<SEC-DOCUMENT>0001001807-16-000042.txt : 20160426
<SEC-HEADER>0001001807-16-000042.hdr.sgml : 20160426
<ACCEPTANCE-DATETIME>20160426063444
ACCESSION NUMBER:		0001001807-16-000042
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160426
FILED AS OF DATE:		20160426
DATE AS OF CHANGE:		20160426

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:		161590360

	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>fsenglishq12016_finaldoc-edi.htm
<DESCRIPTION>PT TELKOM INDONESIA (PERSERO) TBK
<TEXT>

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<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;">&nbsp;</font></p>

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<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;text-decoration:none;">&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: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;"><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 April</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;">, 2016</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;"> April 26, 2016</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/ Andi Setiawan</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;">----------------------------------------------------</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;">Andi Setiawan</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;">VP Investor Relations</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>

<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:10.0pt;">&nbsp;</font></p>









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<p style="background:white;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=IN 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=eyinterstate lang=IN style="font-size:14.0pt;font-weight:normal;">Perusahaan
Perseroan (Persero)</font></p>

<p style="background:white;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="background:white;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="background:white;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 March 3</font><font color=windowtext face=eyinterstate lang=EN-US style="font-size:13.0pt;">1</font><font color=windowtext face=eyinterstate lang=IN style="font-size:13.0pt;">, 2016 (unaudited) and for
the three months period then ended (unaudited)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="eyinterstate light" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:191.4pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:13.0pt;">&nbsp;</font></b></p>









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

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk AND
ITS SUBSIDIARIES</font></b></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CONSOLIDATED FINANCIAL STATEMENTS </font></b></p>

<p align=center style="background:white;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;">MARCH&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 31</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> AND</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> FOR THE THREE MONTHS PERIOD THEN
ENDED </font></b></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(UNAUDITED)</font></b></p>

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

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

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><a name=TOC></a><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">TABLE OF CONTENTS</font></b></p>

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

<p align=right style="background:white;margin:0in;margin-bottom:.0001pt;text-align:right;"><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;width:100.0%;">
 <tr>
  <td valign=top width=81% 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=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;">Page</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=81% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=81% 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=19% 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>
 </tr>
<tr>
  <td valign=top width=81% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#CSFP"><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">Consolidated Statement of Financial
  Position</font></u></a></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</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=81% 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=19% 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>
 </tr>
<tr>
  <td valign=top width=81% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#CSCI"><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">Consolidated Statement of </font></u><u><font color=blue face=arial,sans-serif lang=IN style="font-size:10.0pt;">P</font></u><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">rofit or </font></u><u><font color=blue face=arial,sans-serif lang=IN style="font-size:10.0pt;">L</font></u><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">oss and </font></u><u><font color=blue face=arial,sans-serif lang=IN style="font-size:10.0pt;">O</font></u><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">ther
  </font></u><u><font color=blue face=arial,sans-serif lang=IN style="font-size:10.0pt;">C</font></u><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">omprehensive </font></u><u><font color=blue face=arial,sans-serif lang=IN style="font-size:10.0pt;">I</font></u><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">ncome&nbsp;</font></u></a></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;">2</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=81% 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=19% 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>
 </tr>
<tr>
  <td valign=top width=81% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#CSCE"><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">Consolidated Statement of Changes in
  Equity</font></u></a></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;">3-4</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=81% 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=19% 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>
 </tr>
<tr>
  <td valign=top width=81% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#CSCF"><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">Consolidated Statement of Cash Flows</font></u></a></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;">5</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=81% 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=19% 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>
 </tr>
<tr>
  <td valign=top width=81% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#NOTES"><u><font color=blue face=arial,sans-serif style="font-size:10.0pt;">Notes to the Consolidated Financial
  Statements</font></u></a></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;">6-121</font></p>
  </td>
 </tr>
</table></div>

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









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<p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font style=""><font face="Times New Roman" lang=X-NONE style="font-size:1.0pt;">&nbsp;</font></font></p>





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<p align=left style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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=left style="background:white;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:10.0pt;">&nbsp;</font></b></p>

<p align=center style="background:white;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;">PERUSAHAAN
PERSEROAN (PERSERO)</font></b></p>

<p align=center style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><a name=CSFP></a><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
STATEMENT OF FINANCIAL POSITION</font></b></p>

<p align=center style="background:white;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;">March 31, 2016 (unaudited) and
December 31, 2015 (audited)</font></b></p>

<p align=center style="background:white;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 expressed in billions of rupiah, unless otherwise stated)</font></b></p>

<p align=left style="background:white;margin-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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="background:white;margin-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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=50% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&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=X-NONE style="font-size:8.0pt;">Notes</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=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=X-NONE style="font-size:8.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6&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 lang=IN style="font-size:8.0pt;">&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:8.0pt;">2015</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>
 </tr>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">ASSETS CURRENT ASSETS</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</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=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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</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>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Cash and cash
  equivalents</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=X-NONE style="font-size:8.0pt;">2c,2e,2u,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">,3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">38&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">35,737</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 lang=X-NONE 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-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;">28,117</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Other current
  financial assets</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">2c,2d,2e,2u,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">,3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">38&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">2,786</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=X-NONE 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-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=X-NONE style="font-size:8.0pt;">2,818</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Trade </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">and others receivables</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=IN style="font-size:8.0pt;">2g,2u,2ab,5,15,16,25,38</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">9,711</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 lang=X-NONE 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-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;">7,872</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Inventories -
  net of provision for obsolescence</font></p>
  </td>
 <td valign=bottom width=16% 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=FI style="font-size:8.0pt;">2h,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">557</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=X-NONE 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-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;">528</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Advances and
  prepaid expenses</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=IN style="font-size:8.0pt;">2c,2i,7,32</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">6,202</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 lang=X-NONE 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-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;">5,839</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Claim for tax
  refund</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">2t,27</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">66</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=X-NONE 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-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=X-NONE style="font-size:8.0pt;">66</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Prepaid taxes</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=X-NONE style="font-size:8.0pt;">2t,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">27&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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;">2,785</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 lang=X-NONE 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=right style="margin-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=X-NONE style="font-size:8.0pt;">2,672</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Total Current
  Assets</font></p>
  </td>
 <td valign=bottom width=16% 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">57,844</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">47,912</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">NON-CURRENT
  ASSETS</font></b></p>
  </td>
 <td valign=bottom width=16% 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=FR style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">&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 lang=FR style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">&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 lang=FR style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Long-term
  investments</font></p>
  </td>
 <td valign=bottom width=16% 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;">2f,8</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">1,822</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=X-NONE 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-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;">1,807</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Property and
  equipment - net of accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=FI style="font-size:8.0pt;">2d,2l,2m,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">9</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">105,120</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 lang=X-NONE 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-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=FI style="font-size:8.0pt;">103</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">700&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Prepaid pension
  benefit cost</font></p>
  </td>
 <td valign=bottom width=16% 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;">2s,30</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">1,269</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=X-NONE 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-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;">1,331</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Advances and
  other non-current assets</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=FI style="font-size:8.0pt;">2c,2i,2l,2n,2u,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 lang=FI style="font-size:8.0pt;">,3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">,3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">38&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">6,802</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 lang=X-NONE 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-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=FI style="font-size:8.0pt;">7</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">153&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Claims for tax
  refund - net of current portion</font></p>
  </td>
 <td valign=bottom width=16% 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=FI style="font-size:8.0pt;">2t,27</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">948</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=X-NONE 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-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=FI style="font-size:8.0pt;">1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">013&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Intangible
  assets - net of accumulated amortization</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=FI style="font-size:8.0pt;">2d,2k,2n,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">2,963</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 lang=X-NONE 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-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=FI style="font-size:8.0pt;">3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">056&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Deferred tax
  assets - net</font></p>
  </td>
 <td valign=bottom width=16% 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;">2t,27</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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;">224</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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;">201</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Total
  Non-current Assets</font></p>
  </td>
 <td valign=bottom width=16% 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=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: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=right style="margin-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;">119,148</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=X-NONE style="font-size:8.0pt;">118,2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">61&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">TOTAL ASSETS</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">176,992</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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">166,1</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">73&nbsp;</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>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">LIABILITIES AND
  EQUITY </font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">CURRENT LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=16% 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=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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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;"><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="padding:0in 0in 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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;"><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="padding:0in 0in 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Trade</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> and others payables</font></p>
  </td>
 <td valign=bottom width=16% 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;">2c,2o,2r,2u,12,32,38</font></p>
  </td>
 <td valign=bottom 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 lang=IN 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-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;">14,284</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;">&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:8.0pt;">14,191</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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Taxes payable</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=IN style="font-size:8.0pt;">2t,27</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">4,371</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 lang=X-NONE 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-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;">3,273</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Accrued
  expenses</font></p>
  </td>
 <td valign=bottom width=16% 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=FI style="font-size:8.0pt;">2c,2r,2u,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">,&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">10,661</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=X-NONE 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-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=FI style="font-size:8.0pt;">8</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">247&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Unearned income</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=X-NONE style="font-size:8.0pt;">2r,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">4,934</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 lang=X-NONE 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-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;">4,360</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Advances from
  customers and suppliers</font></p>
  </td>
 <td valign=bottom width=16% 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;">2c,32</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">511</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=X-NONE 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-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;">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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Short-term bank
  loans</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> and c</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">urrent maturities of long-term liabilities</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=FI style="font-size:8.0pt;">2c,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2m,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">2p,2u,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">15,32,38&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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;">4,358</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 lang=X-NONE 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=right style="margin-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=FI style="font-size:8.0pt;">4</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">444&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Total Current
  Liabilities</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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;">39,026</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">35,413</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">NON-CURRENT
  LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=16% 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=FR style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">&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 lang=FR style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">&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 lang=FR style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Deferred tax
  liabilities - net</font></p>
  </td>
 <td valign=bottom width=16% 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;">2t,27</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">1,948</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=X-NONE 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-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;">2,110</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Other liabilities</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=IN style="font-size:8.0pt;">2r</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">297</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 lang=X-NONE 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-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;">382</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Long service
  award provisions</font></p>
  </td>
 <td valign=bottom width=16% 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;">2s,31</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">493</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=X-NONE 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-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;">501</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Pension
  benefits and other post-employment benefits</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=FI style="font-size:8.0pt;">2s,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">30&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">4,328</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 lang=X-NONE 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-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=FI style="font-size:8.0pt;">4</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">171&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Long-term </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">borrowings&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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;">2c,2m,2p,2u,16</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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;">30,606</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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=FI style="font-size:8.0pt;">30</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:8.0pt;">168&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Total
  Non-current Liabilities</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=X-NONE 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=right style="margin-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;">37,672</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 lang=X-NONE 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=right style="margin-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=X-NONE style="font-size:8.0pt;">37,332</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">TOTAL
  LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">76,698</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">72,745</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">EQUITY</font></b></p>
  </td>
 <td valign=bottom width=16% 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=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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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;"><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="padding:0in 0in 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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;"><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="padding:0in 0in 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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;">Capital stock</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">1c,18</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">5</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">040&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 lang=IN 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-bottom:0in;margin-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</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">040&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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Additional
  paid-in capital</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=X-NONE style="font-size:8.0pt;">2d,2v,19</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">935&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 lang=X-NONE 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-bottom:0in;margin-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</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">935&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Treasury stock</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">2v,20</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">(3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">804&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 lang=X-NONE style="font-size:8.0pt;">)</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:8.0pt;">(3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">804&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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Other </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">equity&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=X-NONE style="font-size:8.0pt;">1d,2d,2f,2u,21</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">440</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">508</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Retained
  earnings</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=X-NONE 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-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=X-NONE 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=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: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=50% 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=X-NONE style="font-size:8.0pt;">Appropriated</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=X-NONE style="font-size:8.0pt;">29</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">15</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">337&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:8.0pt;">&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:8.0pt;">15</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">337&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Unappropriated</font></p>
  </td>
 <td valign=bottom width=16% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">59</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">70</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">7&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=16% 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;">55</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">120&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=50% 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="background:white;font-size:8.0pt;">Net
  equity attributable to:</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN 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-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=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 lang=IN 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-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=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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Owners of the
  Parent Company</font></p>
  </td>
 <td valign=bottom width=16% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN 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-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=X-NONE style="font-size:8.0pt;">79</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">65</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&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 lang=IN 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-bottom:0in;margin-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;">75</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">136&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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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=X-NONE style="font-size:8.0pt;">Non-controlling
  Interests</font></p>
  </td>
 <td valign=bottom width=16% 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 lang=X-NONE style="font-size:8.0pt;">2b,17</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=X-NONE style="font-size:8.0pt;">20</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">639&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: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=right style="margin-bottom:0in;margin-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;">18</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">292&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">TOTAL EQUITY</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">100</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">29</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">93</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">428&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">TOTAL
  LIABILITIES AND EQUITY</font></b></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">176,99</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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;">166</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">173&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p align=center style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:center;text-indent:-9.0pt;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:8.0pt;">The
accompanying notes to the consolidated financial statements, form an integral
part ofthese consolidated financial statements
taken as a whole.</font></p>

<p align=center style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:center;text-indent:-9.0pt;"><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;"><font color=windowtext face="Times New Roman" 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 lang=EN-US style="font-size:10.0pt;">1</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:1.0pt;">&nbsp;</font></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 style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p align=center style="background:white;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;">PERUSAHAAN
PERSEROAN (PERSERO)</font></b></p>

<p align=center style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><a name=CSCI></a><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME</font></b></p>

<p align=center style="background:white;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;">March 31, 2016 (unaudited) and
December 31, 2015 (audited)</font></b></p>

<p align=center style="background:white;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 expressed in billions of rupiah, unless otherwise stated)</font></b></p>

<p align=center style="background:white;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:8.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="background:white;margin-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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=52% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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;">Notes</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:9.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">6&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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;">2015</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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">REVENUES</font></b></p>
  </td>
 <td valign=bottom width=18% 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;">2c,2r,22,32</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=X-NONE 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-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;">27,542</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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;">23,616</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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Operations,
  maintenance and telecommunication service expenses</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">2c,2h,2r,6,24,32</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">(7</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">651&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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(6</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">256&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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Depreciation
  and amortization expenses</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">2k,2l,2m,2r,9,10,11</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=X-NONE 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-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=X-NONE style="font-size:8.0pt;">(4</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">405&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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(5</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">098&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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Personnel
  expenses</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">2c,2r,2s,13,2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">,30,31,32&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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">(2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">999&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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">16&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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Interconnection
  expenses</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">2c,2r,2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">,32&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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">(784</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=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">061&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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">General and
  administrative expenses</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">2c,2g,2r,2t,5,2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">,32&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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">(701</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(95</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">7&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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Marketing
  expenses</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">2r</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=X-NONE 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-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=X-NONE style="font-size:8.0pt;">(752</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=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(689</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=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Loss on foreign
  exchange - net</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">2q</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">(114</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(12</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Other income</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">2r,9c</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=X-NONE 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-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=X-NONE style="font-size:8.0pt;">294</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=X-NONE 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-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=X-NONE style="font-size:8.0pt;">236</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Other expenses</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">2r,9c,34c</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(858</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(15</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">OPERATING
  PROFIT</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">9,572</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">7,448</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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:8.0pt;">Finance income</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=IN style="font-size:8.0pt;">2c,32</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 lang=X-NONE 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-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;">499</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 lang=X-NONE 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-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;">314</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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Finance costs</font></p>
  </td>
 <td valign=bottom width=18% 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;">2c,2r,32</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=X-NONE 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-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;">(770)</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=X-NONE 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-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;">(443</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>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Share of profit
  (loss) of associated companies</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=IN style="font-size:8.0pt;">2f,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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:8.0pt;">15</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:8.0pt;">(</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">)&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">PROFIT
  BEFORE INCOME TAX</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">9,316</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">7,318</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">INCOME TAX
  (EXPENSE) BENEFIT</font></b></p>
  </td>
 <td valign=bottom width=18% 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 lang=IN style="font-size:8.0pt;">2t,2ab,27</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Current</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE 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 lang=X-NONE 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-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;">(2,607</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=15% 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=X-NONE style="font-size:8.0pt;">(2,045</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=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Deferred</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:8.0pt;">184</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">235</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">2,423</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(1,810)</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">PROFIT FOR THE
  YEAR</font></b></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">6,893</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">5,508</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">OTHER
  COMPREHENSIVE INCOME</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Other
  comprehensive income to be reclassified to profit</font></i></b><b><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> o</font></i></b><b><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">r loss in subsequent </font></i></b><b><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">periods</font></i></b><b><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">:&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=18% 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><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></i></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><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></i></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><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></i></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><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Foreign
  currency translation</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">1d,2b,2f</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=X-NONE 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-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;">(70</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=15% 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;">(23</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>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Change in fair
  value of available-for-sale financial assets</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">2u</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">2</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Other
  comprehensive income </font></i></b><b><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">not </font></i></b><b><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">to
  be reclassified to profit</font></i></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;"> or loss in subsequent periods:</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Defined benefit
  plan actuarial gain - net</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">2s,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">30&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Other
  comprehensive income - net</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(68</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=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">(22</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=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">TOTAL
  COMPREHENSIVE INCOME FOR THE YEAR</font></b></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">6,825</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">5,486</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Profit for the </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">year&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;"> attributable to:</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE 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 lang=X-NONE 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-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=X-NONE 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 lang=X-NONE 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-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=X-NONE 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Owners of the
  parent company</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE 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-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;">4,587</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 lang=X-NONE 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-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;">3,814</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Non-controlling
  interests</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">2b,17</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">2,306</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">1,694</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">6,893</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">5,508</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Total
  comprehensive income for the </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">year&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;"> attributable to:</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE 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 lang=X-NONE 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-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=X-NONE 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 lang=X-NONE 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-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=X-NONE 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Owners of the
  parent company</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">4,518</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">3,792</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Non-controlling
  interests</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">2b,17</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">2,307</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">1,694</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">6,825</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">5,486</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">BASIC AND
  DILUTED EARNINGS PER SHARE</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">(in full
  amount)</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">2x,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">28&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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Net income per
  share</font></p>
  </td>
 <td valign=bottom width=18% 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=X-NONE 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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">46.72</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=X-NONE 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-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=X-NONE style="font-size:8.0pt;">38.85</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=X-NONE style="font-size:8.0pt;">Net income per
  ADS (200 Series B shares per ADS)</font></p>
  </td>
 <td valign=bottom width=18% 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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">9,344.39</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 lang=X-NONE 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-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=X-NONE style="font-size:8.0pt;">7,7</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">0.60&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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 align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">The
accompanying notes to the consolidated financial statements, form an integral
part ofthese consolidated financial statements taken as a whole.</font></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><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;"><font color=windowtext face="Times New Roman" 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 lang=EN-US style="font-size:8.0pt;">2</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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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=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><a name=CSCE></a><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
STATEMENT OF </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">CHANGES
IN EQUITY</font></b></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">For the Three Months Period
Ended March 31, 2016 and 2015 (unaudited)</font></b></p>

<p align=center style="background:white;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 expressed in billions of rupiah, unless otherwise stated)</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="background:white;margin-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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=15% 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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=13 valign=top width=59% 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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Attributable
  to owners of the parent company</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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=15% 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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=7% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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-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;">Retained Earnings</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=9% 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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Descriptions</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">Notes</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">Capital</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">n</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">stock&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Additional paid-in capital</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">Treasury stock</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Other equity</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Appropriated</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Unappropriated</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.0pt;">Net</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Non-</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">c</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">ontrolling interests</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Total equity</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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 lang=IN style="font-size:7.0pt;">Balance, December
  31, 2015</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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;"><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="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">5,040</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2,935</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(3,804</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 lang=IN style="font-size:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">15,337</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">55,120</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=9% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">75,136</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18,292</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">93,428</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Paid in capital for
  associated companies</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">63</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">63</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Cash dividends</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">2w,28</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">(23</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">(23</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Profit for the year</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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 lang=IN style="font-size:7.0pt;">1d,2b,17</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">4,587</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.0pt;">4,587</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">2,306</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">6,893</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Other comprehensive
  income</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">2f,2q,2s,2u,17</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">(68</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=9% 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:7.0pt;">(68</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">1</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">(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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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 lang=IN style="font-size:7.0pt;">Balance, March 31,
  2016</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">5,040</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">2,935</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">(3,804</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 lang=IN style="font-size:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">440</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">15,337</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">59,707</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=9% 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:7.0pt;">79,655</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">20,639</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">100,294</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=left style="background:white;margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">The
accompanying notes to the consolidated financial statements
form an integral part of
these consolidated financial statements taken
as a whole.</font></p>

<p align=left style="background:white;margin-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;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN 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 lang=EN-US style="font-size:10.0pt;">3</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=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></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;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CONSOLIDATED STATEMENT OF </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">CHANGES IN EQUITY (continued)</font></b></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">For the Three Months Period
Ended March 31, 2016 and 2015 (unaudited)</font></b></p>

<p align=center style="background:white;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 expressed in billions of rupiah, unless otherwise stated)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:1.25in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="background:white;margin-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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=15% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=17 valign=bottom width=75% 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=#000007 face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Attributable
  to owners of the parent company</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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 lang=IN style="font-size:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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-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;">Retained Earnings</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Descriptions</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">Notes</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Capital stock</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Additional paid-in
  capital</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">Treasury stock</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Other equity</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Appropriated</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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 lang=IN style="font-size:7.0pt;">Unappropriated</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Net</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">Non- controlling
  interests</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 lang=IN style="font-size:7.0pt;">&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-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;">Total equity</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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 lang=IN style="font-size:7.0pt;">Balance, January 1,
  2015</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=8% 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;"><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="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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5,040</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2,899</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(3,836</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 lang=IN style="font-size:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">381</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">15,337</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">47,900</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">67,721</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18,271</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">85,992</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Cash dividends</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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 lang=IN style="font-size:7.0pt;">2w, 28</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">(699</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 lang=IN style="font-size:7.0pt;">)</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 lang=IN style="font-size:7.0pt;">(699</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Profit for the year</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">1d,2b,17</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">3,814</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">3,814</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">1,694</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:7.0pt;">&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:7.0pt;">5,508</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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:7.0pt;">Other comprehensive
  income</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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 lang=IN style="font-size:7.0pt;">2f,2q,2s,2u,17</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">(22</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">(22</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(22</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% 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 lang=IN style="font-size:7.0pt;">Balance, March 31,
  2015</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=8% 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;"><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="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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">5,040</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">2,899</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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:7.0pt;">(3,836</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 lang=IN style="font-size:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">359</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">15,337</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">51,714</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">71,513</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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:7.0pt;">19,266</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">90,779</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">The
accompanying notes to the consolidated financial statements
form an integral part of
these consolidated financial statements taken
as a whole.</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=EN-US style="font-size:10.0pt;">&nbsp;</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=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 lang=EN-US style="font-size:10.0pt;">4</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 style="background:white;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=X-NONE style="font-size:8.0pt;">&nbsp;</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;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><a name=CSCF></a><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
STATEMENT OF </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">CASH
FLOW</font></b></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">For the Three Months Period
Ended March 31, 2016 and 2015 (unaudited)</font></b></p>

<p align=center style="background:white;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 expressed in billions of rupiah, unless otherwise stated)</font></b></p>

<p align=center style="background:white;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:8.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="background:white;margin-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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">Notes</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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6&nbsp;</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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</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=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">CASH FLOWS
  FROM OPERATING ACTIVITIES</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Cash receipts
  from:</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Customers</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=IN style="font-size:8.0pt;">24,761</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">20,240</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Other operators</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=right style="margin-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;">1,829</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">1,521</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Total cash
  receipts </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">of </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">revenues&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=IN style="font-size:8.0pt;">26,590</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">21,761</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Interest income
  received</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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 lang=IN style="font-size:8.0pt;">472</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">307</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Other cash
  receipts (payments) - net</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=X-NONE style="font-size:8.0pt;">(354</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:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">114</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Cash payments
  for expenses</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">(8,639</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(8,137</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Cash payments
  to employees</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=X-NONE style="font-size:8.0pt;">(2,344</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(2,500</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Payments for
  corporate and final income taxes</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">(1,318</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(1,726</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Payments for
  interest costs</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=X-NONE style="font-size:8.0pt;">(810</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(469</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Payment for
  value added taxes - net</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=right style="margin-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=X-NONE style="font-size:8.0pt;">(454</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(77</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Net cash
  provided by operating activities</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">13,143</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">9,273</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">CASH FLOWS
  FROM INVESTING ACTIVITIES</font></b></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Proceeds from
  sale of property and equipment</font></p>
  </td>
 <td valign=bottom width=16% 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:8.0pt;">9</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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=IN style="font-size:8.0pt;">104</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">223</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Proceeds from
  insurance claims</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">9</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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 lang=X-NONE style="font-size:8.0pt;">12</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">24</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Increase in
  advances and other assets</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">10</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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=X-NONE style="font-size:8.0pt;">(20</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">85</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Acquisition of
  property and equipment</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">9</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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 lang=X-NONE style="font-size:8.0pt;">(5,827</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(5,331</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Acquisition of
  intangible assets</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">11</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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=X-NONE style="font-size:8.0pt;">(169</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(326</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Placements in
  time deposit and assets available-for-sale</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">50</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(236</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Increase in
  advances for purchases of property and equipment</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=X-NONE style="font-size:8.0pt;">271</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(425</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Acquisition of
  long-term investments</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">8</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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 lang=X-NONE style="font-size:8.0pt;">(3</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:8.0pt;">(2</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 lang=X-NONE style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Net cash
  used</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> in </font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">investing activities</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5,582</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">(5,988</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">)</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">CASH FLOWS
  FROM FINANCING ACTIVITIES</font></b></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Proceeds from
  bank loans</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> and other loans</font></p>
  </td>
 <td valign=bottom width=16% 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:8.0pt;">15,16</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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=IN style="font-size:8.0pt;">1,091</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">616</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Capital
  contribution of non-controlling interests in subsidiaries</font></p>
  </td>
 <td valign=bottom width=16% 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:8.0pt;">&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 lang=IN style="font-size:8.0pt;">&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 lang=IN style="font-size:8.0pt;">63</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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">Cash dividends
  paid to non-controlling interests of subsidiaries</font></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&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=IN style="font-size:8.0pt;">(23</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 lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">(699</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 lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Payments of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">bank loans and other loans</font></p>
  </td>
 <td valign=bottom width=16% 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:8.0pt;">15,16</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:8.0pt;">(817</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 lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">(866</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 lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Net cash
  used in financing activities</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">314</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">(949</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">)</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">NET INCREASE
  IN CASH AND CASH EQUIVALENTS</font></b></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">7,875</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,336</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">EFFECT OF
  EXCHANGE RATE CHANGES ON CASH AND CASH</font></b></p>
  </td>
 <td valign=bottom width=16% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">EQUIVALENTS</font></b></p>
  </td>
 <td valign=bottom width=16% 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=X-NONE style="font-size:8.0pt;">&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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(254</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 lang=IN style="font-size:8.0pt;">)</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">274</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">CASH AND
  CASH EQUIVALENTS AT BEGINNING OF YEAR</font></b></p>
  </td>
 <td valign=bottom width=16% 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:8.0pt;">3</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">28,116</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">17,672</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=51% 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 lang=X-NONE style="font-size:8.0pt;">CASH AND
  CASH EQUIVALENTS AT END OF </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">PERIOD&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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:8.0pt;">3</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:8.0pt;">35,737</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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">20,282</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">The accompanying notes to the consolidated
financial statements, form an integral part ofthese consolidated financial
statements taken as a whole.</font></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="background:white;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;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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: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;">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=IN style="font-size:10.0pt;">N<a name=NOTES></a>OTES 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="background:white;margin-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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="background:white;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</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;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="background:white;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</font></b></p>

<p style="background:white;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="background:white;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;">Perusahaan Perseroan (Persero) PT
Telekomunikasi Indonesia Tbk (the &#8220;Company&#8221;) was originally part of </font><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8220;Post en
Telegraafdienst&#8221;</font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, 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="background:white;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="background:white;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 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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">18</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">).&nbsp;</font></p>

<p style="background:white;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="background:white;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 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 19, 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 latest amendment of which was about, among
others, </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;">n compliance with the Financial
Services Authority Regulations and the Ministry of State-Owned Enterprises
Regulations and Circular Letters, addition of main and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">supporting&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> business activities of the Company,
addition of special right of Series A Dwiwarna stockholders, revision regarding
the change in authority limitation of the Board of Directors which requires
approval from the Board of Commissioners in performing such managing activities
of the Company as well as improvement in the editorial and systematic of
Articles of Association related to the addition of Articles of Association
substance based on notarial deed No.20 dated May 12, 2015 of Ashoya Ratam,
S.H., MKn</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;">The latest amendment
was accepted and approved by the Ministry of Law and Human</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Rights of the Republic of Indonesia
(&#8220;MoLHR&#8221;) in its Letter </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">No.
AHU-AH.01</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.03</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;">0938775&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> date</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">d
June 9, 2015 and
MoLHR decision&#8217;s No. AHU-0936901.AH.01.02.Th.2015 dated June 9, 2015. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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 accordance with Article 3 of the
Company&#8217;s Articles of Association, the scope of its activities </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;"> to provide telecommunication network
and telecommunication and information services, and to optimize the Company&#8217;s
resources in accordance with prevailing regulations. In regards to achieving
this objective, the Company is involved in the following activities:</font></p>

<p style="background:white;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:4.0pt;">&nbsp;</font></p>

<p style="background:white;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;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Main business:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Planning, building, providing,
developing, operating, marketing</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
or </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">selling</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;">leasing</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;">
and maintaining telecommunications and information networks </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">in a broad sense </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">in accordance with prevailing </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">regulations</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;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><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;">Planning,
developing, providing, marketing</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;">selling</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;">
and improving telecommunications and information services </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">in a broad sense </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">in accordance with prevailing </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">regulation</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">s.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">iii.</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=IN style="font-size:10.0pt;">Investing&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> including </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;">capital in other companies in line with achieving the
purposes and objectives of the Company</font><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:.75in;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:.75in;text-align:justify;text-indent:-.25in;"><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;">Supporting
business:</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:4.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Providing payment
transactions and money transferring services through telecommunications and
information networks.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><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;">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>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">iii.</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;">Collaborat</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;"> with other parties in order to optimize the information,
communication or technology resources owned by other parties as service
provider in information, communication and technology industry as to achieving
the purposes and objectives of the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:3.0pt;">&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
Company&#8217;s head office is located at Jalan Japati No. 1, Bandung, West Java.</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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">6</font></p>

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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&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=X-NONE style="font-size:11.0pt;">1.&#160;&#160; GENERAL</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:11.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<ol start=1 type=a style="margin-bottom:0in;margin-top:0in;">
 <li style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Establishment and general
     information</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
     (continued)</font></b></li>
</ol>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">was granted</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> several </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">networks and/or services</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> licenses by the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">G</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">overnment
of the Republic of Indonesia which are valid for an unlimited period of time as
long as the Company complies with </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">prevailing
laws </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">networks
and/or </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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>

<p style="background:white;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="background:white;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, numbers
of customers, license payment and universal service contribution, while for
internet telephone services for public purpose, 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="background:white;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="background:white;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="background:white;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:93.06%;">
 <tr>
  <td valign=bottom width=43% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><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;"><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 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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 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;"><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: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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% 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=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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:9.0pt;">October 28, 2010</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:16.65pt;">
  <td valign=top width=43% style="height:16.65pt;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=bottom width=1% style="height:16.65pt;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="height:16.65pt;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="height:16.65pt;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 valign=top width=22% style="height:16.65pt;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="height:16.65pt;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 valign=top width=16% style="height:16.65pt;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=bottom width=1% style="height:16.65pt;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>
 </tr>
<tr>
  <td valign=top width=43% 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=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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:9.0pt;">October 28, 2010</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% 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=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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:9.0pt;">November 12, 2010</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% 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 as internet service
  provider</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% 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;">83/KEP/DJPPI/ KOMINFO/4/2011</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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;">Internet service
  provider</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:9.0pt;">April 7, 2011</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% 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 data communicationsystem
  services</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% 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;">169/KEP/DJPPI/
  KOMINFO/6/2011</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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;">Data communication
  system services</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:9.0pt;">June 6, 2011</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% 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 packet switched based
  local fixed line network</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% 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/07/2011</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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;">Packet switched
  based local fixed line 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:9.0pt;">July 27, 2011</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% 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 network access point</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% 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/09/2013</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:9.0pt;">Internet
  connection services</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:9.0pt;">September 24, 2013</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% 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=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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% 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;">Kepdirjen PPI No.
  127 Tahun 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></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;">ITKP 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:9.0pt;">March 30, 2016</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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="background:white;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,
Directors, Audit Committee, Corporate Secretary and </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">E</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">mployees &nbsp;</font></b></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">1.&#160;&#160; Board of Commissioners and
Directors</font></p>

<p style="background:white;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="background:white;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 resolutions made at </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Annual General Meeting (&#8220;AGM&#8221;)
of Stockholders of the Company as covered by notarial deed No. 26 of </font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">of Ashoya Ratam, S.H.,
MKn.,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> dated on
April 17, 2015, and </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;">Extraordinary General Meeting
(&#8220;E</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">GM</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#8221;)&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;"> as covered by notarial deed No. 35 of
Ashoya Ratam, S.H., MKn., dated on December 19, 2014</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he composition of the Company&#8217;s Board of Commissioners
and Directors as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March
31, 2016 and December</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 31</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2015, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">respectively, w</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ere&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> as follows:</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=top width=33% 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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% 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;">March 31, 2016</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=33% 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;">December 31, 2015</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=33% 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;">President
  Commissioner</font></p>
  </td>
 <td valign=bottom width=33% 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;">Hendri Saparini</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Hendri Saparini</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=33% 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;">Commissioner</font></p>
  </td>
 <td valign=bottom width=33% 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;">Dolfie Othniel Fredric Palit</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=33% 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;">Dolfie Othniel Fredric Palit</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% 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;">Commissioner</font></p>
  </td>
 <td valign=bottom width=33% 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;">Hadiyanto</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Hadiyanto</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=33% 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;">Commissioner</font></p>
  </td>
 <td valign=bottom width=33% 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;">Margiyono Darsasumarja</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=33% 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;">Margiyono Darsasumarja</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=top width=33% 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;">Independent
  Commissioner</font></p>
  </td>
 <td valign=bottom width=33% 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;">Rinaldi Firmansyah</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Rinaldi Firmansyah</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=33% 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;">Independent
  Commissioner</font></p>
  </td>
 <td valign=bottom width=33% 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;">Parikesit Suprapto</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=33% 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;">Parikesit Suprapto</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=top width=33% 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;">Independent
  Commissioner</font></p>
  </td>
 <td valign=bottom width=33% 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;">Pamiyati Pamela Johanna</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Pamiyati Pamela Johanna</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=33% 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;">President
  Director</font></p>
  </td>
 <td valign=bottom width=33% 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;">Alex Janangkih Sinaga</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=33% 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;">Alex Janangkih Sinaga</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=top width=33% 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;">Director
  of Finance</font></p>
  </td>
 <td valign=bottom width=33% 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;">Heri Sunaryadi</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Heri Sunaryadi</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=33% 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;">Director
  of Innovation and Strategic Portfolio</font></p>
  </td>
 <td valign=bottom width=33% 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;">Indra Utoyo</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=33% 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;">Indra Utoyo</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=top width=33% 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;">Director
  of Enterprise and Business Service</font></p>
  </td>
 <td valign=bottom width=33% 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;">Muhammad Awaluddin</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Muhammad Awaluddin</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=33% 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;">Director
  of Wholesale and International Services</font></p>
  </td>
 <td valign=bottom width=33% 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;">Honesti Basyir</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=33% 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;">Honesti Basyir</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=top width=33% 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;">Director
  of Human Capital Management</font></p>
  </td>
 <td valign=bottom width=33% 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;">Herdy Rosadi Harman</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Herdy Rosadi Harman</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=33% 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;">Director
  of Network, Information Technology and Solution</font></p>
  </td>
 <td valign=bottom width=33% 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;">Abdus Somad Arief</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=33% 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;">Abdus Somad Arief</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=top width=33% 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;">Director
  of Consumer Services</font></p>
  </td>
 <td valign=bottom width=33% 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;">Dian Rachmawan</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Dian Rachmawan</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>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:67.5pt;text-align:justify;text-indent:-13.5pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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;">2.&#160;&#160; Audit Committee and Corporate
Secretary</font></p>

<p style="background:white;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="background:white;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 composition of the Company&#8217;s Audit
Committee and the Corporate Secretary as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 31</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2015 and 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, were as
follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US 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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=33% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% 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;">2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% 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;">2015</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 lang=IN style="font-size:10.0pt;">&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:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Chair</font></p>
  </td>
 <td valign=bottom width=33% 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;">Rinaldi Firmansyah</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Rinaldi Firmansyah</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 style="height:9.0pt;">
  <td valign=top width=33% style="height:9.0pt;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:10.0pt;">Secretary</font></p>
  </td>
 <td valign=bottom width=33% style="height:9.0pt;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;">Tjatur Purwadi</font></p>
  </td>
 <td valign=top width=1% style="height:9.0pt;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 lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=33% style="height:9.0pt;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:10.0pt;">Tjatur Purwadi</font></p>
  </td>
 <td valign=top width=1% style="height:9.0pt;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 lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=33% style="background:#c6d9f1;height:9.0pt;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:10.0pt;">Member</font></p>
  </td>
 <td valign=bottom width=33% style="background:#c6d9f1;height:9.0pt;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;">Parikesit Suprapto</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:9.0pt;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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="background:#c6d9f1;height:9.0pt;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:10.0pt;">Parikesit Suprapto</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:9.0pt;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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=33% style="height:9.0pt;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:10.0pt;">Member</font></p>
  </td>
 <td valign=bottom width=33% style="height:9.0pt;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;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=top width=1% style="height:9.0pt;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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="height:9.0pt;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:10.0pt;">Dolfie Othniel Fredric Palit</font></p>
  </td>
 <td valign=top width=1% style="height:9.0pt;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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Corporate Secretary</font></p>
  </td>
 <td valign=bottom width=33% 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;">Andi Setiawan</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=33% style="background:#c6d9f1;padding:0in 0in 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;">Andi Setiawan</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>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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="background:white;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="background:white;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,
Directors, Audit Committee, Corporate Secretary and Employees </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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;">March 31, 2016 and December 31, 2015</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;">Company and subsidiaries (&#8220;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Group</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#8221;)&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> had
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">24,418&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
employees and 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4,785&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> employees (unaudited), respectively.</font></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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
wholly-owned by the Government. On November 14, 1995, 933,333,000 new Series B
shares and 233,334,000 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;)
and 700,000,000 Series 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 Series B shares at that time.</font></p>

<p style="background:white;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="background:white;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 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 Government further sold 898,000,000 Series B shares.</font></p>

<p style="background:white;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="background:white;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 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="background:white;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="background:white;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="background:white;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="background:white;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>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p align=left style="background:white;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=EN-US 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: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;">1.&#160;&#160;
GENERAL (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;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="background:white;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 (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</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;">Based on the decision
of the EGM of the Company on December 21, 2005, the AGM of the Company on June
29, 2007, dated June 20, 2008, and dated May 19, 2011 the Company's
shareholders approve each plan phase I, II, III and IV to repurchase Series B
shares ( Note 20).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> O</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">n
July 30, 2013, the Company has sold all such shares </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(Note 20).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:37.35pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:37.35pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">At</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> phase III (Note 20).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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 held on April 19, 2013, the
minutes of which are covered by notarial deed No.38 of Ashoya Ratam, S.H</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;">, MKn</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;">,
the stockholders approved the Company&#8217;s 5-for-1 stock 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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;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;">On May 16 and June 5, 2014, the </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;">ompany deregistered from Tokyo Stock
Exchange </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(&#8220;TSE&#8221;)&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and delisted from the LSE,
respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">March 3</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;">,
2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, all of the
Company&#8217;s Series B shares are listed on the IDX and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">39.719.934 &nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;ADS shares are listed on the NYSE </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(Note 18).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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;">On June 25</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;">2010&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> the Company issued </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the second rupiah bonds </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">with a nominal amount of Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,005&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion for Series A, a five-year
period and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,995&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion for Series B, a ten-year
period, respectively, are listed on the IDX </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(Note 16b.i).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">On June 16, 2015, the Company issued
Continuous Bonds I Telkom Phase I 2015, with a nominal amount Rp2,200 billion
for Series A, a seven-year period, Rp2,100 billion for Series B, a ten-year
period, Rp1,200 billion for Series C, a fifteen-year period and Rp1,500 billion
for Series D, a thirty-year period, respectively, are listed on the IDX (Note 16b.i).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">On December 21, 2015, the Company </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">has </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">sold the remaining shares of </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;">reasury </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;">tock
phase III (Note 20).</font></p>

<p style="background:white;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="background:white;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></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<p style="background:white;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;">March 31, 2016 and 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company has consolidated the
following directly or indirectly owned subsidiaries</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (Notes 2b and 2d)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;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="background:white;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="background:white;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p align=left style="background:white;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=EN-US 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: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;">1.&#160;&#160;
GENERAL (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&nbsp;</font></i></b></p>

<p style="background:white;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><b><i><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">:&nbsp;</font></u></i></b></p>

<p style="background:white;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>

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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=24% 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:7.0pt;">Percentage of
  ownership interest</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=24% 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:7.0pt;">Total assets before
  elimination</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Subsidiary/place of incorporation</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:5.0pt;">&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:7.0pt;">Nature of
  business/date of incorporation or acquisition by the Company</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:5.0pt;">&nbsp;</font></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:7.0pt;">Year of start
  of commercial operations</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:5.0pt;">&nbsp;</font></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 lang=IN style="font-size:7.0pt;">March 31, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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 lang=IN style="font-size:7.0pt;">December 31, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><font color=windowtext face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></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 lang=IN style="font-size:7.0pt;">March 31, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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 lang=IN style="font-size:7.0pt;">December 31, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><font color=windowtext face=Arial,sans-serif style="font-size:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">PT Telekomunikasi Selular (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Telkomsel&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">) </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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:7.0pt;">Telecommunication - provides telecommunication facilities
  and mobile cellular services using Global Systems for Mobile Communication
  (&#8220;GSM&#8221;) technology/May 26, 1995</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:5.0pt;">&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:7.0pt;">1995</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:5.0pt;">&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:7.0pt;">65</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">65</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:5.0pt;">&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=DE style="font-size:7.0pt;">93</font><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;">925&nbsp;</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">84,086</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">PT Dayamitra Telekomunikasi (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Dayamitra&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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:7.0pt;">Telecommunication/May 17, 2001</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:5.0pt;">&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:7.0pt;">1995</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:5.0pt;">&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:7.0pt;">100</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">100</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:5.0pt;">&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:7.0pt;">9,647</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">9,341</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">PT Multimedia Nusantara (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Metra&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">),&nbsp;</font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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:7.0pt;">N</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">etwork&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> telecommunication services</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> and multimedia/</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> May 9, 2003</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:5.0pt;">&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:7.0pt;">1998</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:5.0pt;">&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:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">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:5.0pt;">&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:7.0pt;">9,089</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">8,563</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">PT Telekomunikasi</font><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;"> Indonesia International (</font><b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">&#8220;TII&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">),&nbsp;</font><i><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">
  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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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:7.0pt;">Telecommunication/</font><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">July 31, 2003</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:5.0pt;">&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:7.0pt;">1995</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:5.0pt;">&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:7.0pt;">100</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">100</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:5.0pt;">&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:7.0pt;">5,848</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">5,604</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">PT Telkom Akses (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Telkom Akses&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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:7.0pt;">Construction, service and trade in the field of
  telecommunication/November 26, 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:5.0pt;">&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:7.0pt;">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:5.0pt;">&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:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">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:5.0pt;">&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:7.0pt;">4,177</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">3,696</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">PT Graha Sarana Duta (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;GSD&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">),&nbsp;</font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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:7.0pt;">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="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:5.0pt;">&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:7.0pt;">1982</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:5.0pt;">&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:7.0pt;">99,99</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">99.99</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:5.0pt;">&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:7.0pt;">3,729</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">3,581</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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=IT style="font-size:7.0pt;">PT P</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">INS Indonesia </font><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">(</font><b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">&#8220;P</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">INS</font></b><b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">)&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> previously PT Pramindo Ikat Nusantara </font><i><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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=IT style="font-size:7.0pt;">Telecommunication construction and
  services/August 15, 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:5.0pt;">&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=IT style="font-size:7.0pt;">1995</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:5.0pt;">&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:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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=IT style="font-size:7.0pt;">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:5.0pt;">&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:7.0pt;">3,326</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">2,960</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">PT </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Infrastruktur Telekomunikasi</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">
  Indonesia </font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(&#8220;Telkom Infratel&#8221;) </font></b><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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:7.0pt;">Construction, service and trade in the field of
  telecommunication/ </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">January 16, 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:5.0pt;">&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:7.0pt;">2014</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:5.0pt;">&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:7.0pt;">100</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">100</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:5.0pt;">&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:7.0pt;">818</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">647</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">PT Patra Telekomunikasi Indonesia (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Patrakom&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">)&nbsp;</font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">
  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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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:7.0pt;">Telecomunicatio</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">n-&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> provides </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">satellite&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> communication system,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> services and
  facilities/</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">September 28, 1995</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:5.0pt;">&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:7.0pt;">1996</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:5.0pt;">&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:7.0pt;">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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">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:5.0pt;">&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:7.0pt;">479</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:5.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">472</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:5.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:75.0pt;text-align:justify;text-indent:-.5in;"><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(i)</font></i></b><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</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><b><i><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">: </font></u></i></b><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(continued)&nbsp;</font></i></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:75.0pt;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="background:#c6d9f1;border-collapse:collapse;margin-left:40.5pt;width:92.18%;">
 <tr>
  <td valign=bottom width=23% style="background:transparent;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="background:transparent;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:7.0pt;">Percentage of
  ownership interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="background:transparent;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:7.0pt;">Total assets
  before elimination</font></b></p>
  </td>
 <td valign=top width=1% style="background:transparent;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=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=23% style="background:transparent;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:7.0pt;">Subsidiary/place
  of incorporation</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:transparent;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:7.0pt;">Nature of
  business/ date of incorporation or acquisition by the Company</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:transparent;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:7.0pt;">Year of start
  of commercial operations</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:transparent;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:7.0pt;">March 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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 lang=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:transparent;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 lang=IN style="font-size:7.0pt;">December 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:transparent;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:7.0pt;">March 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:transparent;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 lang=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:transparent;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 lang=IN style="font-size:7.0pt;">December 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:transparent;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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=23% 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:7.0pt;">PT Napsindo Primatel Internasional (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Napsindo&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% 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:7.0pt;">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="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=DE style="font-size:7.0pt;">&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:7.0pt;">1999; ceased
  operations on January 13, 2006</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 lang=DE style="font-size:7.0pt;">&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:7.0pt;">60</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=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">60</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=DE style="font-size:7.0pt;">&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:7.0pt;">5</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=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">5</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=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:13.65pt;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:13.65pt;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:75.0pt;text-align:justify;text-indent:-.5in;"><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)</font></i></b><b><i><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">
</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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">.&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:40.5pt;width:92.18%;">
 <tr>
  <td valign=bottom width=22% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 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 style="font-size:7.0pt;">Percentage ofownership
  interest</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">,&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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=21% 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:7.0pt;">Total assets before
  elimination</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <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;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Subsidiary/place of incorporation</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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:7.0pt;">Nature of
  business/date of incorporation or acquisition by the Company</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:7.0pt;">&nbsp;</font></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:7.0pt;">Year of start
  of commercial operations</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:7.0pt;">&nbsp;</font></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 lang=IN style="font-size:7.0pt;">March 31</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">, 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">December 31</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">, 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></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 lang=IN style="font-size:7.0pt;">March 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">December 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% 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:7.0pt;">PT Sigma Cipta Caraka (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Sigma&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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:7.0pt;">Information technology service &#8211; system implementation
  and integration servic, eoutsourcing 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:7.0pt;">&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:7.0pt;">1988</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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">3,923</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">3,587</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% 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:7.0pt;">Telekomunikasi Indonesia International Pte. Ltd., </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Singapore&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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:7.0pt;">Telecommunication/December 6, 2007</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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">100</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:7.0pt;">&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:7.0pt;">100</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:7.0pt;">&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:7.0pt;">1,776</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">1,618</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% 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:7.0pt;">PT Infomedia Nusantara (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Infomedia&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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:7.0pt;">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="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">1984</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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">1,660</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">1,622</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% 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:7.0pt;">PT Telkom Landmark Tower (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;TLT&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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:7.0pt;">Service for property development and management/February
  1, 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:7.0pt;">&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:7.0pt;">2012</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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">1,310</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">1,245</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% 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:7.0pt;">Telekomunikasi Indonesia International (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;TL&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">)
  S.A.,</font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> Timor Leste</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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:7.0pt;">Telecommunication/September 11, 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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">806</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">854</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% 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:7.0pt;">PT Finnet Indonesia (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Finnet&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Jakarta</font></i><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">, </font></i><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Indonesia&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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:7.0pt;">Information technology services/October 31, 2005</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:7.0pt;">&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:7.0pt;">2006</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:7.0pt;">&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:7.0pt;">60</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:7.0pt;">&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:7.0pt;">60</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:7.0pt;">&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:7.0pt;">681</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">513</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% 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:7.0pt;">PT Metra Digital Media (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;MD Media&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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=IN style="font-size:7.0pt;">Directory information</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">
  services/January 22, 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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">99,99</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:7.0pt;">&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:7.0pt;">99.99</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:7.0pt;">&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:7.0pt;">628</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">618</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:7.0pt;">&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:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">12</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:
(continued)</font></i></b></p>

<p style="background:white;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;">&nbsp;</font></i></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=25% 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 lang=IN style="font-size:7.0pt;">&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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 lang=IN style="font-size:7.0pt;">&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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 lang=IN style="font-size:7.0pt;">&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=20% 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:7.0pt;">Percentage of ownership
  interest</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">,&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=19% 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:7.0pt;">Total assets before
  elimination</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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:7.0pt;">Subsidiary/place of
  incorporation</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 lang=IN style="font-size:7.0pt;">&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-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;">Nature of business/date of
  incorporation or acquisition by the Company</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Year of start of commercial
  operations</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">March 31</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">, 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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-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;">December 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><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;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;">March 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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-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;">December 31,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">Telekomunikasi Indonesia
  International Ltd., </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Hong Kong</font></i></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">Telecommunication/December
  8, 2010</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">2010</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">329</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">326</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=top width=25% style="height:4.0pt;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 style="font-size:7.0pt;">PT Metra Digital</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> Investama</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">
  (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;MDI&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">)&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> previously PT
  Metra Media</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">,&nbsp;</font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">
  Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="height:4.0pt;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="height:4.0pt;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 style="font-size:7.0pt;">Trading </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">and/or providing service related to
  information and tehnology multimedia, entertainment and
  investment/January 8, 2013</font></p>
  </td>
 <td valign=top width=1% style="height:4.0pt;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=10% style="height:4.0pt;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;">2013</font></p>
  </td>
 <td valign=top width=1% style="height:4.0pt;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=10% style="height:4.0pt;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;">99,99</font></p>
  </td>
 <td valign=top width=1% style="height:4.0pt;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=9% style="height:4.0pt;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;">99.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">99&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:4.0pt;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=9% style="height:4.0pt;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;">329</font></p>
  </td>
 <td valign=top width=1% style="height:4.0pt;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=9% style="height:4.0pt;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;">4</font></p>
  </td>
 <td valign=top width=1% style="height:4.0pt;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>
  <td valign=top width=25% 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:7.0pt;">Telekomunikasi Indonesia
  Internasional Pty Ltd.</font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(&#8220;Telkom, Australia&#8221;) </font></b><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Australia&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">Telecommunication/January
  9, 2013</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">2013</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">183</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">171</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">PT Metra Plasa (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Metra
  Plasa&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">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-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=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:7.0pt;">2012</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">171</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">85</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">PT Graha Yasa Selaras(</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;GYS&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">),&nbsp;</font><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">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-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=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:7.0pt;">2012</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">51</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">51</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">165</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">160</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">PT Nusantara</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> Sukses Investasi (</font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&#8221;NSI&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">)</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">,&nbsp;</font><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">
  Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">S</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">e</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">rvice
  and trading</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">/&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">2014</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">99.99</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">99.99</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">164</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">165</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">PT Administrasi Medika (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Ad
  Medika&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">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-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=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:7.0pt;">2002</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">75</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">75</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">162</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">160</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">PT MetraNet (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;Metranet&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">),&nbsp;</font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">
  Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">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-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=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:7.0pt;">2009</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">99.99</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">99.99</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">65</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">66</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">Telekomunikasi Indonesia
  International (</font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&#8220;Telkom </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">USA</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">) Inc.</font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> USA</font></i></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">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-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=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:7.0pt;">2014</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">56</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">52</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">PT Sarana Usaha
  Sejahtera </font><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Insanpalapa </font></i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(</font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&#8221;TelkoMedika&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">)</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">, </font><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Jakarta,
  Indonesia</font></i></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">Health services,
  medicine services including pharmacies, laboratories and other health
  care support/November 30, 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">2008</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">75</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">75</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">52</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">49</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">PT Pojok Celebes Mandiri (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8220;PCM&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">),
  </font><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">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-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=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:7.0pt;">2008</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">51</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">51</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">16</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">18</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=25% 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:7.0pt;">PT Nusantara Sukses
  Sarana (</font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&#8221;NSS&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">)</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">,&nbsp;</font><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:7.0pt;">Building and hotel
  management service, and other services/</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">September
  1, 2014</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">99.99</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">99.99</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<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=EN-US style="font-size:11.0pt;">&nbsp;</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=EN-US style="font-size:11.0pt;">&nbsp;</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=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(continued)&nbsp;</font></i></b></p>

<p style="background:white;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;">&nbsp;</font></i></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=26% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=24% 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:7.0pt;">Percentage of
  ownership interest</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=24% 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:7.0pt;">Total assets before
  elimination</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Subsidiary/place of
  incorporation</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">Nature of
  business/date of incorporation or acquisition by the Company</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:7.0pt;">&nbsp;</font></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:7.0pt;">Year of start of
  commercial operations</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:7.0pt;">&nbsp;</font></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 lang=IN style="font-size:7.0pt;">March 31,</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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 lang=IN style="font-size:7.0pt;">December 31,</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></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 lang=IN style="font-size:7.0pt;">March 31,</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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 lang=IN style="font-size:7.0pt;">December 31,</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">PT
  Nusantara Sukses Realti (</font><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&#8221;NSR&#8221;</font></b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">),&nbsp;</font><i><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% 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:7.0pt;">Service
  and trading/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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">99.99</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">99.99</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">PT
  Satelit Multimedia Indonesia (</font><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&#8220;SMI&#8221;</font></b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">), </font><i><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% 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:7.0pt;">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:7.0pt;">&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:7.0pt;">2013</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:7.0pt;">&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:7.0pt;">99,99</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">99.99</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:7.0pt;">&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:7.0pt;">11</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">13</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:7.0pt;">&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=IN style="font-size:7.0pt;">PT
  Metra TV</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">
  (</font><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&#8220;Metra TV&#8221;</font></b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">),&nbsp;</font><i><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% 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=IN style="font-size:7.0pt;">Subscription-broadcasting</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">99.93</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">99.83</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On November 30, 2015 Metra acquired
13.850 shares of TelkoMedika (equivalent to 75% ownership) with acquisition
cost of Rp69.5 billion. TelkoMedika engaged in health services, provision of
services and medicines, including the establishment of pharmacies, hospitals,
medical centers, clinics, or health services and other support.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">)&#160;
Sigma</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Based on Notarial Deed Utiek
Rochmuljati Abdurachman, SH., MLI, MKn., No. 09 dated December 18, 2015, which
was approved by Menkumham by Letter No. AHU-AH.01.03-09904427 dated December
22, 2015, Sigma purchased 55% shares of PT Media Nusantara Global Data
(&quot;MNDG&quot;) which is engaged in data center services.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The acquisition cost amounted to Rp45
billion and the fair value of identifiable net assets amounted to Rp30 billion
resulting in a goodwill of Rp15 billion (Note 11).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (c)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Telin&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&#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; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On May 19, 2015,
Pachub Acquisition Co. was incorporated, with Telekomunikasi Indonesia
International (USA) obtaining 100% direct ownership.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On May 29, 2015,
Telkom USA and Pachub Acquisition Co entered into an agreement and plan of
merger with AP Teleguam Holdings, Inc. As of the date of the issuance of these
consolidated financial statements, the plan of merger is still being evaluated
by the local authorities (United States).</font></p>

<p style="background:white;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="background:white;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;">e.&#160;&#160; Authorization for the issuance of
the consolidated financial statements</font></b></p>

<p style="background:white;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="background:white;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;">The consolidated financial statements
were prepared and approved for issuance by
the Board of Directors on April 21, 2016.</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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">14</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_19"></a><a name="_bclPageBorder19"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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;">2.&#160;&#160; SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</font></b></p>

<p style="background:white;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="background:white;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;">The consolidated financial statements
prepared in accordance with Financial Accounting Standards (&quot;SAK&quot;) in
Indonesia, which includes the Statement of Financial Accounting Standards
(&quot;PSAK&quot;) in Indonesia and the Interpretation of Financial Accounting
Standards (&quot;ISAK&quot;) in Indonesia issued by the Financial Accounting
Standards Board Association accountant Indonesia and the Capital Market
Supervisory Agency and Financial Institution (Bapepam-LK) No. VIII.G.7
regarding &quot;Presentation and Disclosure of Financial Statements of Public
Company&quot;, which is enclosed in the letter KEP-347 / BL / 2012.</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;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;">a.&#160;&#160; Basis of preparation of financial
statements</font></b></p>

<p style="background:white;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="background:white;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 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 herein.</font></p>

<p style="background:white;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="background:white;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 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="background:white;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="background:white;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;">Figures in the
consolidated financial statements are presented and rounded to billions of
Indonesian rupiah (&#8220;Rp&#8221;), unless otherwise stated.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Accounting </font></b><b><font color=black face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;line-height:normal;">S</font></b><b><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">tandards
</font></b><b><font color=black face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;line-height:normal;">I</font></b><b><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">ssued but not yet </font></b><b><font color=black face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;line-height:normal;">E</font></b><b><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">ffective&nbsp;</font></b></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:76.05pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:4.0pt;line-height:97%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:40.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-3.45pt;"><u><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective </font></u><u><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">January 1, 2017</font></u><u><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">:&nbsp;</font></u></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:76.05pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=symbol lang=EN-AU style="font-size:10.0pt;line-height:97%;">&#183;</font><font color=black face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:97%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;line-height:97%;">Amendments to PSAK 1:
Presentation of Financial Statements on Disclosure Initiative.</font></p>

<p style="background:white;margin-bottom:10.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;line-height:97%;">The amendments provide clarification on the application of the
requirements of materiality, the flexibility of systematic order of the notes
to the financial statements and the identification of significant accounting
policies. </font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=symbol lang=EN-AU style="font-size:10.0pt;line-height:97%;">&#183;</font><font color=black face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:97%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;line-height:97%;">ISAK 31: Interpretation on the
Scope of PSAK 13: Investment Property.</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7pt;"><font color=#212121 face=arial,sans-serif lang=EN-US style="background:white;font-size:10.0pt;line-height:97%;">The ISAK provides an interpretation of the
characteristics of the building used as part of the definition of investment
property in PSAK 13: Investment Property. The building as investment property
refer to structures that have physical characteristics generally associated as
a building with the walls, floors, and roofs are attached to the assets.</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7pt;"><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;margin-left:0in;margin-right:0in;text-indent:-.25in;"><b><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.</font></b><b><font color=black face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font></b><b><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Principles of
consolidation</font></b></p>

<p style="background:white;margin-left:0in;margin-right:0in;"><b><font color=black face=arial,sans-serif lang=IN style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="background:white;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 consolidated financial
statements consist of the financial statements of the Company and the
subsidiaries over which it has control. Control is achieved when the Group is
exposed, or has rights, to variable returns from its involvement with the
investee and has the ability to affect those returns through its power over the
investee. Specifically, the Group controls an investee if and only if the Group
has the power over the investee, exposure or rights, to variable returns from
its involvement with the investee, and the ability to use its power over the
investee to affect its returns.</font></p>

<p style="background:white;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="background:white;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 Group re-assesses
whether it controls an investee if facts and circumstances indicate that there
are changes to one or more of the three elements of control. Consolidation of a
subsidiary begins when the Group obtains control over the subsidiary and ceases
when the Group loses control over the subsidiary. Assets, liabilities, income
and expenses, of a subsidiary acquired or disposed of during the year are
included in the consolidated financial statements from the date the Group gain control
until the date the Group ceases to control the subsidiary.</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

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

<p style="background:white;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;">b.&#160;&#160; Principles of consolidation</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;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="background:white;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;">Profit or loss and each
component of other comprehensive income (&#8220;OCI&#8221;) are attributed to the equity
holders of the Company and to the non-controlling interests, even if this
results in the non-controlling interests having a deficit balance.</font></p>

<p style="background:white;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="background:white;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;">Significant intercompany
balances and transactions have been eliminated in the consolidated financial
statements.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:justify;text-indent:13.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
case of loss of control over a subsidiary, the Group:</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:49.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">derecognizes
the assets (including goodwill) and liabilities of the subsidiary at the
carrying amounts on the date when it loses control;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:49.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">derecognizes the
carrying amounts of any non-controlling interests of its former subsidiary on
the date when it loses control;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:49.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">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="background:white;margin-bottom:.0001pt;margin-left:49.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">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="background:white;margin-bottom:.0001pt;margin-left:49.05pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.25pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">recognizes
any surplus or deficit in profit or loss that is attributable to the Group.</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="background:white;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; Transactions with related parties</font></b></p>

<p style="background:white;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="background:white;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:10.0pt;line-height:97%;">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 color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">y&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">
which </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">is&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">
considered as a related party </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">is&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;"> a person or entity
that is related to the entity that is preparing its financial statements.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 Regulation of
Bapepam-LK No.VIII.G.7, 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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he
Group in its disclosure applied the definition of related party used based on
PSAK 7 &#8220;Related Party&#8221;. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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; Business combinations</font></b></p>

<p style="background:white;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="background:white;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;">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="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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;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="background:white;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; Business combinations</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;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="background:white;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;">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. 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 </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;">gain is recognized in profit and loss.</font></p>

<p style="background:white;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="background:white;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;">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="background:white;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="background:white;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 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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="background:white;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="background:white;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 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>

<p style="background:white;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="background:white;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 initial application of PSAK 38
(Revised 2012), all balances of the Difference In
Value of </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;">estructuring Transactions of Entities
under Common Control was reclassified to &#8220;Additional Paid-in Capital&#8221; in the
consolidated statement of financial position.</font></p>

<p style="background:white;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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;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="background:white;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;">e.&#160;&#160; Cash
and cash equivalents</font></b></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Cash and cash equivalents
comprises cash on hand and in banks and all unrestricted time deposits with
original maturities of three months or less at the time of placement. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">Time deposits with
maturities of more than three months but not more than one year are presented
as </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">part of &#8220;O</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ther </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;">urrent
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">F</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">inancial </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">A</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ssets&#8221;&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> in the consolidated statement
of financial position</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;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;">f.&#160;&#160;&#160; Investments
in associated companies</font></b></p>

<p style="background:white;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 style="background:white;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;">An associate is an entity over which
the Group (as investor) has significant influence. Significant influence is the
power to participate in the financial and operating policy decisions of the
investee, but does not include control or joint control over those operating
policies. The considerations made in determining significant influence are
similar to those necessary to determine control over subsidiaries. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; The Group&#8217;s investments in its
associates are accounted for using the equity method. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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 equity method, the
investment in an associate is initially recognized at cost. The carrying amount
of the investment is adjusted to recognize changes in the investor&#8217;s share of
the net assets of the associate since the acquisition date. On acquisition of
the investment, any difference between the cost of the investment and the
entity's share of the net fair value of the investee's identifiable assets and
liabilities is accounted for as follows: </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>

<p style="background:white;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;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Goodwill relating to an associate or a
joint venture is included in the carrying amount of the investment and is
neither amortized nor individually tested for impairment. </font></p>

<p style="background:white;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;">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;">Any excess of the entity's share of
the net fair value of the investee's identifiable assets and liabilities over
the cost of the investment is included as income in the determination of the
entity's share of the associate or joint venture's profit or loss in the period
in which the investment is acquired.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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 consolidated statements of profit
or loss and other comprehensive income reflect the Group&#8217;s share of the results
of operations of the associate. Any change in the other comprehensive income of
the associate is presented as part of other comprehensive income. In addition,
when there has been a change recognized directly in the equity of the
associate, the Group recognizes it share of the change in the consolidated
statements of changes in equity. Unrealized gain and losses resulting from
transactions between the Group and the associate are eliminated to the extent
of the interest in the associate.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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 Group determines at each reporting
date whether there is any objective evidence that the investments in 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 the associated companies and their carrying value. </font></p>

<p style="background:white;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="background:white;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;">These assets are included in &#8220;Long-term
Investments&#8221; in the consolidated statements of financial position.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">The functional currency of PT Citra
Sari Makmur (&#8220;CSM&#8221;) is the United States dollar (&#8220;U.S. dollars&#8221;), and 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 &#8220;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">translation
adjustment</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8221; in the equity
section of the consolidated statements of financial position.</font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_23"></a><a name="_bclPageBorder23"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">g.&#160;&#160; Trade and other receivables</font></b></p>

<p style="background:white;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="background:white;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;">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. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">h.&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Inventories</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">Inventories consist of
components, which are subsequently expensed or reclassified into property and
equipment upon use. Components represent telephone terminals, cables, and other
spare parts. Inventories also include Subscriber Identification Module (&#8220;SIM&#8221;)
cards, handsets, set top boxes, wireless broadband modems, and blank prepaid
vouchers. </font></p>

<p style="background:white;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="background:white;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 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="background:white;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="background:white;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;">Cost is determined using
the weighted average method.</font></p>

<p style="background:white;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="background:white;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 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="background:white;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="background:white;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;">Provision for obsolescence is primarily
based on the estimated forecast of future usage of these items.&#160; </font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.&#160;&#160;&#160; Prepaid expenses</font></b></p>

<p style="background:white;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="background:white;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;">Prepaid expenses are
amortized over their future beneficial periods using the straight-line method.</font></p>

<p style="background:white;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="background:white;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;">j.&#160;&#160;&#160; Assets
held for sale</font></b></p>

<p style="background:white;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="background:white;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;">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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="background:white;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="background:white;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;">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 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;margin-left:66.0pt;text-align:justify;"><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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">19</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">k.&#160;&#160; Intangible
assets</font></b></p>

<p style="background:white;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="background:white;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;">Intangible assets </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">mainly </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">consist of software and license.
Intangible assets are recognized if it is highly 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="background:white;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="background:white;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;">Intangible assets are
stated at cost less accumulated amortization and impairment losses</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, if any</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. Intangible assets are amortized over
their estimated useful lives. The Group estimates the recoverable value of its
intangible assets. When the carrying amount of an intangible asset exceeds its
estimated recoverable amount, the asset is written down
to its estimated recoverable amount.</font></p>

<p style="background:white;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="background:white;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;">Intangible assets are
amortized using the straight-line method, based on the estimated useful lives
of the intangible assets as follows:</font></p>

<p style="background:white;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:93.06%;">
 <tr>
  <td valign=bottom width=73% 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=26% 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;">Years</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=73% style="background:#c6d9f1;padding:0in 0in 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;">Software</font></p>
  </td>
 <td valign=bottom width=26% 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;">3-6</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=73% 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;">License</font></p>
  </td>
 <td valign=bottom width=26% 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;">3-20</font></p>
  </td>
 <td valign=top width=1% 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>
 </tr>
<tr>
  <td valign=bottom width=73% style="background:#c6d9f1;padding:0in 0in 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 intangible assets</font></p>
  </td>
 <td valign=bottom width=26% 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;">1-30</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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 style="background:white;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;">Intangible assets are
derecognized on disposal, or 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
</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;">tatement of profit or loss and other
comprehensive income. </font></p>

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

<p style="background:white;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;">l.&#160;&#160;&#160; Property
and equipment</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Property and equipment are stated at
cost less accumulated depreciation and
impairment losses.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></i></p>

<p style="background:white;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 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="background:white;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="background:white;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;">Property and equipment,
except land rights, are depreciated using the straight-line method based on the
estimated useful lives of the assets as follows:</font></p>

<p style="background:white;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:93.06%;">
 <tr>
  <td valign=top width=73% 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=bottom width=26% 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;">Years</font></b></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>
 </tr>
<tr>
  <td valign=bottom width=73% style="background:#c6d9f1;padding:0in 0in 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;">Buildings</font></p>
  </td>
 <td valign=bottom width=26% 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;">15-40</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=bottom width=73% 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;">Leasehold improvements</font></p>
  </td>
 <td valign=bottom width=26% 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;">2</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-15&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>
 </tr>
<tr>
  <td valign=bottom width=73% style="background:#c6d9f1;padding:0in 0in 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;">Switching equipment</font></p>
  </td>
 <td valign=bottom width=26% 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;">3-</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">15&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=bottom width=73% 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;">Telegraph, telex and data communication equipment</font></p>
  </td>
 <td valign=bottom width=26% 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;">5-15</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>
 </tr>
<tr>
  <td valign=bottom width=73% style="background:#c6d9f1;padding:0in 0in 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;">Transmission installation and equipment</font></p>
  </td>
 <td valign=bottom width=26% 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;">3-25</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=bottom width=73% 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;">Satellite, earth station and equipment</font></p>
  </td>
 <td valign=bottom width=26% 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;">3</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-20&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>
 </tr>
<tr>
  <td valign=bottom width=73% style="background:#c6d9f1;padding:0in 0in 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;">Cable network</font></p>
  </td>
 <td valign=bottom width=26% 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;">5</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-25&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=bottom width=73% 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;">Power supply</font></p>
  </td>
 <td valign=bottom width=26% 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;">3-20</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>
 </tr>
<tr>
  <td valign=bottom width=73% style="background:#c6d9f1;padding:0in 0in 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;">Data processing equipment</font></p>
  </td>
 <td valign=bottom width=26% 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;">3-20</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=bottom width=73% 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 peripherals</font></p>
  </td>
 <td valign=bottom width=26% 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;">5</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>
 </tr>
<tr>
  <td valign=bottom width=73% style="background:#c6d9f1;padding:0in 0in 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;">Office equipment</font></p>
  </td>
 <td valign=bottom width=26% 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;">2-5</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=bottom width=73% 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;">Vehicles</font></p>
  </td>
 <td valign=bottom width=26% 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;">4-8</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>
 </tr>
<tr>
  <td valign=bottom width=73% style="background:#c6d9f1;padding:0in 0in 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;">Asset Customer Premise</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 style="font-size:10.0pt;"> Equipment (&#8220;CPE&#8221;)</font></p>
  </td>
 <td valign=bottom width=26% 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;">4-5</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=bottom width=73% 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 equipment</font></p>
  </td>
 <td valign=bottom width=26% 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;">2-</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">5&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>
 </tr>
</table></div>

<p style="background:white;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="background:white;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;">Significant expenditures related to
leasehold improvements are capitalized and depreciated over the lease term.</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 lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>



<div style="">



<div align=left><table cellpadding=0 cellspacing=0 border=0>
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  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">20</font></p>

  </td>
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</table></div>



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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_25"></a><a name="_bclPageBorder25"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">l.&#160;&#160;&#160; Property
and equipment</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
(continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The residual value of an asset is the
estimate</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> amount that t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Group</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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="background:white;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="background:white;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;">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="background:white;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="background:white;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;">Major spare parts and
standby equipment that are expected to be used
for more than 12 months are recorded as part of property and equipment. </font></p>

<p style="background:white;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="background:white;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;">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 </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;">tatement
of profit or loss and other comprehensive income.</font></p>

<p style="background:white;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="background:white;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;">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="background:white;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="background:white;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 cost of maintenance
and repairs is charged to the consolidated </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;">tatement
of profit or loss and other comprehensive income as incurred. Significant
renewals and betterments are capitalized.</font></p>

<p style="background:white;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="background:white;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;">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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">m.&#160; Leases </font></b></p>

<p style="background:white;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="background:white;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 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 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="background:white;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="background:white;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;">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 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;"> added to the amount recognized as
assets.</font></p>

<p style="background:white;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="background:white;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;">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="background:white;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>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;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:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">m.&#160; Leases </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="background:white;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="background:white;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;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Group will obtain ownership by the
end of the lease term, the leased assets are fully depreciated over the shorter
of the lease terms and their economic useful lives.</font></p>

<p style="background:white;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="background:white;margin-bottom:0in;margin-left:.5in;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;">&#160;&#160;&#160;&#160;&#160; 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 align=left style="background:white;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;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;">n.&#160;&#160; Deferred
charges - land
rights</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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="background:white;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;">C</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">osts incurred to process the initial
legal land rights are recognized as part of the property and equipment and are
not amortized</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;">Costs incurred to process the
extension or renewal of legal land rights are deferred and amortized over the
shorter of the</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
legal</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> term of the land
rights or the economic life of the land.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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>

<p style="background:white;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;">o.&#160;&#160; Trade
payables</font></b></p>

<p style="background:white;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>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; Trade
payables are obligations to pay for goods or services that have been acquired </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">from suppliers </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">in the ordinary course of business.
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="background:white;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:4.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; Trade
payables are recognized initially at fair value and subsequently measured at
amortized cost using the effective interest rate method.</font></p>

<p style="background:white;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="background:white;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;">p.&#160;&#160; Borrowings</font></b></p>

<p style="background:white;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>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; 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 </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;">tatement of profit or loss and other
comprehensive income over the period of the borrowings using the effective
interest method.</font></p>

<p style="background:white;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>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; 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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">n down</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. 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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">&nbsp;</font></b></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_27"></a><a name="_bclPageBorder27"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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="background:white;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="background:white;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;line-height:97%;">q.&#160;&#160; Foreign
currency translations</font></b></p>

<p style="background:white;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;line-height:97%;">&nbsp;</font></p>

<p style="background:white;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 functional currency
and the recording currency of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">are
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">maintained in U.S. dollars</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and Telekomunikasi Indonesia
International, Pty. Ltd., Australia whose accounting records is maintained in
Australian dollars</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. 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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (in full amount)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:8.0pt;line-height:97%;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=top width=27% 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 style="font-size:10.0pt;">March 31, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2016&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 lang=IN style="font-size:10.0pt;">&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-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;">December 31, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2015&nbsp;</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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;">Buy</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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:10.0pt;">Sell</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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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;">Buy</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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-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;">Sell</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">U.S</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;"> dollar (&#8220;US$&#8221;)
  1</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">13,255</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">13,265</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">13,780</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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;">13,790</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Australian dollar</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> (&#8220;AU$&#8221;) 1</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">10,167</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">10,180</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">10,076</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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;">10,092</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Euro 1</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">10,051</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">15,066</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">15,049</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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;">15,064</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Yen 1</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">118.00</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">118.00</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">114.47</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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;">114.56</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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;line-height:97%;">&nbsp;</font></p>

<p style="background:white;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:97%;">The
resulting foreign exchange gains or losses, realized and unrealized, are
credited or charged to the consolidated </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">s</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">tatement
of profit or loss and other 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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;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;line-height:97%;">r.&#160;&#160;&#160; Revenue
and expense recognition</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;line-height:97%;">&nbsp;</font></b></p>

<p style="background:white;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;line-height:97%;">i.&#160;&#160;&#160; Cellular
and fixed wireless telephone revenues </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;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;line-height:97%;">Revenues
from postpaid service, which consist of usage and monthly charges, are
recognized as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:97%;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:97%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">Airtime and
charges for value added services are recognized based on usage by subscribers.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;line-height:97%;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:97%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">Monthly
subscription charges are recognized as revenues when incurred by subscribers.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;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;line-height:97%;">Revenues
from prepaid service, which consist of the sale of starter packs
(also&nbsp;known as SIM cards and start-up load vouchers) and pulse reload
vouchers, are recognized initially as unearned income and recognized as revenue
based on 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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;line-height:97%;">&nbsp;</font></b></p>

<p style="background:white;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;line-height:97%;">ii.&#160;&#160;&#160; Fixed
line telephone revenues</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;line-height:97%;">&nbsp;</font></i></p>

<p style="background:white;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;line-height:97%;">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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;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;line-height:97%;">R</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">evenue</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">s from fixed line installations are
deferred and recognized as revenue </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">on the straight-line basis</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;"> over the expected term of the customer relationships.
Based on reviews of historical information and customer trends, the Company
determined the term of the customer relationships </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">is </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">18 years. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">Starting
2015, revenues from fixed line installation are not deferred, and recognized as
revenue when received as </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;line-height:97%;">the
amount</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;"> is not
significant. </font></p>

<p style="background:white;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;line-height:97%;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">&nbsp;</font></b></p>

<p style="background:white;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;line-height:97%;">r.&#160;&#160;&#160; Revenue
and expense recognition</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">
(continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">&nbsp;</font></b></p>

<p style="background:white;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;">iii.&#160;&#160; Interconnection revenues </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>

<p style="background:white;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;">R</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he
Group&#8217;</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;">subscribers (incoming) and calls
between subscribers of other operators through </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he
Group&#8217;</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;"> network (transit). </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">&nbsp;</font></b></p>

<p style="background:white;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;">iv.&#160;&#160; Data,
internet and information technology service revenues </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;">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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;">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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;">Revenue
from computer software development service is recognized using the
percentage-of-completion method.</font></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;">v.&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Network revenues</font></p>

<p style="background:white;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=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;">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>

<p style="background:white;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=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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:10.0pt;">vi.&#160;&#160; Other
telecommunications revenues</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;">Revenues
from sales of handsets or other telecommunication equipment are recognized when
delivered to customers. </font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;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="background:white;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=EN-US style="font-size:10.0pt;">Revenues
from tower lease are recognized on straight-line basis over the lease period in
accordance with the agreement with the customers.</font></p>

<p style="background:white;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=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=#212121 face=arial,sans-serif lang=EN-US style="background:white;font-size:10.0pt;">Revenues from other telecommunications services
are recognized when services are rendered to customers.</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_29"></a><a name="_bclPageBorder29"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">2.&#160;&#160; SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;line-height:97%;">&nbsp;</font></b></p>

<p style="background:white;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;line-height:97%;">r.&#160;&#160;&#160; Revenue
and expense recognition</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">
(continued)</font></b></p>

<p style="background:white;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=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">v</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;">i.&#160; Multiple-element
arrangements</font></p>

<p style="background:white;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:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; 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="background:white;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="background:white;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</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ii. Agency
relationship</font></p>

<p style="background:white;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="background:white;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;">Revenues from an agency
relationship are recorded based on the gross amount billed to the customers
when </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Group act</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;">
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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">when,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> in substance, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he
Group </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">has </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">act</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;"> as agents and earned commission from the suppliers of
the goods and services
sold.</font></p>

<p style="background:white;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="background:white;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></p>

<p style="background:white;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:6.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:.75in;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;">&#160; The Group operates
a loyalty programme, which allows customers to accumulate points for every
certain multiple of the telecommunication services usage. The points can be
rede</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">e</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">med in the
future for free or discounted products or services, provided other qualifying
conditions are achieved.</font></p>

<p style="background:white;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:7.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p style="background:white;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="background:white;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:7.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p style="background:white;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="background:white;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:6.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; 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.&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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;">s.&#160;&#160; Employee
benefits</font></b></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></i></p>

<p style="background:white;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;">.&#160;&#160;&#160; Short-term
employee benefits</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.6pt;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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</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;">.&#160;&#160;&#160; Post-employment
benefit plans and other long-term employee benefits </font></p>

<p style="background:white;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="background:white;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;">Post-employment benefit plans consist
of funded and unfunded defined benefit pension plans, defined contribution
pension plan, other post-employment benefits, post-employment health care
benefit plan, defined contribution health care benefit plan and obligations
under the Labor Law. </font></p>

<p style="background:white;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="background:white;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;">Other long-term employee benefits
consist of Long Service Awards (&#8220;LSA&#8221;), Long Service Leave (&#8220;LSL&#8221;), and
pre-retirement benefits.</font></p>

<p style="background:white;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="background:white;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 cost of providing benefits under
post-employment benefit plans and other long-term employee benefits calculation
is performed by an independent actuary using the projected unit credit method.</font></p>

<p align=left style="background:white;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="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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="background:white;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:6.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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;">s.&#160;&#160; Employee
benefits (continued)</font></b></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></i></p>

<p style="background:white;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</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;">.&#160;&#160;&#160; Post-employment
benefit plans and other long-term employee benefits (continued)</font></p>

<p style="background:white;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="background:white;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 plans 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. 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 are no deep markets for high
quality corporate bonds.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.55pt;text-align:justify;"><font color=#212121 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Plan assets are assets
owned by defined benefit pension and post-retirement health care benefits as
well as qualifying insurance policy. The assets measured at their fair value as
of reporting dates. The fair value of qualifying insurance policy is deemed to
be the present value of the related obligations (subject to any reduction
required if the amounts receivable under the insurance policies are not
recoverable in full).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.55pt;text-align:justify;"><font color=#212121 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.55pt;text-align:justify;"><font color=#212121 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Remeasurement,
comprising of actuarial gain and losses, the effect of the asset ceiling
(excluding amounts included in net interest on the net defined benefit
liability (asset)) and the return on plan assets (excluding amounts included in
net interest on the net defined benefit liability (asset)) are recognized
immediately in the consolidated statements of financial position with a
corresponding debit or credit to retained earnings through OCI in the period in
which they occur. Remeasurements are not classified to profit or loss in
subsequent periods.</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.55pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">P</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ast </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">service costs are recogni</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">z</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ed immediately in</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> profit or loss on the earlier of: </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:67.5pt;text-align:justify;text-indent:-13.35pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">The date of plan amendment or
curtailment; and</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:67.5pt;text-align:justify;text-indent:-13.35pt;"><font color=windowtext face=symbol lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">The date that the Group recognized
restructuring-related costs</font></p>

<p style="background:white;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;layout-grid-mode:char;">&nbsp;</font></p>

<p style="background:white;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;layout-grid-mode:char;">Net
interest is calculated by applying the discount rate to the net defined benefit
liability or assets.</font></p>

<p style="background:white;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;layout-grid-mode:char;">&nbsp;</font></p>

<p style="background:white;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;">Gain 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 as that a material element of
future services to be provided by current employees will no longer qualify for
benefits, or will qualify only for reduced benefits.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">Gain or losses on
settlement are recognized when there is a transaction that eliminates all
further legal or constructive obligation for part or all of the benefits
provided under a defined benefit plan</font><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font></b><font color=#212121 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(other
than the payment of benefit in accordance with the program and included in the
actuarial assumptions).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;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="background:white;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 personnel expenses as they become
payable.</font></p>

<p style="background:white;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="background:white;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;">iii</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;&#160; Share-based
payments </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></i></p>

<p style="background:white;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 are compensated with the Company&#8217;s shares is recognized
as an expense in the consolidated statements of profit or loss and other
comprehensive income and credited to additional paid-in capital at the grant
date.</font></p>

<p style="background:white;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;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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;">s.&#160;&#160; Employee
benefits</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
(continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">iv.&#160;&#160; Early retirement
benefits</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=black face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></i></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Early retirement benefits
are accrued at the time the Company </font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">and subsidiaries </font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">makes a commitment to
provide early retirement benefits as a result of an offer made in order to
encourage voluntary redundancy. A commitment to a termination arises when, and
only when a detailed formal plan for the early retirement cannot be withdrawn.</font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></i></p>

<p align=left style="background:white;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="background:white;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="background:white;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
statements of profit or loss and other 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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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="background:white;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="background:white;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 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.</font></p>

<p style="background:white;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="background:white;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 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="background:white;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="background:white;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:1.0pt;">&nbsp;</font></i></p>

<p style="background:white;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;">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="background:white;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="background:white;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;">Amendment to tax obligation is
recorded when an </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">assessment
letter (&#8220;Surat Ketetapan Pajak&#8221; or &#8220;SKP&#8221;)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
is received or if appealed against, when the results of the appeal are
determined. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The
additional tax</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">es&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and penalty imposed through </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">an SKP are </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">recogni</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">z</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ed
in the current </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">year profit
or loss</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, unless </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">objection/appeal </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">is </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">taken</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;">additional </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&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and penalty imposed through </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;">SKP are deferred as long as </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">they </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">meet the asset recognition criteria. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Final
income tax </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">on&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> construction services</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;"> and lease</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> are presented as part of </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">&#8220;O</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ther </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">E</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">xpenses</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">&#8221;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;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;">u.&#160;&#160; Financial
instruments </font></b></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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 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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:left;text-indent:-.25in;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Financial assets </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 classifies </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">its&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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 align=left style="background:white;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:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">u.&#160;&#160; Financial
instruments </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:left;text-indent:-.25in;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Financial assets </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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&#8217;s financial
assets include cash and cash equivalents, other current financial assets, trade
receivables and other receivables
and other non-current
financial assets.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;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;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Financial assets at fair value through
profit or loss</font></p>

<p style="background:white;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="background:white;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;">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 </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;">tatement of profit or loss and other
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 &#8220;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">O</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ther
</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;">urrent </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">F</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">inancial
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">A</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ssets&#8221;&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> in the consolidated statement of
financial position</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><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;">Loans and receivables</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Loans and receivables are
non-derivative financial assets with fixed or determinable payments that are
not quoted in an active market.</font></p>

<p style="background:white;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:3.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Loans and receivables
consist of, among other things, cash and cash equivalents, other current
financial assets</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;">trade and other
receivables, and other non-current assets</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (long-term trade receivables and restricted cash)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;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;">These are initially recognized
at fair value including transaction costs and subsequently measured at
amortized cost, using the effective interest method.</font></p>

<p style="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;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="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;">Held-to-maturity financial assets</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Held-to-maturity
investments are non-derivative financial assets with fixed or determinable
payments and fixed maturities on which management has the positive intention
and ability to hold to maturity, other than:</font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.25in;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;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">those that the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> upon initial recognition, designates as at fair value
through profit or loss;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.25in;text-align:justify;text-indent:-.25in;"><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;">those that the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> designates as available-for-sale; and</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.25in;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="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;">those that meet the definition of
loans and receivables.</font></p>

<p style="background:white;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="background:white;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;">No financial assets were
classified as held-to-maturity financial assets as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;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="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;">Available-for-sale financial assets</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Available-for-sale
investments are non-derivative financial assets that are intended to be held
for indefinite periods 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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">available-for-sale
securities </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">which are
recorded as </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">part
of &#8220;O</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ther </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;">urrent </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">F</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">inancial
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">A</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ssets&#8221;&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> in the consolidated statement of
financial position.</font></p>

<p style="background:white;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>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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=X-NONE style="font-size:10.0pt;">2.&#160;&#160; SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:3.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">u.&#160;&#160; Financial
instruments (continued)</font></b></p>

<p style="background:white;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:5.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:left;text-indent:-18.6pt;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Financial assets
(continued)</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;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="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;">Available-for-sale financial assets</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;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="background:white;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;">Available-for-sale
securities are stated at fair value. Unrealized holding gain 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 statement of financial position until realized. Realized gain or
losses from the sale of available-for-sale securities are recognized in the consolidated
statement of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">profit
or loss and other </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">comprehensive
income, and are determined on the specific identification basis. </font></p>

<p style="background:white;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=X-NONE style="font-size:6.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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;">ii.&#160;&#160;&#160; Financial
liabilities </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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 classifies its
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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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&#8217;s financial
liabilities include trade and other payables, accrued expenses, loans and other
borrowings</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, and
other liabilities. Loans and other borrowings </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">consist of short-term bank loans, two-step loans, bonds
and notes, long-term bank loans</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
and </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">obligations under </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">finance&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> leases.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;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;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Financial liabilities at fair value
through profit or loss</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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 it in the near
term and for which there is evidence of a recent actual pattern of short-term
profit taking. </font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">No financial liabilities
were categorized as held for trading as of March 31, 2016 and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><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;">Financial liabilities measured at
amortized cost</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">and </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">other payables, accrued expenses,
loans</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and other
borrowings, and&#160; other liabilities. Loans and other borrowings consist of
short-term bank loans, two-step loans, bonds and notes,</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> long-term</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> bank loans and obligations under
finance leases.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; iii.&#160;&#160; Offsetting financial
instruments</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:55.3pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 them on a net basis, or
realize the assets and settle the liabilities simultaneously. The
right of set-off must not be contingent on a future event and must be legally
enforceable in all of the following circumstances:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:55.3pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:78.3pt;text-align:justify;text-indent:-22.5pt;"><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;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the normal course of business;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:78.3pt;text-align:justify;text-indent:-22.5pt;"><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;">the event of default; and</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:78.3pt;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.</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;">the event of insolvency or bankruptcy
of the Group and all of the counterparties.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:55.8pt;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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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=X-NONE style="font-size:10.0pt;">2.&#160;&#160; SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)</font></b></p>

<p align=left style="background:white;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:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">u.&#160;&#160; Financial
instruments (continued)</font></b></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:left;text-indent:-.25in;"><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;">Fair value of
financial instruments</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:.55pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:18.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<p style="background:white;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 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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;">An analysis of fair values
of financial instruments and further details as to how they are measured are
provided in Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">38</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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; Impairment of
financial assets</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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 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
assets. 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="background:white;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;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">For financial
assets carried at amorti</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">z</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ed cost, the Group first
assesses whether impairment exists individually for financial assets that are
individually significant, or collectively for financial assets that are not
individually significant. If the Group determines that no objective evidence of
impairment exists for an individually assessed financial asset, whether
significant or not, it includes the asset in a group of financial assets with
similar credit risk characteristics and collectively assesses them for
impairment. Assets that are individually assessed for impairment and for which
an impairment loss is, or continues to be, recogni</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">z</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ed are not included in </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> collective assessment of impairment.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">The amount of any
impairment loss identified is measured as the difference between the asset&#8217;s
carrying amount and the present value of estimated future cash flows (excluding
future expected credit losses that have not yet been incurred). The present
value of the estimated future cash flows is discounted at the financial asset&#8217;s
original effective interest rate. The carrying amount of the asset is reduced
through the use of an allowance account and the loss is recogni</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">z</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ed in profit or loss.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">For </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">available-for-sale </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">financial assets, the Group
assesses at each reporting date whether there is objective evidence that an
investment or a group of investments is impaired. 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><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">vi.&#160;&#160; Derecognition of
financial instrument</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 derecognize</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;"> a financial asset when the
contractual rights to the cash flows from the financial asset expire, or when </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Group transfer</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;">substantially
all the risks and rewards of ownership of the financial asset. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 derecognize</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;"> a financial liability when the
obligation specified in the contract is discharged or cancelled or expired.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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;">v.&#160;&#160; Treasury
stock</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;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="background:white;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;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
at grand date</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. 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="background:white;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="background:white;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;">w.&#160;&#160; Dividends</font></b></p>

<p style="background:white;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:5.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">Dividend </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">supported by the</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> approval from the Board of
Commissioners.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">x.&#160;&#160; Basic
earnings per share and earnings per ADS</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Basic earnings per share
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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 does not have
potentially dilutive financial investments.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">y.&#160;&#160; Segment
information</font></b></p>

<p style="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 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 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;"> chief operating decision maker i.e., </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;">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="background:white;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="background:white;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;">z.&#160;&#160; Provision</font></b></p>

<p style="background:white;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:4.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=#212121 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Provisions
are recognized when the Group has present obligations (legal or constructive)
arising from past events and it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligations and the
amount can be measured reliably.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=#212121 face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=#212121 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Provisions
for onerous contracts are recognized when the contract becomes onerous for the
lower of the cost of fulfilling the contract and any compensation or penalties
arising from failure to fulfill the contract.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:4.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">aa.&#160; Impairment
of non-financial assets</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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 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="background:white;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="background:white;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 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 (&#8220;VIU&#8221;). 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="background:white;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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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_36"></a><a name="_bclPageBorder36"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="background:white;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="background:white;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;">aa.&#160; Impairment
of non-financial assets</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
(continued)</font></b></p>

<p style="background:white;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="background:white;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 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="background:white;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="background:white;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;">Impairment losses of
continuing operations are recognized </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">in&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
profit or loss under &#8220;Depreciation and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">A</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">mortization&#8221;
in the consolidated </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;">tatement</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;">
of profit or loss and other comprehensive income.</font></p>

<p style="background:white;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="background:white;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;">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 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;">
other than goodwill</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;"> 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 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;">
other than goodwill</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;"> 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="background:white;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="background:white;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;">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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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>

<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;">a</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160;&#160;&#160;&#160;&#160; Critical Accounting Estimates
and Judgements</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:37.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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="background:white;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="background:white;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 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="background:white;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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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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. </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</font></b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;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="background:white;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=arial,sans-serif lang=IN style="font-size:10.0pt;">b</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. Critical accounting estimates and
judgements</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
(continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.&#160;&#160;&#160; Retirement
benefits</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">G</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">overnment 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">If there is an improvement
in the ratings of such </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">G</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">overnment 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.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Other key assumptions for
retirement benefit obligations are based in part on current market conditions.
Additional information is disclosed in Notes </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">30 and 31</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ii.&#160;&#160; Useful
lives of property and equipment </font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:6.0pt;margin-left:53.85pt;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:97%;">The Group estimate the useful
lives of their property and equipment 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="background:white;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:97%;">The
Group review estimates of useful lives at least each financial year end and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">such
estimates </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">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 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&#160; 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="background:white;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:5.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:53.85pt;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:97%;">Details
of the nature and carrying amount of property and equipment are disclosed in
Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:97%;">9</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:97%;">.&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:53.85pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">iii.&#160; Provision
for impairment of receivables</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></i></b></p>

<p style="background:white;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 assess</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">es&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
are </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">iv.&#160; Income
taxes</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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 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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; CASH AND CASH EQUIVALENTS </font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The breakdown of cash and cash
equivalents is as follows:</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN 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:96.52%;">
 <tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">March 31, 2016</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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">December 31, 2015</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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">Balance</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:7.0pt;">&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:7.0pt;">Balance</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">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:7.0pt;">(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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">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:7.0pt;">&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:7.0pt;">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:7.0pt;">(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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">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 lang=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">Cash
  on hand</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">61</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">10</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 lang=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Cash
  in banks</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Related
  parties</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=SV style="font-size:7.0pt;">PT
  Bank Mandiri
  (Persero)
  Tbk (&#8220;Bank Mandiri&#8221;)</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">862</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">672</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">36</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">482</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">51</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">707</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">JPY</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">11</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">11</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">EUR</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">9</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">8</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">HKD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">AUD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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 lang=IN style="font-size:7.0pt;">0</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=SV style="font-size:7.0pt;">PT
  Bank Negara Indonesia (Persero) Tbk (&#8220;BNI&#8221;)</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">396</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">508</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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">12</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">155</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">22</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">299</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">EUR</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">5</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">72</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">5</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">72</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">SGD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=SV style="font-size:7.0pt;">PT
  Bank Rakyat Indonesia (Persero) Tbk (&#8220;BRI&#8221;)</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">167</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">140</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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">4</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">11</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">155</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=SV style="font-size:7.0pt;">Others</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">19</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">14</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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Sub-total</font></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;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,214</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">,</font><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">577&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=DE style="font-size:7.0pt;">Third
  parties</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=SV style="font-size:7.0pt;">Standard
  Chartered Bank (&#8220;SCB&#8221;)</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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:7.0pt;">0</font></p>
  </td>
 </tr>
<tr style="height:9.9pt;">
  <td valign=bottom width=36% style="background:#c6d9f1;height:9.9pt;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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:9.9pt;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:7.0pt;">US$</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:9.9pt;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:9.9pt;padding: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:7.0pt;">21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:9.9pt;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:9.9pt;padding: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:7.0pt;">282</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:9.9pt;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:9.9pt;padding: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:7.0pt;">31</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:9.9pt;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;height:9.9pt;padding: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:7.0pt;">430</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:9.9pt;padding: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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">SGD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">3</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">13</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">PT
  Bank Muamalat
  Indonesia
  Tbk (&#8220;Bank Muamalat&#8221;)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">140</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">61</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=SV style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">27</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">373</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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">The
  Hongkong and Shanghai Banking Corporation Ltd. (&#8220;HSBC&#8221;)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">8</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">112</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">8</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">110</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">HKD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">5</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">9</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">10</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">18</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">SGD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">6</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">Citibank,
  N.A. (&#8220;Citibank&#8221;)</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">16</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">103</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">3</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">46</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">2</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">26</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">EUR</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">2</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">4</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">PT
  Bank Permata (&#8220;Bank Permata&#8221;)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">13</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">12</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">7</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">93</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">Others
  (each below Rp75 billion)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">164</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">86</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">US$</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">14</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">15</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">EUR</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">AUD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">13</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">TWD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">13</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">5</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">19</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">8</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">MYR</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">HKD</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">MOP</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">927</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">,</font><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">278&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 lang=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Total
  cash in banks</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3,141</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">3,855</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Time
  deposits</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Related
  parties</font></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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">BNI</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">5,856</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">3,031</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">BRI</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">1,945</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">2,831</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">Bank
  Mandiri</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">1,354</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">2,863</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">PT
  Bank Tabungan Negara (Persero) Tbk (&#8220;Bank BTN&#8221;)</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,379</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">885</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">15,152</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">12,45</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1&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 lang=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;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>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">34</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CASH AND CASH EQUIVALENTS (continued)</font></b></p>

<p style="background:white;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;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">March 31, 2016</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:7.0pt;">&nbsp;</font></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:7.0pt;">December 31, 2015</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">Balance</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 lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">Balance</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:-.15in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">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:7.0pt;">(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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">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:7.0pt;">(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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Time deposits
  (continued)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Third parties</font></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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">PT Bank Pembangunan
  Daerah Jawa Barat dan Banten (&#8220;BJB&#8221;)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">3,571</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">1,884</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">US$</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">15</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">192</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">10</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">138</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">PT Bank OCBC NISP
  Tbk (&#8220;OCBC NISP&#8221;)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">3,538</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">950</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">PT Bank Bukopin Tbk (&#8220;Bank
  Bukopin&#8221;)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">2,466</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">1,173</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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:7.0pt;">&nbsp;</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:7.0pt;">43</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:7.0pt;">&nbsp;</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:7.0pt;">568</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:7.0pt;">&nbsp;</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:7.0pt;">55</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:7.0pt;">&nbsp;</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:7.0pt;">759</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">PT Bank Mega Tbk
  (&#8220;Bank Mega&#8221;)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">1,452</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">1,265</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">US$</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">37</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">493</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">70</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">960</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=SV style="font-size:7.0pt;">Bank Permata</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">2,319</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">1,692</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">PT Bank UOB
  Indonesia (&#8220;UOB&#8221;)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">1,175</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">300</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">SCB</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">550</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">PT Bank CIMB Niaga
  Tbk (&#8220;Bank CIMB Niaga&#8221;)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">620</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">1,605</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">PT Bank Tabungan
  Pensiunan Nasional </font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Tbk </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(&#8220;BTPN&#8221;)&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">179</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">146</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">Bank Muamalat</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">117</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">142</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">US$</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">15</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">199</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">BTN</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">140</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">PT Bank Danamon Tbk
  Indonesia (&#8220;Bank Danamon&#8221;)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">101</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">71</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">PT </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Bank Panin</font><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:7.0pt;"> Tbk (&#8220;Bank </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Panin</font><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:7.0pt;">&#8221;)&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">85</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">91</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=IN style="font-size:7.0pt;">PT Bank Maybank
  Indonesia (&#8220;Bank Maybank&#8221;)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">75</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">25</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">Others (each below
  Rp75 billion)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">Rp</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">-</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">93</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Sub-total</font></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;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">17,383</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:7.0pt;">11,801</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=IN style="font-size:7.0pt;">Total time deposits</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:7.0pt;">32,535</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:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">24,25</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">2&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">Grand Total</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:7.0pt;">&nbsp;</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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:7.0pt;">&nbsp;</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:7.0pt;">35,737</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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:7.0pt;">&nbsp;</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">28,117</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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;">Interest rates per annum
on time deposits are as follows:</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <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 lang=IN 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 lang=IN style="font-size:10.0pt;">March 31, </font></b><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:10.0pt;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&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;"><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 lang=IN style="font-size:10.0pt;">December 31, 2015</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>
 </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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3.25%-10.00%</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% 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;">3.75%-10.50%</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></sup></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;">Foreign currencies</font></p>
  </td>
 <td valign=bottom width=20% 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;">0.10%-2.50%</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>
 <td valign=bottom width=20% 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;">0.10%-3.00%</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>
</table></div>

<p style="background:white;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="background:white;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 related parties in
which </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Group place</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;">
its funds are state-owned banks. The Group placed the 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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">State</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;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 32 for
details of related party transactions. </font></p>

<p style="background:white;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="background:white;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;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:4.0pt;">&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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">35</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><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;">.&#160;&#160; OTHER
CURRENT FINANCIAL ASSETS </font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font></b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The breakdown of
other current financial assets is as follows:</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">March 31, 2016</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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">December 31, 2015</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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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:7.0pt;">Balance</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></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:7.0pt;">Balance</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">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:7.0pt;">(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:7.0pt;">&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:7.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">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:7.0pt;">(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:7.0pt;">&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:7.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Time
  deposits</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Related
  parties</font></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">Bank
  Mandiri</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">20</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">267</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:7.0pt;">&nbsp;</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:7.0pt;">20</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">278</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Third
  parties</font></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;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">SCB</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">1</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">11</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:7.0pt;">&nbsp;</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:7.0pt;">1</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">11</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Total
  time deposits</font></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;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">278</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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=SV style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">289</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Available-for-sale
  financial assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Related
  parties</font></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">State-owned
  enterprises</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">4</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">56</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:7.0pt;">&nbsp;</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:7.0pt;">4</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">59</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="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 lang=SV style="font-size:7.0pt;">Government</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">US$</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">2</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">2</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">29</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">84</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:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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:7.0pt;">88</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Third
  parties</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">75</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">72</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Total
  available-for-sale financial assets</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">159</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:7.0pt;">&nbsp;</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=SV style="font-size:7.0pt;">&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 lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">160</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Escrow
  accounts</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">2,121</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">2,121</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">2</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">20</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:7.0pt;">&nbsp;</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:7.0pt;">3</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:7.0pt;">&nbsp;</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:7.0pt;">41</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=SV style="font-size:7.0pt;">Others</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=SV style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">193</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">192</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">US$</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">0</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">1</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:7.0pt;">&nbsp;</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:7.0pt;">0</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:7.0pt;">&nbsp;</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:7.0pt;">1</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">AUD</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">1</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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">14</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">1</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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">14</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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 lang=SV style="font-size:7.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=12% 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 lang=SV style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">2,786</font></b></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:7.0pt;">&nbsp;</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;"><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,818</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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;">The majority of escrow accounts
represent Telkomsel&#8217;s account in BNI, in relation to the Conditional Business
Transfer Agreement between Telkomsel and the Company (Note 3</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">5</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c.ii).&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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 t</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ime deposits </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">have </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">maturities of more than three months
but not more than one year, with interest rates</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> as follows:</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=windowtext face=Arial,sans-serif lang=SV 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 lang=IN style="font-size:10.0pt;">March 31, </font></b><b><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:10.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">6&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;"><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 lang=IN style="font-size:10.0pt;">December 31, 2015</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Foreign currencies</font></p>
  </td>
 <td valign=bottom width=20% 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;">0.8</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">%-</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1.00</font><font color=windowtext face=Arial,sans-serif lang=IN 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 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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">0.85%-</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">0.88</font><font color=windowtext face=Arial,sans-serif lang=IN 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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;">Refer to Note 3</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> for details of
related party transactions.</font></p>

<p style="background:white;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="background:white;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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 <tr>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">36</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5</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;text-transform:uppercase;">TRADE AND OTHER RECEIVABLES</font></b></p>

<p style="background:white;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:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.2pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The breakdown of trade and
other receivables is as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:.2pt;"><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:96.52%;">
 <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 lang=IN 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 lang=IN style="font-size:10.0pt;">March
  31, 2016</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=IN 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 lang=IN style="font-size:10.0pt;">December
  31,2015</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=IN 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;">Trade receivables</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;">11</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;">710&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 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;">10,565</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 lang=IN style="font-size:10.0pt;">Provision
  for impairment of receivables</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;">(2</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;">841&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 lang=IN style="font-size:10.0pt;">)</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;">(3,048</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>
 </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;">Net</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;">8</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;">869&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 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;">7</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;">517&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 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;">Other 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;">845</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 lang=IN style="font-size:10.0pt;">358</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;">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;">(3</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 lang=IN style="font-size:10.0pt;">(3</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>
 </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</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;">842</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 lang=IN style="font-size:10.0pt;">355</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 lang=IN style="font-size:10.0pt;">Total
  </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">trade and other </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">receivables&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 lang=IN style="font-size:10.0pt;">9</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">711&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: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 lang=IN style="font-size:10.0pt;">7</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">872&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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:12.0pt;">&nbsp;</font></sup></p>

<p style="background:white;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 receivables arise
from services provided to both retail and non-retail customers, with details as
follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">a.&#160;&#160; By
debtor</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&#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></p>

<p style="background:white;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;">(i)</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;">Related parties</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;margin-right:0pt;margin-top:0in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">March
  31, 2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">December
  31, 2015</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;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;">PT
  Indosat Tbk (&#8220;Indosat&#8221;)</font></p>
  </td>
 <td valign=bottom width=22% 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;">445</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=22% 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;">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=54% 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;">Indonusa</font></p>
  </td>
 <td valign=bottom width=22% 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;">367</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=22% 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;">342</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=54% style="background:#c6d9f1;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;">State-owned
  enterprises</font></p>
  </td>
 <td valign=bottom width=22% 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;">352</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=22% 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;">270</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=54% 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;">Others</font></p>
  </td>
 <td valign=bottom width=22% 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;">277</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=22% 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;">378</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=54% style="background:#c6d9f1;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;">Total</font></p>
  </td>
 <td valign=bottom width=22% 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;">1,441</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=22% 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;">1,351</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=54% 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;">Provision
  for impairment of receivables</font></p>
  </td>
 <td valign=bottom width=22% 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;">(88</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=22% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Net</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">1,353</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">1,104</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 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=IN 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=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&#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; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)&#160;&#160; Third </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">parties&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;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=IN style="font-size:10.0pt;">&#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:.75in;width:89.58%;">
 <tr style="height:12.25pt;">
  <td valign=bottom width=54% style="height:12.25pt;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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:12.25pt;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 lang=IN style="font-size:10.0pt;">March
  31, 2016</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:12.25pt;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 lang=IN style="font-size:10.0pt;">December
  31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:12.25pt;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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.25pt;">
  <td valign=bottom width=54% style="background:#c6d9f1;height:12.25pt;padding:0in 0in 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;">Individual and
  business subscribers</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;height:12.25pt;padding:0in 0in 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;">9,163</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.25pt;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=22% style="background:#c6d9f1;height:12.25pt;padding:0in 0in 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;">8,020</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.25pt;padding:0in 0in 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:12.25pt;">
  <td valign=bottom width=54% style="height:12.25pt;padding:0in 0in 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;">Overseas
  international carriers</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:12.25pt;padding:0in 0in 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;">1,106</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.25pt;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=22% style="border-bottom:solid windowtext 1.0pt;height:12.25pt;padding:0in 0in 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;">1,194</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.25pt;padding:0in 0in 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:12.25pt;">
  <td valign=bottom width=54% style="background:#c6d9f1;height:12.25pt;padding:0in 0in 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=22% style="background:#c6d9f1;height:12.25pt;padding:0in 0in 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;">10,269</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.25pt;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=22% style="background:#c6d9f1;height:12.25pt;padding:0in 0in 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;">9,214</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.25pt;padding:0in 0in 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:12.25pt;">
  <td valign=bottom width=54% style="height:12.25pt;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;">Provision
  for impairment of receivables</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;height:12.25pt;padding: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;">(2,753</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.25pt;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=22% style="border-bottom:solid windowtext 1.0pt;height:12.25pt;padding: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;">(2,801</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.25pt;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>
 </tr>
<tr style="height:12.25pt;">
  <td valign=bottom width=54% style="background:#c6d9f1;height:12.25pt;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 lang=IN style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:12.25pt;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;">7,516</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.25pt;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=22% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:12.25pt;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;">6,413</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:12.25pt;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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></sup></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></sup></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></sup></p>





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



<div style="">



<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">37</font></p>

  </td>
 </tr>
</table></div>



</div>



<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_42"></a><a name="_bclPageBorder42"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader42"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5.&#160;&#160; TRADE AND
OTHER RECEIVABLES (continued)</font></b></p>

<p style="background:white;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="background:white;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
</font></p>

<p style="background:white;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="background:white;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;">(i)</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;">Related parties</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">March
  31, 2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">December
  31, 2015</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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 6 months</font></p>
  </td>
 <td valign=bottom width=22% 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;">1,007</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=22% 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;">833</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=54% 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;">7 to 12 months</font></p>
  </td>
 <td valign=bottom width=22% 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;">66</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=22% 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;">67</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=54% style="background:#c6d9f1;padding:0in 0in 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 12 months</font></p>
  </td>
 <td valign=bottom width=22% 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;">368</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=22% 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;">451</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=54% 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=22% 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;">1,441</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=22% 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;">1,351</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=54% style="background:#c6d9f1;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;">Provision
  for impairment of receivables</font></p>
  </td>
 <td valign=bottom width=22% 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;">(88</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=22% 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;">(247</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>
 </tr>
<tr>
  <td valign=bottom width=54% 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=22% 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;">1,353</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=22% 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;">1,104</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:17.85pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:12.0pt;">&nbsp;</font></sup></p>

<p style="background:white;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; Third
parties</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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">March
  31, 2016</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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=IN style="font-size:10.0pt;">December
  31, 2015</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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=22% 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;">6,330</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% 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;">5,816</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=54% 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=22% 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;">3,939</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% 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;">3,398</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=54% style="background:#c6d9f1;padding:0in 0in 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=22% 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;">10,269</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% 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;">9,214</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=54% 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;">Provision
  for impairment of receivables</font></p>
  </td>
 <td valign=bottom width=22% 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;">(2,753</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=22% 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;">(2,801</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>
 </tr>
<tr>
  <td valign=bottom width=54% 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=22% 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;">7,516</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% 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;">6,413</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:17.85pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></sup></p>

<p style="background:white;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="background:white;margin-bottom:0in;margin-left:27.0pt;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:9.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=35% 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 colspan=3 valign=bottom width=32% 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;">March 31, 2016</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 colspan=3 valign=bottom width=32% 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;">December 31, 2015</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>
 </tr>
<tr>
  <td valign=bottom width=35% 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 lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">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-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=16% 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 lang=X-NONE style="font-size:8.0pt;">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-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=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=X-NONE style="font-size:8.0pt;">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-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=15% 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 lang=X-NONE style="font-size:8.0pt;">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-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>
 </tr>
<tr>
  <td valign=bottom width=35% 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=X-NONE style="font-size:8.0pt;">Not past due</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">4,100</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">48</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">4,353</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;">266</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=X-NONE style="font-size:8.0pt;">Past due up to 3 months</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">3,094</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">218</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">2,235</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;">202</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=X-NONE style="font-size:8.0pt;">Past due more than 3 to 6 months</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">1,011</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">262</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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:8.0pt;">583</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;">216</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=X-NONE style="font-size:8.0pt;">Past due more than 6 months</font></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">3,505</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=X-NONE style="font-size:8.0pt;">2,313</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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;">3,394</font></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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:8.0pt;">2,364</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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 lang=X-NONE style="font-size:8.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">11,710</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">2,841</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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=X-NONE style="font-size:8.0pt;">10,565</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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=X-NONE style="font-size:8.0pt;">3,048</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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=IN style="font-size:1.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-56.7pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-56.7pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 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;line-height:95%;">March 31,
2016 and December 31, 2015</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">, the carrying amount of trade receivables of
the Group considered past due but not impaired amounted to </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;line-height:95%;">Rp</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">4,817&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;line-height:95%;"> billion and </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">Rp3,430 billio</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;line-height:95%;">n</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">, 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-56.7pt;"><i><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">&nbsp;</font></i></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-56.7pt;"><i><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">&nbsp;</font></i></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-56.7pt;"><i><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">&nbsp;</font></i></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">38</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; TRADE RECEIVABLES (continued)</font></b></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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; Related
parties</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;margin-right:0pt;margin-top:0in;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:89.58%;">
 <tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">March
  31, 2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">December
  31, 2015</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=54% style="background:#c6d9f1;padding:0in 0in 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=22% 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;">1,413</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=22% 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;">1,328</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=54% 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=22% 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;">28</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=22% 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;">23</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=54% style="background:#c6d9f1;padding:0in 0in 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=22% 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;">1,441</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=22% 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;">1,351</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=54% 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=top width=22% 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;">(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:10.0pt;">)</font></p>
  </td>
 <td valign=top width=22% 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;">(247</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=54% 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=top width=22% 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;">1,353</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=22% 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;">1,104</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;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;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)</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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;margin-right:0pt;margin-top:0in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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:.75in;width:89.58%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=54% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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 lang=IN style="font-size:10.0pt;">March
  31, 2016</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% 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 lang=IN style="font-size:10.0pt;">December
  31, 2015</font></b></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:10.0pt;">Rupiah</font></p>
  </td>
 <td valign=bottom width=22% 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:10.0pt;">8.902</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% 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:10.0pt;">7,761</font></p>
  </td>
 <td valign=bottom 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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:10.0pt;">U.S. dollar</font></p>
  </td>
 <td valign=bottom width=22% 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:10.0pt;">1.347</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;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=22% 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:10.0pt;">1,436</font></p>
  </td>
 <td valign=bottom 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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:10.0pt;">Australian dollar</font></p>
  </td>
 <td valign=bottom width=22% 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:10.0pt;">18</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% 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:10.0pt;">14</font></p>
  </td>
 <td valign=bottom 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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;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:10.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;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=22% style="border-bottom:solid windowtext 1.0pt;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:10.0pt;">3</font></p>
  </td>
 <td valign=bottom 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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=22% 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:10.0pt;">10.269</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% 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:10.0pt;">9,214</font></p>
  </td>
 <td valign=bottom 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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:10.0pt;">Provision for
  impairment of receivables</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;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:10.0pt;">(2.753</font></p>
  </td>
 <td valign=bottom 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:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;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:10.0pt;">(2,801</font></p>
  </td>
 <td valign=bottom 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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;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;">7.516</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;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;">6,413</font></b></p>
  </td>
 <td valign=bottom 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;"><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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup></p>

<p style="background:white;margin-left:35.7pt;margin-right:0in;text-indent:-.25in;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d.</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Movements
in the provision for impairment of receivables </font></p>

<p style="background:white;margin-left:37.1pt;margin-right:0in;"><font color=black 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:89.58%;">
 <tr>
  <td valign=bottom width=54% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">        </font></b></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=IN style="font-size:10.0pt;">March 31, 2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">December 31, 2015</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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=22% 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;">3.048</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=22% 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;">3,096</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=54% 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
  period (Note 24)</font></p>
  </td>
 <td valign=bottom width=22% 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;">(207</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>
 <td valign=bottom width=22% 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;">1,010</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=54% style="background:#c6d9f1;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;">Receivables written off</font></p>
  </td>
 <td valign=bottom width=22% 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>
 <td valign=bottom width=22% 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;">(1,058</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>
 </tr>
<tr>
  <td valign=bottom width=54% 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=22% 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;">2.841</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=22% 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;">3,048</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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The receivables written off relate to
both related-party and third-party trade receivables.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:40.6pt;text-align:justify;text-indent:-19.3pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><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&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
losses on uncollectible</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
trade </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">receivables.&nbsp;</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.5pt;text-align:justify;text-indent:.7pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">As
of March 31, 2016, certain trade receivables of the subsidiaries amounting to
Rp</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">4,276 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">billion have been pledged as collateral under
lending agreements (Notes 15, 16b and 16c).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:40.6pt;text-align:justify;text-indent:-19.3pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Refer to Note 3</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> for details of related party
transactions.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;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="background:white;margin:0in;margin-bottom:.0001pt;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-56.7pt;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;line-height:95%;">6</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">.&#160;&#160;&#160; INVENTORIES</font></b></p>

<p style="background:white;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:96.52%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><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="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;">March 31</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">, </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2016&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 lang=IN 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 lang=IN style="font-size:10.0pt;">December 31</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">, </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2015&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 lang=IN 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:.15in;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=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;">351</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;">342</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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">SIM
  cards, set top boxes, and blank prepaid vouchers</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;">130</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;">131</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;">Others</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;">117</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;">96</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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</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;">598</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;">569</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;">Provision
  for obsolescence</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;"><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=20% 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=59% 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=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;">(14</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>
 <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;">(14</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;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">SIM
  cards, set top boxes and blank prepaid vouchers</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;"><font color=windowtext face=arial,sans-serif 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;">(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;"><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:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Others</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;">&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="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;">-</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;">Total</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;">(41</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>
 <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;">(41</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>
 </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</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;">557</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;">528</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="background:white;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="background:white;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="background:white;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;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=59% 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 lang=IN style="font-size:10.0pt;">March 31, 2016</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 lang=IN 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 lang=IN style="font-size:10.0pt;">December 31, 2015</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;">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 style="font-size:10.0pt;">41</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 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 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</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;">-</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 lang=IN 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;"><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;">Inventory write off</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;">-</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 lang=IN style="font-size:10.0pt;">(4</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>
 </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;">Ending balance</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;">41</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: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;">41</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>
</table></div>

<p style="background:white;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="background:white;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 as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March
31, 2016 and 2015
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">amounted to Rp478 billion
and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">442 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">billion, respectively (Note
24).</font></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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 Rp268 billion 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;">5&nbsp;</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;">16c</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">).&nbsp;</font></p>

<p style="background:white;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="background:white;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;">March 31, 2016 and December 31,
2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, modules and
components held by the Group with book value amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">21</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">8
billion and Rp219
billion, respectively, </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</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">. M</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">odules
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;">March
31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
amounted to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp291
billion</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively.</font></p>

<p style="background:white;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="background:white;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 inventories </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">arising from the insured risks</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></b></p>

<p style="background:white;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;">&nbsp;</font></b></p>

<p style="background:white;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;">&nbsp;</font></b></p>





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 <tr>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">40</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">7</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; ADVANCES AND PREPAID EXPENSES</font></b></p>

<p style="background:white;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;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <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 lang=IN 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 lang=IN style="font-size:10.0pt;">March
  31, 2016</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:10.0pt;">December
  31,2015</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Frequency license
  (Notes </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">35</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">c.i and </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">35</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">c.ii)&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;">2,490</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">2,935</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Prepaid rental</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;">1,271</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">1,055</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Advances</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;">788</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">729</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Salaries</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;">436</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">347</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Imprest fund</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;">165</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Others (each below
  Rp75 billion)</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;">1,052</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">7</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">45&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Total</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;">6,202</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;">5,839</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:11.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;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 32 for
details of related party transactions.</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; LONG-TERM INVESTMENTS </font></b></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=13 valign=bottom width=81% 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:7.0pt;">March 31, 2016</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&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-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;">Percentage of ownership</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">Beginning balance</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">Additions (Deductions)</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">Share of net (loss) profit of associated company</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-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=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 lang=IN style="font-size:7.0pt;">Dividend</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">Translation</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;"><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;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 lang=IN style="font-size:7.0pt;">Ending balance</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:7.0pt;">&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-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;">Long-term
  investments in associated companies</font></b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">:&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;"><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;padding:0in 0in 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=10% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% 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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% 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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></b></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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=15% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% 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:7.0pt;">Tiphone<sup>a</sup></font></p>
  </td>
 <td valign=bottom width=10% 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 lang=IN style="font-size:7.0pt;">24.65</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">1,40</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">28</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">1,432</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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;">Indonusa</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">b</font></sup></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">20.00</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">221</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">221</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% 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:7.0pt;">Teltranet</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">c</font></sup></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">51</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">.00&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">7</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">(9</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:7.0pt;">)</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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">62</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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;">PT
  Melon Indonesia (&#8220;Melon&#8221;)</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">51</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">.00&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">50</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">(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:7.0pt;">)</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:7.0pt;">4</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">54</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% 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:7.0pt;">PT
  Integrasi Logistik Cipta Solusi (&#8220;ILCS&#8221;)</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> e</font></sup></p>
  </td>
 <td valign=bottom width=10% 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 lang=IN style="background:white;font-size:7.0pt;">49.00</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">40</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">(3</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:7.0pt;">)</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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">37</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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;">Telin
  Malaysia</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">f</font></sup></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">49.00</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">6</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">(5</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:7.0pt;">)</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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(3</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">1</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% 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:7.0pt;">CSM</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">g</font></sup></p>
  </td>
 <td valign=bottom width=10% 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 lang=IN style="background:white;font-size:7.0pt;">25.00</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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:7.0pt;">Sub-total</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">1,792</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">15</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(3</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">1,807</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.1pt;">
  <td valign=top width=19% style="height:8.1pt;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="background:white;font-size:7.0pt;">Other long-term investments</font></p>
  </td>
 <td valign=bottom width=10% style="height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=bottom width=1% style="height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">15</font></p>
  </td>
 <td valign=bottom width=1% style="height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=bottom width=1% style="height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="border-bottom:solid windowtext 1.0pt;height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=bottom width=1% style="height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="border-bottom:solid windowtext 1.0pt;height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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:8.1pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="border-bottom:solid windowtext 1.0pt;height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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:8.1pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=15% style="border-bottom:solid windowtext 1.0pt;height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">15</font></p>
  </td>
 <td valign=top width=1% style="height:8.1pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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>
  <td valign=top width=19% 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:7.0pt;">Total
  long-term investments</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1,807</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">15</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(3</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1,822</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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;">&#160;&#160; &nbsp;</font></p>

<p style="background:white;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=IN 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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">41</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.7pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:11.0pt;">8.&#160;&#160; LONG-TERM
INVESTMENTS (continued)</font></b></p>

<p align=left style="background:white;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="background:white;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;">Summarized</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> financial information of the Group&#8217;s
investments accounted </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">under
</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;">equity method for 2016:</font></p>

<p style="background:white;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=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&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:7.0pt;">Tiphone*</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=FR style="font-size:7.0pt;">&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:7.0pt;">Indonusa</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=FR style="font-size:7.0pt;">&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:7.0pt;">Teltranet</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=FR style="font-size:7.0pt;">&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:7.0pt;">Melon</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=FR style="font-size:7.0pt;">&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-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;">ILCS</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=FR style="font-size:7.0pt;">&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-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;">Telin Malaysia</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=FR style="font-size:7.0pt;">&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-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;">CSM*</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=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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;"><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Statements of financial position</font></i></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:7.0pt;">&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:7.0pt;">&nbsp;</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:7.0pt;">&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:7.0pt;">&nbsp;</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:7.0pt;">&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:7.0pt;">&nbsp;</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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Current assets</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:7.0pt;">6,539</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">553</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">91</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">135</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">89</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">7</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">185</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Non-current assets</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:7.0pt;">1,261</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">335</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">24</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">30</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">18</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">1,221</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Current liabilities</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:7.0pt;">(1,657</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:7.0pt;">)</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:7.0pt;">(667</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:7.0pt;">)</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:7.0pt;">(33</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:7.0pt;">)</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:7.0pt;">(51</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:7.0pt;">)</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:7.0pt;">(43</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:7.0pt;">)</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:7.0pt;">23</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(731</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Non-current liabilities</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:7.0pt;">(3,073</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:7.0pt;">)</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:7.0pt;">(520</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:7.0pt;">)</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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(1</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:7.0pt;">)</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:7.0pt;">(1</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:7.0pt;">)</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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(1,535</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Equity (deficit)</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 style="font-size:7.0pt;">3,070</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 lang=FR style="font-size:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">(299</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:7.0pt;">)</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 style="font-size:7.0pt;">123</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 lang=FR style="font-size:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">107</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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">75</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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">48</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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(860</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:7.0pt;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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;"><i><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Statements of profit or loss and other comprehensive
  income</font></i></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:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Revenues</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:7.0pt;">22,060</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">147</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">6</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">70</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">10</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">164</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Operating expenses</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:7.0pt;">(21,295</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:7.0pt;">)</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:7.0pt;">(179</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:7.0pt;">)</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:7.0pt;">(27</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:7.0pt;">)</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:7.0pt;">(63</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:7.0pt;">)</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:7.0pt;">(17</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:7.0pt;">)</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:7.0pt;">(10</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:7.0pt;">)</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:7.0pt;">(364</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Other income (expenses) including finance costs - net</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:7.0pt;">(265</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:7.0pt;">)</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:7.0pt;">4</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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:7.0pt;">)</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:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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></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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">(74</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Profit (loss) before tax</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:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(28</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:7.0pt;">)</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:7.0pt;">(24</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:7.0pt;">)</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:7.0pt;">8</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(7</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:7.0pt;">)</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:7.0pt;">(9</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:7.0pt;">)</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:7.0pt;">(274</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Income tax expense</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:7.0pt;">(130</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:7.0pt;">)</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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">6</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Profit (loss) for the year</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">370</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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(28</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:7.0pt;">)</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(18</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:7.0pt;">)</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">8</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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(7</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:7.0pt;">)</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(9</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:7.0pt;">)</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(274</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:7.0pt;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">Other comprehensive income (loss)</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:7.0pt;">(7</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:7.0pt;">)</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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Total comprehensive income for the year</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:7.0pt;">363</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 lang=FR style="font-size:7.0pt;">&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:7.0pt;">(28</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 lang=FR style="font-size:7.0pt;">)</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:7.0pt;">(18</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:7.0pt;">)</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:7.0pt;">8</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 lang=FR style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(7</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:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(9</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 lang=FR style="font-size:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(274</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:7.0pt;">)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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=FR style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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=FR style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; *Using financial information as of December 31, 2015 and for
the year then ended.</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=13 valign=bottom width=81% 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;">December 31, 2015</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>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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;">Percentage of ownership</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=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-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;">Beginning balance</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=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-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;">Additions (Deductions)</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=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-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;">Share of net (loss)profit of associated company</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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-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;">Dividend</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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-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;">Share of other comprehensive income of associated company</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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 lang=IN style="font-size:7.0pt;">Ending balance</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>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Long-term
  investments in associated companies</font></b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">:&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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=bottom 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=bottom width=10% 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=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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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=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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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=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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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=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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><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=bottom width=19% 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:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Tiphone<sup>a</sup></font></p>
  </td>
 <td valign=bottom width=10% 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;">24.65</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">1,392</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">2&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">(18</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;">(2</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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;">1,40</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">4&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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;">Indonusa</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">b</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">20.00</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">221</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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;">221</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Teltranet</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">c</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">51</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">.00&nbsp;</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">52</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">4</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">(24</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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;">7</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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;">Melon</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> d</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">51</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">.00&nbsp;</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">43</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">7</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">50</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">ILCS</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> e</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">49.00</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">38</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">2</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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;">40</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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;">Telin
  Malaysia</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">f</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">49.00</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">6</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">19</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">19&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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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></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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">6</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">CSM</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">g</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">25.00</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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=bottom 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=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=10% 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=bottom 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=bottom width=10% 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;">1,752</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">6</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">(2</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;">(18</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">1,792</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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 style="font-size:7.0pt;">Other
  long-term investments</font></p>
  </td>
 <td valign=bottom width=10% 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=bottom 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=bottom width=10% 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;">15</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">15</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=19% 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:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Total
  long-term investments</font></p>
  </td>
 <td valign=bottom width=10% 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=bottom 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=bottom width=10% 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;">1,767</font></p>
  </td>
 <td valign=bottom 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=bottom width=10% 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;">62</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">(2</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;">(18</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;">(2</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1,807</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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;">&#160;&#160; &nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
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  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">42</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; LONG-TERM INVESTMENTS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Summarized</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> financial information of the Group&#8217;s
investments accounted </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">under
</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;">equity method for 2015:</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&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:7.0pt;">Tiphone</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="Times New Roman" lang=IN 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:7.0pt;">Indonusa</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="Times New Roman" lang=IN 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:7.0pt;">Teltranet</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="Times New Roman" lang=IN 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:7.0pt;">Melon</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">ILCS</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Telin Malaysia</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">CSM</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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;"><i><font color=windowtext face="Times New Roman" style="font-size:7.0pt;">Statements of financial
  position</font></i></p>
  </td>
 <td valign=bottom 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:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Current
  assets</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">6,539</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="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">501</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">117</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">131</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">18</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">185</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Non-current
  assets</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">1,261</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="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">333</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">58</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">32</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">1,221</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Current
  liabilities</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(1,657</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(535</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(35</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(57</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(54</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(17</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(731</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Non-current
  liabilities</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(3,073</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(568</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(1,535</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Equity
  (deficit)</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3,070</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="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(269</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">139</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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">99</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="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">82</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">11</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(860</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:7.0pt;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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;"><i><font color=windowtext face="Times New Roman" style="font-size:7.0pt;">Statements of profit or
  loss and </font></i><i><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">other
  comprehensive income</font></i></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Revenues</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">4.664</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="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">111</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">41</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">7</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">43</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Operating
  expenses</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(4,419</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(134</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(7</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(38</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(12</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(8</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(96</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Other
  income (expenses) including finance costs - net</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(93</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(14</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">5</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="Times New Roman" lang=IN 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(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 style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Profit
  (loss) before tax</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">152</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="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">(37</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">4</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(7</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(50</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.0pt;">Income
  tax expense</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(38</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">-</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Profit
  (loss) for the year</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">114</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="Times New Roman" lang=IN style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(37</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">4</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(5</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:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(7</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:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=10% 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:7.0pt;">(50</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:7.0pt;">)</font></b></p>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:26.6pt;margin-right:.95pt;margin-top:0in;text-align:justify;text-indent:-7.9pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">a</font></sup><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Tiphone </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">was
established on June 25, 2008 as </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">PT </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Tiphone Mobile Indonesia Tbk.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;"> Tiphone </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">is engaged in </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">telecommunication
equipment business</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,
such as for </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">celullar phone
including spare parts, accessories, pulse</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;"> reload vouchers</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">, repair service and
content provider through its subsidiaries. On September 18, 2014,
the Company through PINS acquired 25% ownership in Tiphone </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">for&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> Rp1,395
billion. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:26.6pt;margin-right:.95pt;margin-top:0in;text-align:justify;text-indent:-7.9pt;"><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:27.0pt;text-align:justify;text-indent:-8.1pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160;&#160; As of March 31,
2016 and December 31, 2015, the fair value of investment amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">1,325&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> billion and
Rp1,351 billion, respectively. The fair value was calculated by multiplying
number of shares by the published price quotation as of March 31, 2016 and
December 31, 2015 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">amounting
to</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">
Rp</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">755&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> and Rp770 per
share, respectively. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:26.6pt;margin-right:.95pt;margin-top:0in;text-align:justify;text-indent:-7.9pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:26.6pt;margin-right:.95pt;margin-top:0in;text-align:justify;text-indent:-7.9pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Reconciliation of
financial information to the carrying amount of long-term investment in Tiphone
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">as
of December 31, 2015 is as follows</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">:&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:8.0pt;">&#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:27.0pt;width:94.8%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=74% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=24% 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;">December
  31, 2015</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=74% 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;">Assets</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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;">7,800</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=74% 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;">Liabilities</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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;">(4,730</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=74% 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;">Net assets</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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;">3,070</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=74% 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;">Group&#8217;s proportionate
  share of net assets (</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">24.65% in
  2015</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">)&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=24% 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;">757</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=74% 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;">Goodwill</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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;">647</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=74% 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;">Carrying amount of
  long-term investment</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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;">1,404</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup></p>

<p style="background:white;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=IN style="font-size:8.0pt;">&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Indonusa had been a
subsidiary of the Company until 2013 when the Company disposed 80% of its
interest in Indonusa. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">On May 14, 2014, based on the Circular Resolution of the
Stockholders of Indonusa as 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 Letter No.
AHU-02078.40.20.2014 dated April 29, 2014, Indonusa&#8217;s stockholders approved an
increase in its issued and </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">fully </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">paid capital </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">by&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> Rp80 billion. The
Company has waived its right to own the new shares issued and transferred it to
Metra and</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> as </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">a </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">result</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> Metra&#8217;s ownership in
Indonusa increased to 4.33%.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;margin-right:.05pt;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">c&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Investment in T</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">eltranet </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">is accounted for under
the</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">
equity method</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,
which covered </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">on
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">an </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">agreement
between Metra and Telstra Holding Singapore Pte. Ltd. </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">on August 29, 2014. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Teltranet </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">is engaged in
communication </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">system&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;"> services.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> Metra </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">does not have</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> control </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">as it does not</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> determin</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">e the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">financial and
operating policies of Teltranet.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;margin-right:.05pt;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">d</font></sup><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Melon is engaged in
providing Digital Content Exchange Hub services (&#8220;DCEH&#8221;). Metra does not have
control over Melon
due to
the existence of substantive participating rights held by the other venturer
over the financial and operating policies of Melon</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;margin-right:.05pt;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">e</font></sup><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">ILCS is engaged in
providing E-trade logistic services and other related services.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;margin-right:.05pt;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">f</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; Telin Malaysia is
engaged in telecommunication services in Malaysia.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;margin-right:.05pt;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">g</font></sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">year&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;"> ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">December 31, 2015
amounting to Rp215 billion</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">.&nbsp;</font></p>





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<div style="">



<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">43</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_48"></a><a name="_bclPageBorder48"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9.&#160;&#160; PROPERTY AND EQUIPMENT</font></b></p>

<p align=left style="background:white;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:96.52%;">
 <tr>
  <td valign=bottom width=40% 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">January 1, </font></b><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:7.0pt;">&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 lang=DE style="font-size:7.0pt;">Additions</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:7.0pt;">&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 lang=DE style="font-size:7.0pt;">Deductions</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:7.0pt;">&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 lang=DE style="font-size:7.0pt;">Reclassifications/</font></b></p>
  <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:7.0pt;">T</font></b><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">ranslations&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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">March</font></b><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;"> 31,201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">At cost</font></b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">:&nbsp;</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Directly acquired assets</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Land rights</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=DE style="font-size:7.0pt;">1,2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">70&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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">3</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">1,273</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Buildings</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">6,033</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">2</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">85</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">6,116</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Leasehold improvements</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=DE style="font-size:7.0pt;">1,036</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">3</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">12</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">1,051</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Switching equipment</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">19,823</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">9</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">97</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">19,929</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Telegraph, telex and data communication
  equipment</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:7.0pt;">876</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">108</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">984</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Transmission installation and equipment</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">119,047</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">125</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">13</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">2,561</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">121,720</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Satellite, earth station and equipment</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=DE style="font-size:7.0pt;">8,146</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">25</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">14</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">8,185</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Cable network</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">37,887</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">655</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">17</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">674</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">39,199</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Power supply</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=DE style="font-size:7.0pt;">13,822</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">5</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">12</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">202</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">14,017</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Data processing equipment</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">11,351</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">12</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">254</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">11,617</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Other telecommunications peripherals</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=DE style="font-size:7.0pt;">632</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">632</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Office equipment</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">1,062</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">54</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">1,137</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Vehicles</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=DE style="font-size:7.0pt;">475</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Other equipment</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">99</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">99</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Property under construction</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=DE style="font-size:7.0pt;">4,580</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">4,554</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">(4,082</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:7.0pt;">)</font></b></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=DE style="font-size:7.0pt;">5,052</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Assets under finance lease</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">&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=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">&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=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">&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=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">&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 lang=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">&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 lang=DE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Transmission installation and equipment</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=DE style="font-size:7.0pt;">5,940</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">135</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">17</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">6,092</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Data processing equipment</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">63</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">(13</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:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">50</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">Office equipment</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=DE style="font-size:7.0pt;">73</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">2</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">75</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Vehicles</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">94</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">27</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">121</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">CPE assets</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=DE style="font-size:7.0pt;">22</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Power supply</font></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">90</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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=DE style="font-size:7.0pt;">90</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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 lang=DE style="font-size:7.0pt;">RSA 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=DE style="font-size:7.0pt;">252</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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=DE style="font-size:7.0pt;">252</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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=DE style="font-size:7.0pt;">Total</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">232,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6</font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">73&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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5,717</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">44</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(158</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:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">238,188</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.55pt;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.55pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=40% 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:7.0pt;">&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:7.0pt;">January 1, 201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6&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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Additions</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Deductions</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Reclassifications/</font></b></p>
  <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:7.0pt;">T</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">ranslations&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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">March </font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">31,201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Accumulated
  depreciation and impairment losses:</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Directly
  acquired assets</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Buildings</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 style="font-size:7.0pt;">2,141</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">51</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">55</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:7.0pt;">&nbsp;</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:7.0pt;">2,247</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Leasehold
  improvements</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">623</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">30</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">7</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">660</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Switching
  equipment</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 style="font-size:7.0pt;">15,223</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">379</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">(3</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:7.0pt;">)</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 style="font-size:7.0pt;">15,599</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Telegrap,
  telex and data communication equipment</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">4</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">4</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Transmission
  installation and equipment</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 style="font-size:7.0pt;">63,063</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">2,426</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">10</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">(14</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:7.0pt;">)</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:7.0pt;">65,465</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Satellite,
  earth station and equipment</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">6,706</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">104</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">(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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">6,809</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Cable
  network</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 style="font-size:7.0pt;">19,524</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">366</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">17</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">(134</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:7.0pt;">)</font></b></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:7.0pt;">19,739</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Power
  supply</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">9,114</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">298</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">11</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">5</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">9,406</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Data
  processing equipment</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 style="font-size:7.0pt;">8,503</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(7</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:7.0pt;">)</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:7.0pt;">8,786</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Other
  telecommunications peripherals</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">385</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">19</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">404</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Office
  equipment</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 style="font-size:7.0pt;">713</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">32</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">32</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:7.0pt;">&nbsp;</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:7.0pt;">777</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Vehicles</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">166</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">17</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">184</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Other
  equipment</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 style="font-size:7.0pt;">99</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">99</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Assets
  under finance lease</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Transmission
  installation and equipment</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 style="font-size:7.0pt;">2,327</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">150</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">2,477</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Data
  processing equipment</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">53</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">2</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">55</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Office
  equipment</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 style="font-size:7.0pt;">51</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">13</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">64</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Vehicles</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">13</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">4</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">17</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">CPE
  assets</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 style="font-size:7.0pt;">17</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">1</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Power
  supply</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">18</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">6</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">24</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">RSA
  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 style="font-size:7.0pt;">230</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">4</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">234</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Total</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">128,973</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">4,192</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">38</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(59</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">133,068</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">103,700</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">105,120</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<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:11.0pt;">&nbsp;</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:11.0pt;">&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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">44</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; PROPERTY AND EQUIPMENT (continued)</font></b></p>

<p align=left style="background:white;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:13.5pt;width:97.4%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=41% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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;">January
  1</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">, 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&nbsp;</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">Additions</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">Deductions</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=12% 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;">Reclassifications/</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:7.0pt;">T</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">ranslations&nbsp;</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=11% 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;">December</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 31, 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&nbsp;</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">At cost</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">:&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Directly
  acquired assets</font></b></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Land rights</font></p>
  </td>
 <td valign=bottom width=12% 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;">1,184</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">86</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">1,2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">70&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Buildings</font></p>
  </td>
 <td valign=bottom width=12% 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;">4,571</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">263</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">1,19</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">9&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% 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;">6,033</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Leasehold improvements</font></p>
  </td>
 <td valign=bottom width=12% 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;">943</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">41</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(151</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">203</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% 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;">1,036</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Switching equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">19,208</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">126</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(66</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">5&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">19,8</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">23&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Telegrap, telex and
  data communication equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">6</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">870</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">876</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Transmission
  installation and equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">107,573</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">4,2</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">78&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(2,318</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">9,514</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">119,047</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Satellite, earth
  station and equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">7,927</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">93</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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></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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">127</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">8,146</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Cable network</font></p>
  </td>
 <td valign=bottom width=12% 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;">33,114</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">4,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">458&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">7&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">542</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">37,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">8</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">8</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">7&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Power supply</font></p>
  </td>
 <td valign=bottom width=12% 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;">12,776</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">81&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(9</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">75</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">7&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">8</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">22&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Data processing
  equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">10,242</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">408</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">58&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">7</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">5</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">9&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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><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;">51&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Other
  telecommunications peripherals</font></p>
  </td>
 <td valign=bottom width=12% 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;">602</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">37</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=12% 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><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">7&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% 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;">6</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;">2&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Office equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">951</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">50&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(46</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">7</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">1,0</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">62&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Vehicles</font></p>
  </td>
 <td valign=bottom width=12% 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;">346</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">135</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(2</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">4&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% 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;">47</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Other equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">99</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">99</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Property under
  construction</font></p>
  </td>
 <td valign=bottom width=12% 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;">3,853</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">14,623</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=12% 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;">(13,896</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% 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;">4,580</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Assets
  under finance lease</font></b></p>
  </td>
 <td valign=bottom width=12% 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=bottom 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=bottom width=12% 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=bottom 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=bottom width=12% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Transmission
  installation and equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">5,882</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">60&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(202</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">5,9</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">40&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Data processing
  equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">102</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(39</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">63</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">Office equipment</font></p>
  </td>
 <td valign=bottom width=12% 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;">21</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">5</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">73</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Vehicles</font></p>
  </td>
 <td valign=bottom width=12% 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;">44</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">5</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% 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;">94</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">CPE assets</font></p>
  </td>
 <td valign=bottom width=12% 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;">22</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">22</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Power supply</font></p>
  </td>
 <td valign=bottom width=12% 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=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">90</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">90</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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;">RSA assets</font></p>
  </td>
 <td valign=bottom width=12% 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;">252</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% 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;">252</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=41% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=12% 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;">209,718</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">26</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">4</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">01&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">(3,20</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">2&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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">244&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% 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;">232,</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;">73&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.55pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&#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:13.5pt;width:97.4%;">
 <tr>
  <td valign=bottom width=40% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">January 1, 201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5&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:7.0pt;">&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:7.0pt;">Additions</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:7.0pt;">&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:7.0pt;">Deductions</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:7.0pt;">&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:7.0pt;">Reclassifications/</font></b></p>
  <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:7.0pt;">T</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">ranslations&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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">December</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 31, 201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Accumulated
  depreciation and impairment losses:</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Directly
  acquired assets</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Buildings</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 style="font-size:7.0pt;">1,954</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">183</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">4</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">2,1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">41&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Leasehold
  improvements</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">669</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">105</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">(151</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">623</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Switching
  equipment</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 style="font-size:7.0pt;">13,861</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">1,441</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">(6</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2&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:7.0pt;">)</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 style="font-size:7.0pt;">(1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">7&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:7.0pt;">)</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 style="font-size:7.0pt;">15,22</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Telegraph,
  telex and data communication equipment</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">4</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">4</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Transmission
  installation and equipment</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 style="font-size:7.0pt;">54,764</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">10,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">575&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">(2,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">290&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:7.0pt;">)</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:7.0pt;">14</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:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">63,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">063&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Satellite,
  earth station and equipment</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">6,099</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">607</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">(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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">6,706</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Cable
  network</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 style="font-size:7.0pt;">18,762</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">1,327</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">(22</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5&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:7.0pt;">)</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 style="font-size:7.0pt;">(340</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:7.0pt;">)</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 style="font-size:7.0pt;">19,524</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Power
  supply</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">7,978</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">1,250</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">(85</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">(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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">9,1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">4&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Data
  processing equipment</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 style="font-size:7.0pt;">7,624</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">940</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">58&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:7.0pt;">)</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 style="font-size:7.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3&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:7.0pt;">)</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 style="font-size:7.0pt;">8,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">503&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Other
  telecommunications peripherals</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">322</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">70</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">7&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">385</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Office
  equipment</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 style="font-size:7.0pt;">659</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">10</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">7&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">(45</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:7.0pt;">)</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:7.0pt;">(</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">8&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 lang=IN style="font-size:7.0pt;">)</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 style="font-size:7.0pt;">7</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Vehicles</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">113</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">57</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">(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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">(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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">166</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Other
  equipment</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 style="font-size:7.0pt;">97</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">2</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">99</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Assets
  under finance lease</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Transmission
  installation and equipment</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 style="font-size:7.0pt;">1,681</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">848</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(202</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:7.0pt;">)</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">2,327</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Data
  processing equipment</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">79</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">13</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">39&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">53</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Office
  equipment</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 style="font-size:7.0pt;">6</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">45</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 style="font-size:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">51</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Vehicles</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">5</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">8</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">13</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">CPE
  assets</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 style="font-size:7.0pt;">15</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">2</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">17</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Power
  supply</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">18</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">18</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">RSA
  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 style="font-size:7.0pt;">217</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">13</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">230</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">Total</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">114,9</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">09&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">17,</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">611&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(3,159</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><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;">88&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 lang=IN style="font-size:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">128,973</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% 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:7.0pt;">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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">94,809</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">103,700</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<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:11.0pt;">&nbsp;</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:11.0pt;">&nbsp;</font></b></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; PROPERTY AND EQUIPMENT (continued)</font></b></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; a.&#160;&#160; Gain on disposal or sale of
property and equipment</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=57% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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 lang=IN style="font-size:10.0pt;">March 31, 2016</font></b></p>
  </td>
 <td valign=bottom width=1% 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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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 lang=IN style="font-size:10.0pt;">December 31,2015</font></b></p>
  </td>
 <td valign=bottom width=1% 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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=57% 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:10.0pt;">Proceeds from sale of property and
  equipment</font></p>
  </td>
 <td valign=bottom width=21% 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:10.0pt;">104</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:10.0pt;">22</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3&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: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:1.0pt;">
  <td valign=bottom width=57% 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:10.0pt;">Net book value</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;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:10.0pt;">(0</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;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:10.0pt;">(36</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=57% 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 lang=IN style="font-size:10.0pt;">Gain on disposal or sale </font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">of property and equipment</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;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;">104</font></b></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;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;">187</font></b></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;text-indent:-13.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;text-indent:-13.5pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; Asset impairment </font></p>

<p style="background:white;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="background:white;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, 2015 and 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the CGUs that independently generate
cash inflows were fixed wireline, fixed wireless, cellular and others.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">In 2014, the
Group decided to cease its fixed wireless business no later than December 1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">, 2015. The Company assessed the
recoverable amount to be Rp549 billion 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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5% </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">derived
from the Company&#8217;s post-tax weighted average cost of capital and </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">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, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">due to the </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">lack of comparable market
data because of the nature of the assets. The </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">determination&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;"> of VIU calculation is most sensitive
to technological and economic obsolescence rate assumption</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">. An increase in technological and
economic obsolescence rate to 40% would result in a further impairment of Rp70 billion.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Loss on
impairment of assets was recognized within &#8220;Depreciation and Amortization&#8221; in
the consolidated </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-AU style="font-size:10.0pt;">tatement of profit or loss
and other comprehensive income.</font></p>

<p style="background:white;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="background:white;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;">In connection with
the restructuring of fixed wireless business (Note 34c.ii), the Company
accelerated its depreciation of fixed wireless assets. As of December 31, 2015,
all of the Company&#8217;s fixed wireless assets have been fully depreciated.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Management
believes that there is no indication of impairment in the assets of other CGUs
as of</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> December
31, 2015.</font></p>

<p style="background:white;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="background:white;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 align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">46</font></p>

  </td>
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</div>



<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_51"></a><a name="_bclPageBorder51"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; PROPERTY AND EQUIPMENT (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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="background:white;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="background:white;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;">(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;">229&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">328&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion for the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">three months period ended March 31, 2016 and for the year
ended December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
respectively. The capitalization rate used to determine the amount of borrowing
costs eligible for capitalization range</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;">
from</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,63%&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;">11,00</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">% and from </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6.84%&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;">11.00</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;">three
months period ended March 31, 2016 and for the year ended December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively.</font></p>

<p style="background:white;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="background:white;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;">(ii)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">three months period ended
March 31, 2016 and for the year ended December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p align=left style="background:white;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="background:white;margin-bottom:0in;margin-left:58.5pt;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: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=IN style="font-size:10.0pt;">As of March 31, 2016
and 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
the G</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">roup
received 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 Rp12 billion and Rp24 billion,
respectively and recorded as part of &#8220;Other Income&#8221; in the consolidated
statement of profit or loss and other comprehensive income. As of March 31 2016
dan 2015, 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 Rp5 billion and Rp9
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 profit or loss
and other comprehensive income.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.0pt;text-align:justify;text-indent:-20.7pt;"><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; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In 2015, Telkomsel decided to replace
certain equipment units with net carrying amount of Rp2,028 billion, as part of
its modernization program. Accordingly, Telkomsel changed the estimated useful
lives of such equipment. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">T</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he effect of the change </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">is an </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 to Rp232 billion for the three months
period ended March 31, 2016.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
&nbsp;</font></p>

<p style="margin-left:0in;margin-right:0in;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><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 an increase in the
profit before income tax as follows:</font></p>

<p style="background:white;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:88.72%;">
 <tr>
  <td valign=top width=70% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Years</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Amount</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=70% 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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6(9 months)</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% 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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">99</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=70% 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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2017</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% 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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">30</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(v)</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Exchange of property and equipment</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:54.55pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">In 2012 and 2011, the Company entered
into a Procurement and Installation Agreement for the Modernization of the
Copper Cable Network through Optimalization of Asset Copper Cable Network
through Trade In/Trade Off method with PT LEN Industri (&#8220;LEN&#8221;) and PT Industri
Telekomunikasi Indonesia (&#8220;INTI&#8221;), respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:76.05pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:54.55pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">In </font><font color=windowtext face=arial,sans-serif lang=IN style="background:white;font-size:10.0pt;">2016
and 2015, the Company derecognized the copper cable network asset with net
carrying value of Rp16 billion and Rp7 billion, respectively, and recorded the
fiber optic network asset from the exchange transaction of Rp85,21 billion and
Rp750 billion, respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(vi)</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Exchange of property and equipment</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:76.05pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Group owns several
pieces of land located throughout Indonesia with Building Use Rights (&#8220;Hak Guna
Bangunan&#8221; or &#8220;HGB&#8221;) for a period of</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 10-45</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
years which will expire between </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2016&nbsp;</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;">2053</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. Management believes that there will be no issue in
obtaining the extension of the land rights when they expire.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; PROPERTY AND EQUIPMENT (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;text-align:justify;text-indent:-13.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.&#160;&#160; Others
(continued)</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="background:white;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;">(vii)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Exchange of property and equipment</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:10.0pt;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;">As of March 31, 2016, the Group&#8217;s
property and equipment excluding land rights, with net carrying amount of
Rp93,429 billion were insured against fire, theft, earthquake and other
specified risks, including business interruption, under blanket policies
totalling Rp11,166 billion, US$136 million, HKD3 million and SGD34 million.
Management believes that the insurance coverage is adequate to cover potential
losses from the insured risks.</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(viii)</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp; </font><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;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the percentage of completion of
property under construction was around </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">36,19</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">%
of the total contract value, with estimated dates of completion between </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">April 2016 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">an</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">d December 2017</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. 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="background:white;margin:0in;margin-bottom:10.0pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:.75in;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;">(ix)</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;">All assets owned by the Company have
been pledged as collateral for bonds (Notes </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">16b.i&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.ii</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">). Certain property and equipment of the Company&#8217;s
subsidiaries with gross carrying value amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9,887&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 1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&nbsp;</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;">16c</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">).&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:.75in;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;">(x)</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;">As of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the cost of fully depreciated property
and equipment of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Group that are still used in
operations amounted to R</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">p65,007
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">billio</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">n</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. The Group </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">is&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> currently performing modernization of network assets to
replace the fully depreciated property and equipment.</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:.75in;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;">(xi)</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=IN style="font-size:10.0pt;">In 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the total fair values of land rights
and buildings of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">22,4</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">55 billion.</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(xii)</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The Company and Telkomsel entered into
several agreements with 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 mutual agreement with the
relevant parties. In addition, the Group also has lease commitments for
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></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Future
minimum lease payments required for assets under finance lease are as follows:</font></p>

<p style="background:white;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%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:10.0pt;">Years</font></b></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=IN style="font-size:10.0pt;">March
  31, 2016</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=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=IN style="font-size:10.0pt;">December
  31, 2015</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=54% style="background:#c6d9f1;padding:0in 0in 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=22% 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;">1,069</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=22% 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;">1,027</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=54% 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;">2017</font></p>
  </td>
 <td valign=bottom width=22% 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;">756</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=22% 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;">991</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=54% style="background:#c6d9f1;padding:0in 0in 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;">2018</font></p>
  </td>
 <td valign=bottom width=22% 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;">909</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=22% 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;">888</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=54% 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;">2019</font></p>
  </td>
 <td valign=bottom width=22% 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;">805</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=22% 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;">800</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=54% style="background:#c6d9f1;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;">20</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">20&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">773</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=22% 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;">766</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=54% 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;">Thereafter</font></p>
  </td>
 <td valign=bottom width=22% 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;">1,643</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=22% 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;">1,597</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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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 minimum lease
  payments</font></p>
  </td>
 <td valign=bottom width=22% 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;">5,955</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=22% 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;">6,069</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=54% 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;">Bunga</font></p>
  </td>
 <td valign=bottom width=22% 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;">(1,356</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=22% 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;">(1,489</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>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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 present value of
  minimum lease payments</font></p>
  </td>
 <td valign=bottom width=22% 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;">4,599</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=22% 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;">4,580</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=54% 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 1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5b.i</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">(723</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=22% 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;">(641</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>
 </tr>
<tr>
  <td valign=bottom width=54% 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
  1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">6</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">b</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">.i</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">3,876</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">3,939</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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%;">&nbsp;</font></p>





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



<div style="">



<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">48</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; PROPERTY AND EQUIPMENT (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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="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;">Others (continued)</font></p>

<p style="background:white;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="background:white;margin-bottom:0in;margin-left:49.5pt;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;">Future minimum lease payments required for assets
under finance lease are as follows</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">
(continued)</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:58.8pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-23.85pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.7in;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;">The details of obligations under finance
leases for the three months period ended March 31, 2016 and for the year ended
December 31, 2015, are as follows</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:49.5pt;width:90.44%;">
 <tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">March
  31, 2016</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=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=IN style="font-size:10.0pt;">December
  31, 2015</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=54% style="background:#c6d9f1;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;">PT
  Tower Bersama Infrastructure</font></p>
  </td>
 <td valign=bottom width=22% 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;">1,547</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=22% 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;">1,589</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=54% 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;">PT
  Profesional Telekomunikasi Indonesia</font></p>
  </td>
 <td valign=bottom width=22% 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;">1,421</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=22% 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;">1,460</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=54% style="background:#c6d9f1;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;">PT
  Solusi Tunas Pratama</font></p>
  </td>
 <td valign=bottom width=22% 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;">349</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=22% 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;">340</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=54% 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;">PT
  Putra Arga Binangun</font></p>
  </td>
 <td valign=bottom width=22% 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;">234</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=22% 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;">227</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=54% style="background:#c6d9f1;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;">PT Bali
  Towerindo Sentra</font></p>
  </td>
 <td valign=bottom width=22% 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;">129</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=22% 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;">132</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=54% 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;">PT Naragita Dinamika
  Komunika</font></p>
  </td>
 <td valign=bottom width=22% 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;">84</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=22% 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;">84</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=54% style="background:#c6d9f1;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
  (each below Rp</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">75&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> billion)</font></p>
  </td>
 <td valign=bottom width=22% 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;">813</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=22% 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;">748</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=54% 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=IN style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">4,577</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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">4,580</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>
</table></div>

<p align=left style="background:white;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="background:white;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="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; ADVANCES AND OTHER NON-CURRENT ASSETS </font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">Advances and other
non-current assets as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March
31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
consist of:</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><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:.25in;width:96.52%;">
 <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 lang=IN 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 lang=IN style="font-size:10.0pt;">March 31, 2016</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 lang=IN style="font-size:10.0pt;">December 31, 2015</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;">Advances for purchase of property
  and equipment</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;">3,434</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 lang=IN style="font-size:10.0pt;">3,653</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;">Prepaid rental - net of current
  portion (Note 7)</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;">2,148</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 lang=IN style="font-size:10.0pt;">2,</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">190&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;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Deferred charges</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;">451</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;">444</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;">Frequency license - net of current
  portion (Note 7)</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;">386</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 lang=IN style="font-size:10.0pt;">404</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;">Long-term trade receivables - net of
  current portion (Note 5)</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;">173</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 lang=IN style="font-size:10.0pt;">17</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2&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=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;">Restricted cash</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;">111</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 lang=IN style="font-size:10.0pt;">111</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;">Security deposit</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;">77</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 lang=IN style="font-size:10.0pt;">96</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;">Others</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;">21</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="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="background:white;font-size:10.0pt;">83</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</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;">6,801</font></b></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;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;">7,153</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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;">Prepaid rental covers rent
of leased line and telecommunication equipment and land and building under
lease agreements of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Group with rental periods ranging
from </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;"> to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">40&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> years.</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;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;">March 31, 2016 and December
31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, deferred charges
represent deferred Indefeasible Right of Use (&#8220;IRU&#8221;) Agreement charges. Total
amortization of deferred charges </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for
the three months period ended and for the year ended December 31, 2015 </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;">12&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">46&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
billion, respectively. </font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;">&#160;&#160;&#160;&#160;&#160; Refer
to Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">32&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party
transactions.</font></p>

<p align=left style="background:white;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="background:white;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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  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">49</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; INTANGIBLE ASSETS</font></b></p>

<p style="background:white;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="background:white;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;">The </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">details of intangible assets</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> are as follows:</font></p>

<p style="background:white;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:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">Goodwill</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 lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">Software</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 lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">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;"><b><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">Other intangible assets</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 lang=X-NONE style="font-size:7.0pt;">&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:7.0pt;">Total</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 lang=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Gross
  carrying amount:</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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Balance,
  December 31, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">336</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">6,2</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">67&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">68</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">580</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">7,2</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">51&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Additions</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 style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">167</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=X-NONE style="font-size:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">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;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">169</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Deductions</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Balance,
  March 31, 2016</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">336</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=X-NONE style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6,432</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=X-NONE style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">70</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=X-NONE style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">580</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=X-NONE style="font-size:7.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">7,418</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Accumulated
  amortization</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">
  and impairment losses</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">:&nbsp;</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Balance,
  December 31, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(3,7</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">48&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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(49</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(369</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">(4,</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">195&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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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=IN style="font-size:7.0pt;">Amortization</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:7.0pt;">-</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:7.0pt;">&nbsp;</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:7.0pt;">(252</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:7.0pt;">)</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:7.0pt;">(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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">)</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:7.0pt;">(8</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:7.0pt;">)</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:7.0pt;">(262</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Deductions</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Reclas</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">s</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">ifications/translations&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=IN style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">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;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">-</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">Balance,
  </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">March
  31, 2016</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(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 lang=IN style="font-size:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(3,998</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(51</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(377</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(4,455</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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:7.0pt;">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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">307</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,434</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">19</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">203</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=X-NONE style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,963</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;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;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" 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:96.52%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=36% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">Goodwill</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">Software</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">License</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">Other intangible 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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">Total</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">Gross carrying
  amount:</font></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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=X-NONE style="font-size:7.0pt;">Balance,
  December 31, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">322</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">4,771</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">67</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">572</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">5,732</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">Additions</font></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">489&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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></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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">1,5</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">14&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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;">Deductions</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">(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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">(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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">Reclassifications/translations</font></p>
  </td>
 <td valign=bottom width=12% 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=X-NONE style="font-size:7.0pt;">(1</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 lang=X-NONE style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">8</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">(1</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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=X-NONE style="font-size:7.0pt;">Balance, </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">December 31, 2015</font></p>
  </td>
 <td valign=bottom width=12% 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;">336</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">6,2</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">67&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">68</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">7,2</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">51&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">Accumulated
  amortization</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> and impairment
  losses</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">:&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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=X-NONE style="font-size:7.0pt;">Balance,
  December 31, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">(29</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(2,862</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(43</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(335</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(3,269</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Amortization</font></p>
  </td>
 <td valign=bottom width=12% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">883&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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(6</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(34</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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 lang=X-NONE style="font-size:7.0pt;">23&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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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;">Deductions</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">Reclas</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">s</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">ifications/translations&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">(4</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">-</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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">(4</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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=X-NONE style="font-size:7.0pt;">Balance, </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">December 31, 2015</font></p>
  </td>
 <td valign=bottom width=12% 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;">(29</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(3,7</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">48&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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(49</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(369</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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% 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;">(4,</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">195&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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=36% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">Net Book
  Value</font></b></p>
  </td>
 <td valign=bottom width=12% 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;">307</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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;">2,519</font></b></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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">19</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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;">211</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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;">3,056</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:1.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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;">(i)&#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, </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;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and 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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> The addition of goodwill in the
current year resulted from acquisition of MNDG</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> (Note 1d).</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
&nbsp;</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><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; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)&#160;&#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 - 6</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
years.</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; (</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;">ii)&#160; As of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016,</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;">2,527&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.5in;"><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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">50</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.5in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TRADE PAYABLES</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> AND OTHER PAYABLES</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:19.8pt;text-align:justify;text-indent:-1.6pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">This account are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:19.8pt;text-align:justify;text-indent:-1.6pt;"><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:96.52%;">
 <tr>
  <td valign=top width=58% 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=top 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=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 lang=IN style="font-size:10.0pt;">March
  31, 2016</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 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 lang=IN style="font-size:10.0pt;">December
  31, 2015</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;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;">Trade
  payables</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 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;">13,976</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 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;">13,994</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Other
  payables</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 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 lang=IN style="font-size:10.0pt;">215</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="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;">290</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Total</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></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;">14,191</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></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;">14,284</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.9pt;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:18.9pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">The breakdowns of
trade payables are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.9pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN 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:96.52%;">
 <tr>
  <td valign=top width=58% 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=top 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=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 lang=IN style="font-size:10.0pt;">March
  31, 2016</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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 lang=IN style="font-size:10.0pt;">December
  31, 2015</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=20% 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;">&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=20% 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;">&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.3in;"><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=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">1,019</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">1,891</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Payables to other telecommunication providers</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">484</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">184</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Sub-total</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">1,503</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">2,075</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Third parties</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;"><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=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=20% 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=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.3in;"><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=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">10,486</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">9,593</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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:-.3in;"><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=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">976</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">1,328</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Payables to other telecommunication providers</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">1,011</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">998</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">12,473</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">11,919</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">13,976</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">13,994</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:18.9pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Trade
payables by currency are as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:18.9pt;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:96.52%;">
 <tr>
  <td valign=top width=58% 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=top 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=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 lang=IN style="font-size:10.0pt;">March
  31, 2016</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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 lang=IN style="font-size:10.0pt;">December
  31, 2015</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;">11,364</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;">11,1</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">69&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;">2,526</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;">2,79</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;">86</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;">34</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;">13,976</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;">13,994</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Refer to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party
transactions. </font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; ACCRUED EXPENSES</font></b></p>

<p style="background:white;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="background:white;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=60% 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=top 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 lang=IN style="font-size:10.0pt;">March 31, 2016</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 lang=IN 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 lang=IN style="font-size:10.0pt;">December 31, 2015</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Operations,
  maintenance and telecommunication 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;">5,863</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;">4,459</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">General,
  administrative and marketing expenses</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;">2,239</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;">1,8</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">59&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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Salaries
  and benefits</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;">2,311</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;">1,689</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Interest
  expenses and administration bank charges</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;"><b><font color=windowtext face=arial,sans-serif lang=IN 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">248</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;"><b><font color=windowtext face=arial,sans-serif lang=IN 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">240</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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 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;">&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 lang=IN style="font-size:10.0pt;">10,661</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN 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;">8,247</font></b></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;"><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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Refer
to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party
transactions. </font></p>

<p align=left style="background:white;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="background:white;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>





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



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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">51</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_56"></a><a name="_bclPageBorder56"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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</font></b><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;">.&#160; UNEARNED INCOME</font></b></p>

<p style="background:white;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:96.52%;">
 <tr>
  <td valign=top width=58% 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=top 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=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 lang=IN style="font-size:10.0pt;">March
  31, 2016</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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 lang=IN style="font-size:10.0pt;">December
  31, 2015</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">4,312</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">3,630</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">206</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">96</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">416</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">634</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">4,934</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">4,360</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;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="background:white;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="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; SHORT-TERM BANK LOANS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> AND </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CURRENT MATURITIES OF LONG-TERM BORROWINGS</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The breakdown of short-term bank loans
is as follows:</font></p>

<p align=left style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=58% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;"><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="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;">March, 31 2016</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 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 lang=IN style="font-size:10.0pt;">December 31, 2015</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;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;">Short-term bank loans</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 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;">409</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 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;">602</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Current
  maturities of long-term
  borrowings</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 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 lang=IN style="font-size:10.0pt;">3,949</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="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;">3,842</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Jumlah</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></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;">4,358</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></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;">4,444</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:12.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:76.5pt;text-align:justify;text-indent:-55.5pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Short-term
bank loans</font></p>

<p style="background:white;margin-bottom:0in;margin-left:27.0pt;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:8.0pt;">&#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:93.06%;">
 <tr>
  <td valign=top 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=top 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=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: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=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:8.0pt;">March 31, 2016</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=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:8.0pt;">December 31, 2015</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top 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=top 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=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: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=25% 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;">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:8.0pt;">&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:8.0pt;">Outstanding</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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 lang=IN style="font-size:8.0pt;">Kreditur</font></b></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;"><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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Mata uang</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=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:8.0pt;">Original currency</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> (dalam
  jutaan)</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=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:8.0pt;">Rupiah </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Rupiah&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=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:8.0pt;">Original currency</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> (dalam jutaan)</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=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:8.0pt;">Rupiah </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Rupiah&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;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;">UOB</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;"><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;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;">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;"><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;padding: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=bottom 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>
 <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:8.0pt;">55</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;"><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;padding:0in 0in 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=bottom 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>
 <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:8.0pt;">200</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Bank CIMB Niaga</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">147</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">152</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <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 Danamon</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;"><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;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;">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;"><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;padding: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=bottom 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>
 <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:8.0pt;">-</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;"><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;padding:0in 0in 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=bottom 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>
 <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:8.0pt;">80</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Standard Chartered</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">90</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:8.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:8.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;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;">Others</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;"><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;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;">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;"><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;padding: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=bottom 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>
 <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:8.0pt;">117</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;"><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;padding:0in 0in 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=bottom 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>
 <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:8.0pt;">170</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=IN style="font-size:8.0pt;">Total</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
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  <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:8.0pt;">409</font></b></p>
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  <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:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">602</font></b></p>
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<p style="background:white;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;">Refer to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party transactions.</font></p>

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

<P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" 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: 0in; MARGIN: 0in" 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=IN 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=IN color=windowtext face=arial,sans-serif>For the Three Months Period Ended March 31, 2016 and 2015 (unaudited)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" 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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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; 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"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; BACKGROUND: white" align=left>
<A href="#TOC"><U><FONT style="FONT-SIZE: 8pt" lang=EN-US 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: -22.4pt; MARGIN: 0in 0in 0in 17.5pt; BACKGROUND: white"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>1</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>.&nbsp;&nbsp; SHORT-TERM BANK LOANS</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> AND </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>CURRENT MATURITIES OF LONG-TERM BORROWINGS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -59.7pt; MARGIN: 0in 0in 0pt 76.5pt; VERTICAL-ALIGN: baseline"><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;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Short-term bank loans (continued)</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Other significant information relating to short-term bank loans as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>March 31, 2016</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> is 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>Borrower</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>Currency</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 facility (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>Maturity date</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>Interest Payment period</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>Interest Rate per annum</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>Security</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><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Bank CIMB Niaga</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></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" lang=EN-GB color=windowtext face=Arial,sans-serif>April 25, 2005</FONT><SUP><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>a</FONT></SUP></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>Balebat</FONT><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>e</FONT></SUP></P></TD>

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   <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>

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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>Rp</FONT></P></TD>

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   <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; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>12</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>&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></FONT>&nbsp;</P></TD>

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   <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>

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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>38</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>&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></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>Trade receivables(Note 5)</FONT><FONT style="FONT-SIZE: 8pt" lang=IN 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=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></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 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>March 27, 2013</FONT><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>b</FONT></SUP></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" 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="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Infomedia</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <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" 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" 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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>October 18, 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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" 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: 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="10%">

   <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>12.00</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; PADDING-TOP: 0in" vAlign=bottom 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=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>Trade receivables(Note 5)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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></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 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>April 28, 2013</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; 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" lang=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="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" 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: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <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" lang=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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" 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; PADDING-TOP: 0in" vAlign=bottom 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="10%">

   <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>June 24, 2016</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>&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: 8pt" 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; 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="10%">

   <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>11.50</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; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 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" color=windowtext face=Arial,sans-serif>Property and equipment (Note 9)</FONT><FONT style="FONT-SIZE: 8pt" lang=IN 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=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></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 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>September 22, 201</FONT><FONT style="FONT-SIZE: 8pt" 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; 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Balebat<SUP>e</SUP></FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <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" 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" 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; 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>July</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif> 3</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>7&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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" 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: 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="10%">

   <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>13.00</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; PADDING-TOP: 0in" vAlign=bottom 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=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>Trade receivables(Note 5), inventories (Note 6) </FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>property and equipment (Note 9)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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></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 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>October 29, 2014</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>Infomedia Solusi Humanika<SUP>f</SUP></FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-GB 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" lang=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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB 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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>October 29, 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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB 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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>12.00%</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 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=EN-GB color=windowtext face=Arial,sans-serif>Trade receivables (Note 5)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>UOB</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" 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="10%">

   <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=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; PADDING-TOP: 0in" vAlign=top width="10%">

   <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=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; PADDING-TOP: 0in" vAlign=top width="10%">

   <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: 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="10%">

   <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: 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="10%">

   <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: 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="10%">

   <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: 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="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=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></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 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>November 22, 2013</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>Infomedia</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-GB 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" lang=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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>November 22, 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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB 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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>12.00%</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 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=EN-GB color=windowtext face=Arial,sans-serif>Trade receivables (Note 5)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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></TR>

<TR>

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

   <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>SCB</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" 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="10%">

   <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=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; PADDING-TOP: 0in" vAlign=top width="10%">

   <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=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; PADDING-TOP: 0in" vAlign=top width="10%">

   <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: 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="10%">

   <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: 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="10%">

   <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: 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="10%">

   <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: 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="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=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></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: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>June</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif> 16, 2013</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <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>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: 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; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-GB 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" lang=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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>June 3</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB 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=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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB 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: 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="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>10.50%</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: 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=EN-GB color=windowtext face=Arial,sans-serif>Trade receivables (Note 5)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt; BACKGROUND: white"><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; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The credit facilities were obtained by the Company&#8217;s subsidiaries for working capital purposes.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt; BACKGROUND: white"><FONT style="FONT-SIZE: 5pt" 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; BACKGROUND: white"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>a</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; Based on the latest amendment on </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>December 14</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>5.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt; BACKGROUND: white"><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; Based on the latest amendment on </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>December 21</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>, 2015.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt; BACKGROUND: white"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>c</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; Based on the latest amendment on </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>November 11</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>, 2014</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt; BACKGROUND: white"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>d&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 </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>August 11</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>5.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt; BACKGROUND: white"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>e&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>MD Media&#8217;s subsidiary.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt; BACKGROUND: white"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>f&nbsp;&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Infomedia&#8217;s subsidiary.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US 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: 11pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

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<TABLE border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>53</FONT></P></TD></TR></TABLE></DIV></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0.25in 0pt 0in" align=center><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</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 style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:16.8pt;text-align:left;text-indent:-22.4pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; SHORT-TERM BANK LOANS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> AND </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CURRENT MATURITIES OF LONG-TERM
BORROWINGS (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><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:76.5pt;text-align:justify;text-indent:-59.0pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Current maturities
of long-term borrowings</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#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:93.06%;">
 <tr>
  <td valign=top width=44% 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=top 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=18% 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;">Notes</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=18% 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;">March 31, 2016</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=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 lang=IN style="font-size:10.0pt;">December 31, 2015</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% style="background:#c6d9f1;padding:0in 0in 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;">Bank loans</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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;">16c</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">2,954</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">2,928</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% 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;">Obligations under finance leases</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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;">9</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">723</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">641</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% style="background:#c6d9f1;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;">Two-step loans</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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;">16a</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">225</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">224</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% 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;">Bonds and notes</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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;">16b</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">47</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">49</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% 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 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=18% 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">3,949</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</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 style="font-size:10.0pt;">3,842</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Refer to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party
transactions.</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.2in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;line-height:70%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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:.25in;width:96.52%;">
 <tr>
  <td valign=top width=47% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:10.0pt;">Notes</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=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 lang=IN style="font-size:10.0pt;">2016</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=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 lang=IN style="font-size:10.0pt;">2015</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=47% style="background:#c6d9f1;padding:0in 0in 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;">Bank loans</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=17% 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;">16c</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>
 <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:10.0pt;">15,974</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=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:10.0pt;">15,434</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>
 </tr>
<tr>
  <td valign=bottom width=47% 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;">Bonds and notes</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=17% 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;">16b</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>
 <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:10.0pt;">9,483</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=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 lang=IN style="font-size:10.0pt;">9,499</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>
 </tr>
<tr>
  <td valign=bottom width=47% style="background:#c6d9f1;padding:0in 0in 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;">Obligations under finance leases</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=17% 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;">9</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>
 <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:10.0pt;">3,876</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=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:10.0pt;">3,939</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>
 </tr>
<tr>
  <td valign=bottom width=47% 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;">Two-step loans</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=17% 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;">16a</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>
 <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:10.0pt;">1,273</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=16% 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;">1,296</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>
 </tr>
<tr>
  <td valign=bottom width=47% 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=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=top width=17% 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 lang=IN 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=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;">&nbsp;</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:10.0pt;">30,606</font></b></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=16% 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;">30,168</font></b></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>
 </tr>
</table></div>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">Scheduled
principal payments as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March
31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> are as follows:</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;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:1.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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=10% 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=9 valign=bottom width=58% 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;">Year</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&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:10.0pt;">Notes</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=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:10.0pt;">Total</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=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:10.0pt;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">7&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: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=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:10.0pt;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8&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: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=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:10.0pt;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9&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: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=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:10.0pt;">20</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">20&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: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=14% 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;">Thereafter</font></b></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>
 </tr>
<tr>
  <td valign=bottom 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:10.0pt;">Bank loans</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=bottom 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:10.0pt;">16c</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=bottom 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 lang=IN style="font-size:10.0pt;">15,974</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=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 lang=IN style="font-size:10.0pt;">2,664</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=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 lang=IN style="font-size:10.0pt;">8,074</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=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 lang=IN style="font-size:10.0pt;">1,897</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=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 lang=IN style="font-size:10.0pt;">1,857</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=14% 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;">1,482</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>
 </tr>
<tr>
  <td valign=bottom width=19% 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;">Bonds and notes</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=bottom 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=IN style="font-size:10.0pt;">16b</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=bottom 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:10.0pt;">9,483</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=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:10.0pt;">23</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=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:10.0pt;">31</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=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:10.0pt;">251</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=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:10.0pt;">2,146</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=14% 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;">7,032</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>
 </tr>
<tr>
  <td valign=bottom width=19% 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;">Obligations
  under finance leases</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=bottom 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:10.0pt;">9</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=bottom 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 lang=IN style="font-size:10.0pt;">3,876</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=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 lang=IN style="font-size:10.0pt;">530</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=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 lang=IN style="font-size:10.0pt;">656</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=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 lang=IN style="font-size:10.0pt;">600</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=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 lang=IN style="font-size:10.0pt;">620</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=14% 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;">1,470</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>
 </tr>
<tr>
  <td valign=bottom width=19% 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;">Two-step loans</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=bottom 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=IN style="font-size:10.0pt;">16a</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=bottom width=10% 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;">1,273</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=10% 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;">195</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=10% 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;">203</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=10% 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;">183</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=10% 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;">183</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=14% 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;">509</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>
 </tr>
<tr>
  <td valign=bottom width=19% 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 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=10% 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% 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;">30,606</font></b></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=10% 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;">3,412</font></b></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=10% 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;">8,964</font></b></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=10% 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;">2,931</font></b></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=10% 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;">4,806</font></b></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=14% 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;">10,493</font></b></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>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;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:76.5pt;text-align:justify;text-indent:-58.5pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Two-step
loans</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:76.5pt;text-align:justify;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:36.35pt;text-align:justify;text-indent:.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Two-step
loans are unsecured loans obtained by the Government from overseas banks which
are then re-loaned to the Company. Loans </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">obtained&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
up to July 1994 are payable in rupiah based on the exchange rate at the date of
drawdown. Loans </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">obtained&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;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:93.06%;">
 <tr>
  <td valign=top width=35% 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=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;"><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-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=25% 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;">March 31, 2016</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: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-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;">December 31, 2015</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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=35% 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=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;"><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-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=25% 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=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>
 <td colspan=3 valign=bottom width=25% 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=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>
  <td valign=bottom width=35% 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:10.0pt;">Lenders</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">Rupiah equivalent</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: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-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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">Rupiah equivalent</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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Overseas banks</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">Yen</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">6,911</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">816</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:10.0pt;">&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:10.0pt;">6,911</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">792</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=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=12% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:-9.0pt;"><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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-9.0pt;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">362</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:10.0pt;">&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:-9.0pt;"><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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-9.0pt;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">365</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=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=bottom width=12% 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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">24</font></p>
  </td>
 <td valign=bottom 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:-9.0pt;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">320</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:10.0pt;">&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:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">26</font></p>
  </td>
 <td valign=bottom 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:-9.0pt;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">363</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Total</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% 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=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=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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=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:10.0pt;">1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">,</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">498&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:10.0pt;">&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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=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:10.0pt;">1,520</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Current maturities (Note 1</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;">b.i)&nbsp;</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% 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=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=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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=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:10.0pt;">(225</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:10.0pt;">)</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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=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:10.0pt;">(224</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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Long-term portion </font></b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(Note 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 style="font-size:10.0pt;">b)&nbsp;</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% 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=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;"><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=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>
 <td valign=bottom 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;"><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: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;">1,273</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:10.0pt;">&nbsp;</font></b></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;"><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=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>
 <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:10.0pt;">1,296</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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:27.0pt;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:8.0pt;">&#160;&#160;&#160; &nbsp;</font></b></p>





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<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 italic" lang=X-NONE style="font-size:8.0pt;">These consolidated
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<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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:-4.9pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; LONG-TERM BORROWINGS (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:76.5pt;text-align:justify;text-indent:-58.5pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Two-step
loans (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:31.5pt;width:93.92%;">
 <tr>
  <td valign=bottom width=30% 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:8.0pt;">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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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=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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;">Principal payment schedule</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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=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:6.0pt;">&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-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=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:6.0pt;">&nbsp;</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:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Overseas banks</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% 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;">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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% 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;">Semi-annually</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% 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;">Semi-annually</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% 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;">3.85%</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:6.0pt;">&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:0in;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=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=top width=14% 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=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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% 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;">Semi-annually</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% 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;">Semi-annually</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% 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;">8.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">25</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=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:6.0pt;">&nbsp;</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:0in;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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% 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;">Yen</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% 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;">Semi-annually</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% 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;">Semi-annually</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% 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;">2.95%</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:6.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:32.2pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:23.2pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:32.2pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company had used all
facilities under the two-step loans program since 2008.</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:32.2pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under the loan covenants,
the Company is required to maintain financial ratios as follows: </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:49.65pt;text-align:justify;text-indent:-17.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.&#160;&#160; 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:49.65pt;text-align:justify;text-indent:-17.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160;&#160; 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:36.4pt;text-align:justify;text-indent:-14.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:30.8pt;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;">March 31</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;">6</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
the Company has complied with the above-mentioned ratios. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:30.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:30.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Refer to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party
transactions. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;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:76.5pt;text-align:justify;text-indent:-58.5pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bonds and
notes</font></p>

<p style="background:white;margin-bottom:0in;margin-left:27.0pt;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:8.0pt;">&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:9.0pt;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">The breakdownn of bonds and notes is as
follows:</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:31.5pt;width:93.92%;">
 <tr>
  <td valign=top width=34% 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=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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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=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=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:8.0pt;">March 31, 2016</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 colspan=3 valign=bottom width=25% 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;">December 31, 2015</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=top width=34% 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=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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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=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=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:8.0pt;">Outstanding</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 colspan=3 valign=bottom width=25% 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;">Outstanding</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=34% 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:8.0pt;">Bonds and notes</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">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:8.0pt;">(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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% 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;">Rupiah equivalent</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;">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:8.0pt;">(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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">Rupiah equivalent</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 style="height:.15in;">
  <td valign=bottom width=34% style="background:#c6d9f1;height:.15in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Bonds</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.15in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;height:.15in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.15in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% 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=IN style="font-size:8.0pt;">2010:</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% 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=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=12% 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=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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% 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=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=12% 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=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=34% 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 style="font-size:8.0pt;">Series B</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">1,995</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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">1,995</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=34% 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=IN style="font-size:8.0pt;">2015:</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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 lang=IN style="font-size:8.0pt;">&nbsp;</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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN 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;">&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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% 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 style="font-size:8.0pt;">Series A</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">2,200</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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">2,200</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=34% 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:8.0pt;">Series B</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">2,100</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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">2,100</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=34% 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 style="font-size:8.0pt;">Series C</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">1,200</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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">1,200</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=34% 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:8.0pt;">Series D</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">1,500</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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">1,500</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=34% 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;">Medium Term Notes (&#8220;MTN&#8221;)</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">&nbsp;</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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN 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;">&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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% 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=IN style="font-size:8.0pt;">GSD</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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 lang=IN style="font-size:8.0pt;">&nbsp;</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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN 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;">&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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% 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 style="font-size:8.0pt;">Series A</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">220</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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">220</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=34% 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:8.0pt;">Series B</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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: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>
 <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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">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=34% 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;">Finnet</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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;">&nbsp;</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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN 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;">&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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% 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:8.0pt;">MTN I</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">192</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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">200</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=34% 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;">Promissory notes</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% 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;">&nbsp;</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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=IN 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;">&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=34% 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=IN style="font-size:8.0pt;">PT Huawei</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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 lang=IN style="font-size:8.0pt;">US$</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">1</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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: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 lang=IN style="font-size:8.0pt;">1</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">14</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=34% 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;">PT ZTE Indonesia (&#8220;ZTE&#8221;)</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">1</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">9</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;">&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;">1</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">14</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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% 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;">Total</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% 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=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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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:8.0pt;">9,544</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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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;">9,563</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=34% 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;">Unamortized debt issuance cost</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% 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;">&nbsp;</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: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=right style="margin-bottom:0in;margin-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=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:8.0pt;">(14</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=right style="margin-bottom:0in;margin-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=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;">(15</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>
 </tr>
<tr>
  <td valign=bottom width=34% 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=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=top width=12% 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=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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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:8.0pt;">9,530</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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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;">9,548</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=34% 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;">Current maturities (Note </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">15b.i</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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% 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;">&nbsp;</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: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=right style="margin-bottom:0in;margin-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=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:8.0pt;">(47</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=right style="margin-bottom:0in;margin-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=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;">(49</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>
 </tr>
<tr>
  <td valign=bottom width=34% 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;">Long-term portion</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=12% 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=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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></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;"><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=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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">9,483</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="padding:0in 0in 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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><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: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;">9,499</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="background:white;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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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:8.0pt;">&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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">55</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</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:18.2pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:18.2pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.&#160;&#160; Bonds and notes (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:60.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-60.2pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">i.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">Bonds&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:175.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:40.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-3.95pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">2010</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.5pt;line-height:normal;">&#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:93.04%;">
 <tr>
  <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:8.0pt;">Bonds</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>
  </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;">Issuer</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;">Listed on</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;">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=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;">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=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 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 rate per
  annum</font></b></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=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Series A</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=bottom 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;">1,005</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;">The Company</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=bottom 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;">IDX</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=bottom width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <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 25, 2010</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <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 6, 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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;">Quarterly</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=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;">9.60%</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>
<tr>
  <td valign=bottom width=20% 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;">Series B</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=bottom 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:8.0pt;">1,995</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 align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><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=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=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;">IDX</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=bottom width=10% 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;">June 25, 2010</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;">July 6, 2020</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=bottom 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;">Quarterly</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=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;">10.20%</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=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Total</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=bottom 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;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">3,000</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;"><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=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=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=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=10% 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=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=10% 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=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=10% 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=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=10% 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=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>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="background:white;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 bonds are secured by
all of the Company&#8217;s assets, movable or non-movable, either existing or in the
future (Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9c</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.x). The underwriters of the bonds are
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">PT Bahana
Securities (&#8220;Bahana&#8221;)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, PT
Danareksa Sekuritas, and PT Mandiri Sekuritas and the trustee is PT CIMB Niaga
Tbk.</font></p>

<p style="background:white;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="background:white;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 received the
proceeds from the issuance of bonds on July 6, 2010.</font></p>

<p style="background:white;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="background:white;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 funds received from
the public offering of bonds net of issuance costs, were used to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">finance&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> capital expenditures which consisted
of wave broadband (bandwidth, softswitching, datacom, information technology
and others) and 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>

<p style="background:white;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="background:white;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;"> March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the rating of the bonds issued by PT
Pemeringkat Efek Indonesia (Pefindo) is idAAA (stable outlook).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;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="background:white;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 the indenture
trust</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;"> agreement, the Company is required to
comply with all covenants or restrictions, including maintaining financial
ratios as follows:</font></p>

<p style="background:white;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;">1.&#160;&#160; Debt to equity ratio should not
exceed 2:1.</font></p>

<p style="background:white;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;">2.&#160;&#160; EBITDA to finance costs ratio
should not be less than 5:1.</font></p>

<p style="background:white;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;">3.&#160;&#160; Debt service coverage is at least
125%.</font></p>

<p style="background:white;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="background:white;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;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company has complied with the
above-mentioned ratios.</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:.25in;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="background:white;margin-bottom:.0001pt;margin-left:49.95pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.3pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font></b></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.04%;">
 <tr>
  <td valign=bottom width=20% 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;">Bonds</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">Principal</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">Issuer</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">Listed on</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">Issuance date</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">Maturity date</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">Interest payment period</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">Interest rate per annum</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;">Series A</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">2,200</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">The Company</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">IDX</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">June 23, 2015</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">June 23, 2022</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Quarterly</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">9.93%</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;">Series B</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">2,100</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">The Company</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">IDX</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">June 23, 2015</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">June 23, 2025</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Quarterly</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">10.25%</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;">Series C</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">1,200</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">The Company</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">IDX</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">June 23, 2015</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">June 23, 2030</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Quarterly</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">10.60%</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;">Series D</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">1,500</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">The Company</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">IDX</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">June 23, 2015</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% 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;">June 23, 2045</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">Quarterly</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></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;">11.00%</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Total</font></b></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">7,000</font></b></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><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=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=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;"><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=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=10% 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=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=10% 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=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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></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;"><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=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>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;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 bonds are secured by
all of the Company&#8217;s assets, movable or non-movable, either existing or in the
future </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(Note 9c.x).</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> The underwriters of the bonds are
Bahana, PT Danareksa Sekuritas, PT Mandiri Sekuritas, and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">PT Trimegah Sekuritas and </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the trustee is </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bank Permata</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;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 align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">56</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;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:76.5pt;text-align:justify;text-indent:-59.0pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bonds and
notes (continued)</font></p>

<p style="background:white;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="background:white;margin-bottom:.0001pt;margin-left:44.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-44.5pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">i.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">Bonds (continued)</font></p>

<p style="background:white;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="background:white;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 received the
proceeds from the issuance of bonds on Ju</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ne 23</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</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;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 funds received from
the public offering of bonds net of issuance costs, were used to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">finance </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">capital
expenditures which consisted of wave broadband</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;">
backbone, metro network, regional metro junction, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">information technology application,
support, and merger and acquisition some domestic and international entities. </font></p>

<p style="background:white;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="background:white;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 the indenture
trust</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;"> agreement, the Company is required to
comply with all covenants or restrictions, including maintaining financial
ratios as follows:</font></p>

<p style="background:white;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;">1.&#160;&#160; Debt to equity ratio should not
exceed 2:1.</font></p>

<p style="background:white;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;">2.&#160;&#160; EBITDA to finance costs ratio
should not be less than </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;">:1.&nbsp;</font></p>

<p style="background:white;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;">3.&#160;&#160; Debt service coverage is at least
125%.</font></p>

<p style="background:white;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="background:white;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;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company has complied with the
above-mentioned ratios.</font></p>

<p style="background:white;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="background:white;margin-bottom:.0001pt;margin-left:175.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-175.5pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">ii.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">MTN&nbsp;</font></p>

<p style="background:white;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:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:.3in;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">GSD&nbsp;</font></b></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:.3in;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:49.5pt;width:90.46%;">
 <tr>
  <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 lang=IN style="font-size:8.0pt;line-height:normal;">Notes</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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;line-height:normal;">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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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:8.0pt;line-height:normal;">Principal</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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;line-height:normal;">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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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=IN style="font-size:8.0pt;line-height:normal;">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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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:8.0pt;line-height:normal;">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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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:8.0pt;line-height:normal;">Interest rate per annum</font></b></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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;font-weight:normal;line-height:normal;">Series A</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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:7.5pt;font-weight:normal;line-height:normal;">220</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">November 14, 2014</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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:7.5pt;font-weight:normal;line-height:normal;">November 14, 2019</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.5pt;font-weight:normal;line-height:normal;">Semi-annually</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.5pt;font-weight:normal;line-height:normal;">11%</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.5pt;font-weight:normal;line-height:normal;">Series </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">B&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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.5pt;font-weight:normal;line-height:normal;">120</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">March 6, 2015</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.5pt;font-weight:normal;line-height:normal;">March 6, 2020</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">Semi-annually</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">11%</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.5pt;line-height:normal;">Total</font></b></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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=13% 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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></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:7.5pt;line-height:normal;">340</font></b></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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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;font-weight:normal;line-height:normal;">Based
on </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">A</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">greement of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">I</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">ssuance
and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">A</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">ppointment of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">M</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">onitoring
and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">I</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">nsurance </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">A</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">gents
of Medium Term Notes </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">PT Graha Sarana Duta Year 2014 dated
November 13, 2014 as covered by notarial deed N</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">o. 30 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">of Arry Supratno, S.H.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">, GSD will issue MTN with the
principle amount up to Rp500 billion in series.</font></p>

<p style="background:white;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;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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;">PT Mandiri Sekuritas act as the
Arranger, Bank Mandiri as the Monitoring and Insurance Agent, and PT Kustodian Sentral Efek Indonesia
(&#8220;KSEI&#8221;) as the
Custodian. The funds obtained from MTN are used for investment projects.</font></p>

<p style="background:white;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;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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;">Trade receivables, inventories, land
and building related with investment development funded by MTN that has owned
or will be owned by GSD (</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">N</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ote</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;">
6, 7 and 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;">).&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Under</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> to the agreement, GSD is required to comply with all
covenants or restrictions including maintaining financial ratios as follows :</font></p>

<p style="background:white;margin-bottom:0in;margin-left:53.8pt;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:10.0pt;">1.</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;">Debt to equity ratio
should not </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">exceed&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 6</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;">5:1.&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:53.8pt;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:10.0pt;">2.</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;">EBITDA to interest ratio
should </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">not
be less than</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;">.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">2:1.&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:53.8pt;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:10.0pt;">3.</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;">Minimum current ratio
is 120%.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:53.8pt;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:10.0pt;">4.</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;">Maximum leverage
ratio is 450%.</font></p>

<p style="background:white;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;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;font-weight:normal;line-height:normal;">As of March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">,
GSD has complied with the above-mentioned ratios.</font></p>

<p style="background:white;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;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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;font-weight:normal;line-height:normal;">&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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">57</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:76.5pt;text-align:justify;text-indent:-59.0pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bonds and
notes (continued)</font></p>

<p style="background:white;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="background:white;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">ii.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">MTN (continued)</font></p>

<p style="background:white;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:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:.3in;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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Finnet</font></b></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:.3in;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:49.5pt;width:90.46%;">
 <tr>
  <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 lang=IN style="font-size:8.0pt;line-height:normal;">Notes</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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;line-height:normal;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&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:8.0pt;line-height:normal;">Principal</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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;line-height:normal;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:8.0pt;line-height:normal;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&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:8.0pt;line-height:normal;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&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:8.0pt;line-height:normal;">Interest rate per annum</font></b></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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% style="background:#c6d9f1;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:7.5pt;font-weight:normal;line-height:normal;">MTN I Finnet</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.5pt;font-weight:normal;line-height:normal;">&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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% 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:7.5pt;font-weight:normal;line-height:normal;">2015</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">Rp</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">200</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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:7.5pt;font-weight:normal;line-height:normal;">Juli 1, 2015</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">Juli 1, 2022</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">Quarterly</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">11%</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 lang=IN style="font-size:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:7.5pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:97%;">Based on Agreement of Debt Acknowledgement of Medium Term
Notes (MTN) I Finnet Year 2015 dated June 30, 2015 as covered by notarial deed
No. 47 of Utiek R. Abdurachman, S.H., MLI., MKn., Finnet will issue MTN through
private placement with the principle amount up to Rp200 billion.</font></p>

<p style="background:white;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:10.0pt;font-weight:normal;line-height:normal;">PT BNI Asset Management acts as the arranger, PT Bank Mega Tbk as the
trustee and KSEI as the Custodian.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The funds obtained from MTN are used
for Finnet&#8217;s working capital related to </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Retail
National </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Channel&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Bank</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> project as Telkomsel&#8217;s billing
payment aggregator.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The rating of the MTN issued by PT
Fitch Rating Indonesia is A (ind). The MTN is not secured by any specific
collateral. The MTN are secured by all of Finnet&#8217;s assets, movable or
non-movable either existing or in the future.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Under the agreement, Finnet is
required to comply with all covenants or restrictions, including maintaining
financial ratios as follows :</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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:10.0pt;">1.</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;">Debt to equity ratio
should not </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">exceed 3.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">5:1.&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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:10.0pt;">2.</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;">EBITDA to interest
ratio should </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">not
be less than
2.5</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:1.&nbsp;</font></p>

<p style="background:white;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;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;font-weight:normal;line-height:normal;">As of March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">,
Finnet has complied with the above-mentioned ratios.</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-49.5pt;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">iii.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">Promissory
Notes</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:49.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:49.5pt;width:90.44%;">
 <tr>
  <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 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 lang=IN 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: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 lang=IN 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:8.0pt;">Principal<sup>*</sup></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 lang=IN 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: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 lang=IN 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:8.0pt;">Principal 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 lang=IN 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: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 lang=IN 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:8.0pt;">Interest rate per
  annum</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">PT Huawei</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">0.2</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:7.0pt;">&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 style="font-size:7.0pt;">April 30, 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">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:7.0pt;">(January 30, 2016-
  July 30, 2016)</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:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=22% 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:7.0pt;">ZTE</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">0.1</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 lang=IN style="font-size:7.0pt;">&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 style="font-size:7.0pt;">August 20, 2009<sup>a</sup></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:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">(February 4, 2016 -
  February 4, 2017)</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:7.0pt;">&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:7.0pt;">Semi-annually</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">&#160;&#160; &nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160; <sup>*</sup></font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">In original currency</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><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=IN style="font-size:8.0pt;">B</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">ased 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="background:white;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="background:white;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 each ZTE
and PT Huawei, the promissory notes issued by the Company to each of ZTE and PTHuawei
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-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:8.0pt;">&nbsp;</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:8.0pt;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#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:22.5pt;text-align:justify;text-indent:-4.3pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bank loan</font></p>

<p style="background:white;margin-bottom:0in;margin-left:27.0pt;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:8.0pt;">&#160;&#160;&#160; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:31.5pt;width:93.92%;">
 <tr>
  <td valign=bottom width=32% 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=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=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:8.0pt;">&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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=27% 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;">March 31, 2016</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 colspan=3 valign=bottom width=25% 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;">December 31, 2015</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=32% 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=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=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:8.0pt;">&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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=27% 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;">Outstanding</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 colspan=3 valign=bottom width=25% 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;">Outstanding</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=32% 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:8.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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;">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:8.0pt;">(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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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;">Rupiah equivalent</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;">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:8.0pt;">(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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">Rupiah equivalent</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=32% 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;">Syndication of banks</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">4,900</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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">4,900</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=32% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;"><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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">3,515</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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">3,430</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=32% 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;">The Bank of Tokyo-Mitsubishi-UFJ, Ltd.</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">2,425</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;">&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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">2,370</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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=32% 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=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 lang=IN style="font-size:8.0pt;">&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;"><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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">75</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">996</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 lang=IN 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;">75</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">1,035</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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=32% 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;">BRI</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">2,283</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;">&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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">1,806</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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=32% 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;">Bank Mandiri</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;"><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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">2,199</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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">2,191</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=32% 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 </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Bank ANZ Indonesia</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">90</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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">90</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=32% 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=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 lang=IN style="font-size:8.0pt;">&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;"><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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">75</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">996</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 lang=IN 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;">75</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">1,035</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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=32% 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 CIMB Niaga</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">856</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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">770</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=32% 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 </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Bank Sumitomo Mitsui Indonesia</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">465</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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">370</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=32% 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;">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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">19</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">250</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;">22</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">303</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=32% 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 Bank Central Asia Tbk (&#8220;BCA&#8221;)</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;"><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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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: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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">111</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=32% 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;">Others</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:8.0pt;">18</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;">&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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;">19</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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=32% 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;">Total</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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;"><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=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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">18,993</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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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;">18,430</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=32% 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;">Unamortized debt issuance cost</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=13% 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;">&nbsp;</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">(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 lang=IN 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 lang=IN style="font-size:8.0pt;">(68</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>
 </tr>
<tr>
  <td valign=bottom width=32% 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=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=top 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;"><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=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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">18,928</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;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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;">18,362</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=32% 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;">Current maturities (Note 1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5b</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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=13% 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;">&nbsp;</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">(2,954</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=right style="margin-bottom:0in;margin-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=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;">(2,928</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>
 </tr>
<tr>
  <td valign=bottom width=32% 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;">Long-term portion</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top 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:8.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><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=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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">15,974</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="padding:0in 0in 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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><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: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;">15,434</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="background:white;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="background:white;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 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party
transactions. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
is as follows:</font></p>

<p style="background:white;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=EN-US style="font-size:7.0pt;">&#160;&#160;&#160; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top 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:7.0pt;">&nbsp;</font></b></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;"><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;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:7.0pt;">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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Total facility*(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:7.0pt;">&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:7.0pt;">Current Period
  payment (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:7.0pt;">&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:7.0pt;">Principal 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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">Interest rate 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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Security</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.0pt;">Syndication of banks</font></b></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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">December 19, 2012</font></p>
  <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:7.0pt;">(BNI, BRI and Bank
  Mandiri)<sup> a</sup></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">Dayamitra</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">2,500</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:7.0pt;">&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:7.0pt;">300</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:7.0pt;">&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:7.0pt;">Semi-annually</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2014-2020)</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:7.0pt;">&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:7.0pt;">Quarterly</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:7.0pt;">&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:7.0pt;">3 months</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">JIBOR+3.00%</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Trade receivables
  (Note 5)</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> property and
  equipment (Note 9)</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">March 13, 2015</font></p>
  <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:7.0pt;">(BNI and BCA)<sup>
  a&amp;j</sup></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">The Company</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">2,900</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:7.0pt;">&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Semi-annually</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2016-2022)</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:7.0pt;">&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Quarterly</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:7.0pt;">&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3 months</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">JIBOR+2.5%</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">None</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">March 13, 2015</font></p>
  <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:7.0pt;">(BNI and BCA)<sup>
  a&amp;j</sup></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">GSD</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">100</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:7.0pt;">&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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">Semi-annually</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2016-2022)</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:7.0pt;">&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:7.0pt;">Quarterly</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:7.0pt;">&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:7.0pt;">3 months</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">JIBOR+2.5%</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">None</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.0pt;">BNI</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><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;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:7.0pt;">&nbsp;</font></b></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;"><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;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:7.0pt;">&nbsp;</font></b></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;"><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;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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><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;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">December 23, 2011<sup>
  a</sup></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">PINS</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">500</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:7.0pt;">&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:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">Semi-annually</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2013-2016)</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:7.0pt;">&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:7.0pt;">Quarterly</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:7.0pt;">&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:7.0pt;">3 months</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">JIBOR+1.50%</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Trade receivables (Note
  5),</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> Inventories (Note
  6)</font><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> &nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">March 13, 2013<sup>a&amp;e</sup></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">Sigma</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">300</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:7.0pt;">&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2016-2020)</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:7.0pt;">&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</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:7.0pt;">&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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1 months</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">JIBOR+3.35%</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">Trade receivables (Note
  5),</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">property and
  equipment (Note 9) </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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">March 26, 2013<sup>a</sup></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">Metra</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Rp</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">60</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:7.0pt;">&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:7.0pt;">5</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:7.0pt;">&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:7.0pt;">Quarterly</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2013-2016)</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:7.0pt;">&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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">10.00%</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">Trade receivables (Note
  5),</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">property and
  equipment (Note 9)</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;"><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: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:7.0pt;">&nbsp;</font></b></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#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:76.5pt;text-align:justify;text-indent:-58.3pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bank loan
(continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;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;">Other significant
information relating to bank loans as of March</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as follows</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:10.0pt;">&#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; &nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&#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; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=16% 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:7.0pt;">&nbsp;</font></b></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;"><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;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=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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Total
  facility</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">*&nbsp;</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:7.0pt;">(in
  billions)</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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:7.0pt;">(in billions)</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Principal
  Payment schedule</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Interest
  Payment period</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Interest
  Rate per annum</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Security</font></b></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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">BNI</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> (continued)</font></b></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 lang=IN style="font-size:7.0pt;">&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;"><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;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=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;"><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;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=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;"><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;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=top width=10% 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;"><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;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=top width=10% 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;"><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;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=top width=10% 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;"><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;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=top width=10% 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;"><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;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=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;"><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;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>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">November</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 20, 2013</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">The
  Company</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Rp</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">1,500</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">375</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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:7.0pt;">(2015-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">8</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 style="font-size:7.0pt;">JIBOR+2.65%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">November
  25, 2013<sup>a</sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Metra</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Rp</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">90</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">30</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">(2013-2016)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=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:7.0pt;">Trade
  receivables (Note 5),</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;">property
  and equipment (Note 9)</font><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;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>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">January
  10</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;">4<sup>
  a&amp;e</sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Sigma</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Rp</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">247</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 lang=IN style="font-size:7.0pt;">(2016-2022)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> month</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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3.35</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">%&nbsp;</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Trade
  receivables
  (Note
  5),</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;">property
  and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">equipment
  (Note 9)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">July
  21, 2014</font><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">
  a</font></sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Metra</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Rp</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">40</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">13</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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 lang=IN style="font-size:7.0pt;">(2015-2017)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">10.00%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Trade
  receivables
  (Note
  5),</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;">property
  and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">equipment
  (Note 9) </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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">November
  3</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;">4 <sup>a&amp;i</sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Telkom</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;">Infratel</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Rp</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">450</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">65</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">5</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;">8</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">1
  month</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+3.35%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Trade
  receivables
  (Note
  5)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">April
  8</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;">5<sup> a</sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">T</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">elkomsel&nbsp;</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Rp</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">1,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">April
  14, 2018</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 style="font-size:7.0pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1.9</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">5%&nbsp;</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">June
  10, 2015<sup> a</sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Metra</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">Rp</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">44</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">7</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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 lang=IN style="font-size:7.0pt;">(2015-2017)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">10.</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">00</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">%&nbsp;</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Trade
  receivables
  (Note
  5),</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;">property
  and
  equipment</font><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;"> (</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Note&nbsp;</font><font color=windowtext face=arial,sans-serif lang=SV style="font-size:7.0pt;"> 9)</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> &nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">October
  12, 2015</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Telkom
  Akses</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Rp</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">1,400</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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 lang=IN style="font-size:7.0pt;">(2016-2019)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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+2.9%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Trade
  receivables
  (Note
  5)</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">inventor</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">ies&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> (Note 6)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">The Bank of Tokyo &#8211;Mitsubishi UFJ, Ltd.</font></b></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 lang=IN style="font-size:7.0pt;">&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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="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>
 </tr>
<tr style="height:4.95pt;">
  <td valign=top width=16% style="background:#c6d9f1;height:4.95pt;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
  9, 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:4.95pt;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>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">Dayamitra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=9% style="background:#c6d9f1;height:4.95pt;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:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=9% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">600</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=10% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=10% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">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:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=10% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=10% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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
  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:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=9% style="background:#c6d9f1;height:4.95pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">Trade
  receivables (Note 5),</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;">property
  and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">equipment
  (Note 9)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:4.95pt;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>
  </td>
 </tr>
</table></div>

<p style="background:white;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=IN style="font-size:7.0pt;">&#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; &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:8.0pt;">&nbsp;</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:8.0pt;">&nbsp;</font></b></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">60</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#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:76.5pt;text-align:justify;text-indent:-58.3pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bank loan
(continued)</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:31.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other significant
information relating to bank loans as of March</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as follows </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=16% 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:7.0pt;">&nbsp;</font></b></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;"><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;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=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:7.0pt;">&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:7.0pt;">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:7.0pt;">&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:7.0pt;">Total
  facility</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">*&nbsp;</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:7.0pt;">(in
  billions)</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:7.0pt;">&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: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=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:7.0pt;">&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:7.0pt;">Principal
  payment schedule</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:7.0pt;">&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:7.0pt;">Interest
  payment period</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:7.0pt;">&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:7.0pt;">Interest
  rate per annum</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:7.0pt;">&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:7.0pt;">Security</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">The Bank of Tokyo &#8211; Mitsubishi UFJ, Ltd. (continued)</font></b></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:7.0pt;">&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;"><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="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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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;"><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="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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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;"><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="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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% 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;"><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="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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% 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;"><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="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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% 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;"><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="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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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;"><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="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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% 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;"><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="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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">March 13</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;">5<sup> </sup><sup>a&amp;j</sup></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:7.0pt;">&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:7.0pt;">Metra</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">300</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">-20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">20</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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:7.0pt;">&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: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 style="font-size:7.0pt;">JIBOR+2.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">5%&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">None</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">March
  13, 2015<sup>
  </sup><sup>a&amp;j</sup></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:7.0pt;">&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:7.0pt;">Infomedia</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:7.0pt;">&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:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">250</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 lang=IN style="font-size:7.0pt;">(2016-2020)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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:7.0pt;">&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: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 style="font-size:7.0pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2.15</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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:7.0pt;">None</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">April
  8, 2015<sup>
  </sup><sup>a</sup></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:7.0pt;">&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:7.0pt;">Telkomsel</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">1,000</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">April
  14, 2018</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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:7.0pt;">&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:7.0pt;">3
  months</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">None</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">April
  8, 2015<sup>
  </sup><sup>a</sup></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:7.0pt;">&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:7.0pt;">Telkomsel</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:7.0pt;">&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:7.0pt;">US$</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:7.0pt;">&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:7.0pt;">0.075</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">April
  14, 2018</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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:7.0pt;">&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:7.0pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1.95</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">%&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:7.0pt;">3
  months</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">None</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">November
  2, 2015</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:7.0pt;">&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:7.0pt;">Dayamitra</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">400</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 lang=IN style="font-size:7.0pt;">(2017-2020)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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:7.0pt;">&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:7.0pt;">LIBOR+1.20%</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;">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+2.6%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Trade
  receivables
  (Note
  5),</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;">property
  and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">equipment
  (Note 9)</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.0pt;">BRI</font></b></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:7.0pt;">&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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;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>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">July
  20, 2011<sup>a</sup></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:7.0pt;">&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:7.0pt;">Dayamitra</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:7.0pt;">&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:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">1,000</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">100</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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:7.0pt;">(2013-2017)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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:7.0pt;">&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: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 style="font-size:7.0pt;">JIBOR+1.40%</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> and 3
  months JIBOR+3.50%</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;">&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Property
  and</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">
  e</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">quipment&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> (Note 9)</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">April
  26, 2013</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:7.0pt;">&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:7.0pt;">GSD</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:7.0pt;">&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:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">141</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">9.4</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">(2014-2018)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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:7.0pt;">Property
  and equipment (Note 9) and lease agreement</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">October
  30, 2013</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:7.0pt;">&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:7.0pt;">GSD</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:7.0pt;">&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:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">70</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">2</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">(2014-2021)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0.00</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">%&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Trade
  receivables (Note 5),</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;">property
  and equipment (Note 9) and lease agreement</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">October
  30, 2013</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:7.0pt;">&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:7.0pt;">GSD</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:7.0pt;">&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:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">34</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">1.1</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">(2014-2021)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0.00</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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:7.0pt;">Trade
  receivables(Note 5),</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;">property
  and equipment (Note 9) and lease agreement</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">November
  20, 2013</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:7.0pt;">&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:7.0pt;">The
  Company</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">1,500</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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:7.0pt;">(2015-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">8</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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:7.0pt;">&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: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+2.65%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">None</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">October
  1, 2014</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:7.0pt;">&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:7.0pt;">Patrakom</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:7.0pt;">&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:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">28</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">3.5</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 lang=IN style="font-size:7.0pt;">(2014-2016)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">10.95%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Trade
  receivables
  (Note
  5),</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;">property
  and
  equipment (Note 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;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>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">October 1</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;">4&nbsp;</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:7.0pt;">&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:7.0pt;">Patrakom</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">Rp</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:7.0pt;">&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:7.0pt;">93</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">7.8</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">(201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5</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;">7</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">10.95</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">%&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Trade
  receivables (Note 5),</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;">property
  and equipment</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">December
  </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">8, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">5&nbsp;</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:7.0pt;">&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:7.0pt;">Dayamitra</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:7.0pt;">&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:7.0pt;">RP</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:7.0pt;">&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:7.0pt;">800</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Semi</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-annualy&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;">(201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">7</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-2020)&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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:7.0pt;">&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: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 style="font-size:7.0pt;">JIBOR+2.70%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Property
  and equipment (Note 9)</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:7.0pt;">&#160;&#160;&#160; &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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">61</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:6.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#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:76.5pt;text-align:justify;text-indent:-58.3pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bank loan
(continued)</font></p>

<p style="background:white;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="background:white;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;">Other significant
information relating to bank loans as of March</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as follows</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;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=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;"><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:.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:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% 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:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% 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:7.0pt;">Total
  facility</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">*&nbsp;</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:7.0pt;">(in
  billions)</font></b></p>
  </td>
 <td valign=bottom width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% 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: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=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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% 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:7.0pt;">Principal
  payment schedule</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% 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:7.0pt;">Interest
  payment 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:7.0pt;">&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:7.0pt;">Interest
  rate 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% 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:7.0pt;">Security</font></b></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=18% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Bank
  Mandiri</font></b></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">July
  9, 2009<sup>b</sup><sup>
  </sup>and
  July 5, 2010<sup>b</sup></font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Telkomsel</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">5,000</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">250</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">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:7.0pt;">(2009-2016)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Quarterly</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:7.0pt;">&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: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 style="font-size:7.0pt;">JIBOR+1.00%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">None</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">November</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 20, 2013</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">The
  Company</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">1,500</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">375</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">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:7.0pt;">(2015-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">8</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:.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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Quarterly</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:7.0pt;">&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: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 style="font-size:7.0pt;">JIBOR+2.65%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">None</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">August 11, 2014</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">G</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">raha Yasa
  Selaras</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">71</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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;">(20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">16</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">21</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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: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+3.25%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">
  (Note 9) </font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">August
  11, 2014</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Graha
  Yasa</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">
  Selaras</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">71</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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;">(20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">16</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">21</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:.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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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: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+3.25%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">
  (Note 9) </font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">April 8</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;">5<sup> a</sup></font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Telkomsel</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">1,000</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">April
  14, 2018</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Quarterly</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:7.0pt;">&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: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+1.95%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">None</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=18% 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Bank ANZ Indonesia</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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=IN style="font-size:7.0pt;">March
  13, 2015<sup> a&amp;j</sup></font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">GSD</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">90</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">June
  13, 2020</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Quarterly</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:7.0pt;">&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: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;">J</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">IBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2.00</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">%&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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">None</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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=IN style="font-size:7.0pt;">April
  8, 2015<sup> a</sup></font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Telkomsel</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">0.075</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">April
  14, 2018</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Quarterly</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:7.0pt;">&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: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;">L</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">IBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">20</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:.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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">None</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=18% 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:7.0pt;">Bank
  CIMB Niaga</font></b></p>
  </td>
 <td valign=top 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></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;"><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:.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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">March
  21, 2007<sup>
  </sup></font><sup><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">e</font></sup></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">GSD</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">21</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">3</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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;">(2007-2015)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">9.75%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">
  (Note 9) </font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">March
  31, 2011</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">GSD</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">24</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">3</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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;">(2011-2020)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">9.75%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment (Note 9) and lease agreement</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">March
  31, 2011</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">GSD</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">13</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">2</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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;">(2011-2019)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">9.75%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment (Note 9) and lease agreement</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">March
  31, 2011</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">GSD</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">12</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">1</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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;">(2011-2016)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">9.75%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment (Note 9) and</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">l</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">ease agreement</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">September
  9, 2011</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">GSD</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">41</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">4</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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;">(2011-2021)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">9.75%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment (Note 9) and</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">lease agreement</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">September
  9, 2011</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">GSD</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">11</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">1</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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:.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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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:7.0pt;">9.75%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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 9) and lease </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">agreement&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">September
  20, 2012<sup>a</sup></font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">TLT</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">1,150</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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:.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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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: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 style="font-size:7.0pt;">JIBOR+3.45%</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment (Note 9)</font><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:.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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% 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:7.0pt;">September
  20, 2012<sup>a</sup></font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">TLT</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Rp</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">118</font></p>
  </td>
 <td valign=top width=2% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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: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:.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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Monthly</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:7.0pt;">&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: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="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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:7.0pt;">Property
  and equipment (Note9)</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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=IN 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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">62</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#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:76.5pt;text-align:justify;text-indent:-59.0pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bank loan
(continued)</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:27.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other significant
information relating to bank loans as of March</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 31, 2016 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">is as follows</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font color=windowtext face=arial,sans-serif lang=IN 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:96.52%;">
 <tr>
  <td valign=top width=16% 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:7.0pt;">&nbsp;</font></b></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;"><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;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=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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Total
  facility</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">*&nbsp;</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:7.0pt;">(in
  billions)</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 lang=IN style="font-size:7.0pt;">&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: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=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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Principal
  payment schedule</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Interest
  payment period</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Interest
  rate per annum</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Security</font></b></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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Bank
  CIMB Niaga (continued)</font></b></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 lang=IN style="font-size:7.0pt;">&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;"><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;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=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;"><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;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=top width=10% 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;"><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;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=top width=10% 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;"><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;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=top width=10% 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;"><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;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=top width=10% 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;"><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;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=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;"><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;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>
 </tr>
<tr>
  <td valign=top width=16% 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: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=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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Balebat</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">h</font></sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">3.5</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">0.2</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=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:7.0pt;">Monthly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">10.75%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Trade
  receivables (Note 5),</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;">inventories
  (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:7.0pt;">property
  and equipment</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">
  (Note </font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">9</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">)&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">PT
  </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Bank
  Sumitomo Mitsui Indonesia</font></b></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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 lang=IN style="font-size:7.0pt;">&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;"><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;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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;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>
 </tr>
<tr>
  <td valign=top width=16% 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=IN style="font-size:7.0pt;">March
  13, 2015<sup> a&amp;j</sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Metra</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">R</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">p&nbsp;</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">300</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">(20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">16</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">20</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 style="font-size:7.0pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">15</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">%&nbsp;</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">March
  13, 2015 </font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">a&amp;j</font></sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Infomedia</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">250</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">-</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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;">(20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">16</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">20</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=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:7.0pt;">Quarterly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 style="font-size:7.0pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">15</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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=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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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 lang=IN style="font-size:7.0pt;">JBIC</font></b></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 lang=IN style="font-size:7.0pt;">&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;"><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="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 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;"><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="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 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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="padding:0in 0in 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=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;"><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="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>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">March
  26, 2010<sup> a&amp;</sup></font><sup><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">d</font></sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">The
  Company</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">0.06</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">0.006</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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:7.0pt;">(2010-2015)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Semi-annually</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">4.56%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">March
  28, 2013<sup> a&amp;</sup></font><sup><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">g</font></sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">The
  Company</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">US$</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">0.03</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">0.00</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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 lang=IN style="font-size:7.0pt;">(2014-2019)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Semi-annually</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">2.18%
  and 6 months LIBOR+1.20%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.0pt;">BCA</font></b></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 lang=IN style="font-size:7.0pt;">&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;"><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;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=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;"><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;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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;padding:0in 0in 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=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;"><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;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>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">July
  9, 2009<sup>b</sup> and July 5, 2010<sup>b</sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Telkomsel</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">4,000</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">222</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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:7.0pt;">(2009-2016)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 style="font-size:7.0pt;">JIBOR+1.00%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">December
  16, 2010<sup>a</sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">TII</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">40</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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:7.0pt;">(2011-2015)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Quarterly</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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: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 style="font-size:7.0pt;">JIBOR+1.25%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">AAB Stockholm</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> and </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">SCB&nbsp;</font></b></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:7.0pt;">&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:7.0pt;">&nbsp;</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:7.0pt;">&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:7.0pt;">&nbsp;</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:7.0pt;">&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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">&nbsp;</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% 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:7.0pt;">December
  30, 2009</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">b&amp;c</font></sup></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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">Telkomsel</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">0.3</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">0.041</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">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:7.0pt;">(2011-2016)</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">Semi-annually</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;">6
  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;">LIBOR+0.82%</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">None</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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=IN style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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=IN style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The credit facilities
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">were </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">obtained by
the Group for working capital purposes.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:26.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-26.1pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; </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;">&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">In original currency </font></p>

<p style="background:white;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&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">As stated in the
agreements, the Group is required to comply with all covenants or restrictions
such as dividend distribution, obtaining new loans, and maintaining financial
ratios. As of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">December
31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,
the Group has complied with all covenants or restrictions except for certain
loan agreements. As of December 31, 2015, Group obtained waiver from the
lenders for not presuppose the loan payment as consequences of the breach of
covenants, except for loan from BNI and CIMB Niaga. The Group has classified
loan from BNI and CIMB Niaga as part of current maturities of long-term
liabilities (Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">15b.i</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">).&nbsp;</font></p>

<p style="background:white;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><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">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 covenants and negative covenants 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 color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">, Telkomsel has complied
with the above covenants.</font></p>

<p style="background:white;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;">c</font></sup><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Pursuant to the
agreements with PT Ericsson Indonesia (&#8220;Ericsson Indonesia&#8221;) and Ericsson AB
(Note 39a.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;)&#160; 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 facilities 1, 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;"> and 3 amounting to
US$117 million, US$106 million, and US$95 million, respectively. The
availability period of facilities 1, 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;"> 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="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:8.0pt;">&nbsp;</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:8.0pt;">&nbsp;</font></b></p>





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<div style="">



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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">63</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG-TERM BORROWINGS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#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:76.5pt;text-align:justify;text-indent:-67.5pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bank loan
(continued)</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:3.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-.25in;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160; </font></sup><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">d</font></sup><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">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 facilities A and B amounting to US$36
million and US$24 million, respectively.</font></p>

<p style="background:white;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;">e</font></sup><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Based on the latest
amendment on January 12, 2015.</font></p>

<p style="background:white;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;">f</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, 2014.</font></p>

<p style="background:white;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;">g</font></sup><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">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 facilities&nbsp;A and&nbsp;B
amounting to US$18.8 million and US$12.5 million, respectively.</font></p>

<p style="background:white;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;">h</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;">MD Media&#8217;s subsidiary.</font></p>

<p style="background:white;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;">i</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;">July 13</font><font color=windowtext face=arial,sans-serif lang=EN-US 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>

<p style="background:white;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;">j</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;">O</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">n </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">March 13</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">5, the Company, GSD, Metra and
Infomedia entered into several credit facilities agreements with PT Bank Sumitomo
Mitsui Indonesia, The Bank of Tokyo &#8211; Mitsubishi UFJ, Ltd., PT Bank ANZ
Indonesia and syndication of banks (BCA and BNI) amounting to Rp750 billion,
Rp750 billion, Rp500 billion, and Rp3,000 billion, respectively. As of December
31, 2015, the unused facilities for PT Bank Sumitomo Mitsui Indonesia, The Bank
of Tokyo &#8211; Mitsubishi UFJ, Ltd., PT Bank ANZ Indonesia amounting to Rp82.5
billion, Rp82.5 billion and Rp410 billion, respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

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

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">17</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; NON-CONTROLLING INTERESTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><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:.25in;width:96.52%;">
 <tr>
  <td valign=top width=58% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><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="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;">March,
  31 2016</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 lang=IN 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 lang=IN style="font-size:10.0pt;">December,
  31 2015</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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;">Non-controlling
  interests in net assets of subsidiaries:</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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=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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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=bottom width=58% 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:10.0pt;">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 lang=IN 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;">20,332</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;"><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="padding: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;">18,024</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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 lang=IN style="font-size:10.0pt;">GSD</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 lang=IN 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;">136</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;"><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;padding: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;">137</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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:10.0pt;">Metra</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 lang=IN 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;">130</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;"><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="padding: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;">95</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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 lang=IN style="font-size:10.0pt;">TII</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 lang=IN 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 lang=IN style="font-size:10.0pt;">41</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;"><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: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;">36</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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=IN 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: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="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;">20,639</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;"><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="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;">18,292</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 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=58% 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:10.0pt;">&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: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-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;">March, 31 2016</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 lang=IN 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-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;">December, 31 2015</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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=IT style="font-size:10.0pt;">Non-controlling interests in </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">net comprehensive income
  (loss) of subsidiaries:</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% 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 lang=IT 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-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=IT 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-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=IT 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-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=IT style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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=IN style="font-size:10.0pt;">Telkomsel</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% 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;">2,308</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 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-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;">1,693</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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:10.0pt;">Metra</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% 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;">(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 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-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;">(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 lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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=IN style="font-size:10.0pt;">TII</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% 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;">3</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% 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;">6</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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:10.0pt;">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 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-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</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: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-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;">(2</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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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 lang=IN 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 lang=IN style="font-size:10.0pt;">&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-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;">2,307</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% 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;">1,694</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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">64</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.5pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:11.0pt;">17. NON-CONTROLLING INTERESTS
(continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:0pt;margin-top:0in;text-align:justify;"><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Material partly-owned subsidiary</font></u></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:0pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:.5pt;margin-top:0in;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;">March 31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the non-controlling interest which
is considered material to the Company is non-controlling ownership interest in
Telkomsel amounting to 35% (Note 1d)</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:0pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:.5pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The summarized financial information
of Telkomsel below is provided based on amount before elimination of
intercompany balances and transactions.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font></b><i><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Summarized
statement of financial position</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;margin-right:0pt;margin-top:0in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=58% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><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="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;">March,
  31 2016</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=IN 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 lang=IN style="font-size:10.0pt;">December,
  31 2015</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% style="background:#c6d9f1;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;">Current
  assets</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&nbsp;</font></sup></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;">35,436</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;">25,660</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=top width=58% 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;">Non-current
  assets</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&nbsp;</font></sup></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;">58,476</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 lang=IN style="font-size:10.0pt;">58,426</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=top width=58% style="background:#c6d9f1;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;">Current
  liabilities</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&nbsp;</font></sup></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;">(23,895</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 lang=IN style="font-size:10.0pt;">(20,020</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>
 </tr>
<tr>
  <td valign=top width=58% 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;">Non-current
  liabilities</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&nbsp;</font></sup></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;">(11,919</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 lang=IN style="font-size:10.0pt;">(12,565</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>
 </tr>
<tr>
  <td valign=top width=58% 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;">Total
  equity</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&nbsp;</font></sup></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;">58,098</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 lang=IN style="font-size:10.0pt;">51,501</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>
<tr>
  <td valign=top width=58% 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;">Attributable
  to:</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&nbsp;</font></sup></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;"><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 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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 lang=IN style="font-size:10.0pt;">Equity holders of parent</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;"> company</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&nbsp;</font></sup></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;">37,766</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;">33,477</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=top width=58% 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:10.0pt;">Non-controlling interest</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&nbsp;</font></sup></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;">20,332</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 lang=IN style="font-size:10.0pt;">18,024</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>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;margin-right:0pt;margin-top:0in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;margin-right:0pt;margin-top:0in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font></i><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Summarized
statement of profit or loss and other </font></i><i><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">comprehensive income</font></i></p>

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

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.5%;">
 <tr>
  <td valign=top width=58% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><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="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;">March,
  31 2016</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 lang=IN 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 lang=IN style="font-size:10.0pt;">December,
  31 2015</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% style="background:#c6d9f1;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;">Revenue</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">s&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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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;">20,217</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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;">76,05</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">5&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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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;">Operating expenses</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=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;">(11,513</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=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;">(46,</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">429&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% style="background:#c6d9f1;padding:0in 0in 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 expenses</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=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=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=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;">105</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=58% 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;">Profit before </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">income </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">tax&nbsp;</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=top width=20% 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 lang=IN style="font-size:10.0pt;">8,704</font></b></p>
  </td>
 <td valign=top width=1% 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=top width=20% 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 lang=IN style="font-size:10.0pt;">29,731</font></b></p>
  </td>
 <td valign=top width=1% 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>
 </tr>
<tr>
  <td valign=top width=58% style="background:#c6d9f1;padding:0in 0in 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;">Income tax expense -
  net</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=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;">(2,108</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;">)</font></p>
  </td>
 <td valign=top 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;">(7,363</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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=IN style="font-size:10.0pt;">Profit
  for the year from continuing operations</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=top width=20% 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 lang=IN style="font-size:10.0pt;">6,596</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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 lang=IN style="font-size:10.0pt;">22,368</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% style="background:#c6d9f1;padding:0in 0in 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 comprehensive
  income (expense) - net</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=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=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=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;">(29</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% 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=IN style="font-size:10.0pt;">Net
  comprehensive income for the year</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=top 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;">6,596</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">22,339</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% style="background:#c6d9f1;padding:0in 0in 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;">Attributable to
  non-controlling interest</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=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;">2,308</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=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;">7,818</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=58% 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;">Dividend paid to
  non-controlling interest</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=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;">7,810</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=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;">7,810</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>
 </tr>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Summarized statements of
cash flows</font></i></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:4.0pt;">&nbsp;</font></i></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=58% 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=IN style="font-size:10.0pt;">&nbsp;</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=IN 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 lang=IN style="font-size:10.0pt;">March, 31 2016</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=IN 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 lang=IN style="font-size:10.0pt;">December, 31 2015</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=58% style="background:#c6d9f1;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;">Operating activities</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: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;">12,854</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;">36,130</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=top width=58% 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;">Investing activities</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: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;">(2,274</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="padding: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;">(12,951</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>
 </tr>
<tr>
  <td valign=top width=58% style="background:#c6d9f1;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;">Financing activities</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: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 lang=IN style="font-size:10.0pt;">(268</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 lang=IN style="font-size:10.0pt;">(19.456</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>
 </tr>
<tr>
  <td valign=top width=58% 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=IN style="font-size:10.0pt;">Net increase in cash and cash
  equivalents</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: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;">10,312</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=IN 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;">3,723</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<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:11.0pt;">&nbsp;</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:11.0pt;">&nbsp;</font></b></p>





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 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">65</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">18</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; CAPITAL STOCK</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:.5in;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:10.0pt;text-decoration:none;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=47% 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:7.5pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=52% 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:7.5pt;">March 31,
  2016</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Description</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.5pt;">Percentage of
  ownership</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.5pt;">Total paid-up
  capital</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">Series A Dwiwarna
  share</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Government</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">1</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">Series B shares</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Government</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">51,602,353,559</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">52.55</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">2,580</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">The
  Bank of New York Mellon Corporation*</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">7,943,986,780</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">8.09</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">397</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Commissioners
  (Note 1b):</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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 style="font-size:7.5pt;">&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:7.5pt;">&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 style="font-size:7.5pt;">&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:7.5pt;">&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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Hendri
  Saparini</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">18,982</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Dolfie
  Othniel Fredric Palit</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">17,084</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Hadiyanto</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">519,640</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Parikesit
  Suprapto</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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:7.5pt;">&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 lang=IN style="font-size:7.5pt;">&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:7.5pt;">&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 lang=IN style="font-size:7.5pt;">&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 lang=IN style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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 lang=FR style="font-size:7.5pt;">Directors
  (Note 1b):</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Alex
  J Sinaga</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">42,723</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Heri
  Sunaryadi</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">37,965</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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=FR style="font-size:7.5pt;">Indra
  Utoyo</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">1,182,295</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Muhammad
  Awaluddin</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">1,154,755</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Honesti
  Basyir</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">1,155,295</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Herdy
  Rosadi Haman</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">37,663</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Abdus
  Somad Arief</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">37,965</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Dian
  Rachmawan</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">98,805</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Public
  (individually less than 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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">38,647,573,388</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">39.36</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.5pt;">1,933</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Total</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">98,198,216,600</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">100.00</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">4,910</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Treasury
  stock (Note 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;">0</font><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">)&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">2,601,779,800</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">-</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.5pt;">130</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Total</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">100,799,996,400</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">100.00</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;">5,040</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;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:7.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=top width=47% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=5 valign=bottom width=52% 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:7.5pt;">December 31,
  2015</font></b></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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Description</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.5pt;">Percentage of
  ownership</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.5pt;">Total paid-up
  capital</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">Series A Dwiwarna
  share</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Government</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">1</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">Series B shares</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Government</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">51,602,353,559</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">5</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;">2.55&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">2,580</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">The
  Bank of New York Mellon Corporation*</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">8,161,361,980</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">8.31</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">408</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Commissioners
  (Note 1b):</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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 style="font-size:7.5pt;">&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:7.5pt;">&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 style="font-size:7.5pt;">&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:7.5pt;">&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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Hendri
  Saparini</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">18,982</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Dolfie
  Othniel Fredric Palit</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">17,084</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Hadiyanto</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">519,640</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Parikesit
  Suprapto</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">502,555</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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 lang=FR style="font-size:7.5pt;">Directors
  (Note 1b):</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Alex
  J Sinaga</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">42,723</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Heri
  Sunaryadi</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">37,965</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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=FR style="font-size:7.5pt;">Indra
  Utoyo</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">1,182,295</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Muhammad
  Awaluddin</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">1,154,755</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Honesti
  Basyir</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">1,155,295</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Herdy
  Rosadi Haman</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">37,663</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Abdus
  Somad Arief</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">37,965</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Dian
  Rachmawan</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">98,505</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">0</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Public
  (individually less than 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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">38,429,695,633</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">39.14</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.5pt;">1,922</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Total</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">98,198,216,600</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">100.00</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">4,910</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Treasury
  stock (Note 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;">4</font><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;">)&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">2,601,779,800</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">-</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.5pt;">130</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=47% 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:7.5pt;">Total</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">100,799,996,400</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:7.5pt;">100.00</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;">5,040</font></b></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;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;">*&#160; The Bank of New York Mellon Corporation serves as the
Depositary of the registered ADS holders for the Company&#8217;s ADSs.</font></p>

<p style="background:white;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=X-NONE style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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="background:white;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="background:white;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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  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">66</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">19</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; ADDITIONAL PAID-IN CAPITAL</font></b></p>

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

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=58% 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;">&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: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 lang=IN style="font-size:10.0pt;">March 31, 2016</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=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 lang=IN style="font-size:10.0pt;">December 31, 2015</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>
 </tr>
<tr>
  <td valign=bottom width=58% 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=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=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;">1,446</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=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;">1,446</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=bottom width=58% 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 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4</font><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 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=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;">576</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=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;">576</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=bottom width=58% 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 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4</font><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 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=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;">544</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=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;">544</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=bottom width=58% 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=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=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;">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=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;">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>
 </tr>
<tr>
  <td valign=bottom width=58% 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 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4</font><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 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=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;">228</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=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;">228</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=bottom width=58% 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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">22</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;">363</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">,000 shares under the treasury stock plan phase I</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 style="font-size:10.0pt;"> (Note 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4</font><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 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=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;">36</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=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;">36</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=bottom width=58% 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;">Capitalization
  into 746,666,640 Series B shares in 1999</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=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;">(373</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;">)</font></p>
  </td>
 <td valign=top 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;">(373</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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</font></b></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=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;">2,935</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=top 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;">2,935</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>
 </tr>
</table></div>

<p style="background:white;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="background:white;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 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;">March 31,
2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
the accumulated development of the related infrastructure amounting to</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Rp537 billion, respectively.</font></p>

<p align=left style="background:white;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 align=left style="background:white;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="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TREASURY STOCK </font></b></p>

<p style="background:white;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:96.52%;">
 <tr>
  <td valign=bottom width=15% 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=15% 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=top 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=15% 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=15% 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=15% 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;"><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;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=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=bottom width=15% 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=15% 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=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=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;">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=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;">Rp5,250</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>
<tr>
  <td valign=bottom width=15% 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=15% 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=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=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;">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=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;">Rp2,000</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=bottom width=15% 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=15% 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=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=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;">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=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;">Rp3,000</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>
<tr>
  <td valign=bottom width=15% 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=15% 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=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=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;">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=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;">Rp3,000</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=bottom width=15% 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=15% 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=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=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;">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=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;">Rp5,000</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="background:white;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="background:white;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="background:white;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
treasury stock as a result of the repurchase of shares are as follows:</font></p>

<p style="background:white;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:96.52%;">
 <tr>
  <td valign=top width=32% 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=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;"><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;">March 31, 2016</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=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 lang=IN style="font-size:8.0pt;">December 31, 2015</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=top width=32% 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=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;"><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;">Number of share</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">s&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;"><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;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=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></p>
  </td>
 <td valign=bottom width=1% style="border-top: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=11% 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=left style="margin-bottom:0in;margin-left:0in;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="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=left style="margin-bottom:0in;margin-left:0in;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=32% 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=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: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;">2,601,779,800</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</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;">2.58</font></p>
  </td>
 <td valign=bottom 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: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;">3,804</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</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;">2,624,142,800</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=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;">2.60</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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-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;">3,836</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=32% 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: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=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:8.0pt;">&nbsp;</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 lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</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 lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</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 lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</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 lang=IN style="font-size:8.0pt;">(22,363,000</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 lang=IN 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 lang=IN style="font-size:8.0pt;">(0.02</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 lang=IN 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 lang=IN style="font-size:8.0pt;">(32</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 lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=32% 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;">Ending balance</font></b></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:8.0pt;">&nbsp;</font></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 lang=IN style="font-size:8.0pt;">2,601,779,800</font></b></p>
  </td>
 <td valign=bottom 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;"><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 lang=IN style="font-size:8.0pt;">2.58</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></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 lang=IN style="font-size:8.0pt;">3,804</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></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 lang=IN style="font-size:8.0pt;">2,601,779,800</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:8.0pt;">&nbsp;</font></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 lang=IN style="font-size:8.0pt;">2.58</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:8.0pt;">&nbsp;</font></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 lang=IN style="font-size:8.0pt;">3,804</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TREASURY STOCK (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">Pursuant to the AGM of Stockholders of
the Company held on May 19, 2011, the </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;">tockholders approved to
execute the repurchase plan for treasury stock </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">p</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">hase
IV.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">In 2012, the Company bought back
237,270,500 shares </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(equal
to 1,186,352,500 shares after stock split) </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">from </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;">public
(</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">part of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">stock repurchase program </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">p</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">hase IV) for Rp1,744 billion.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">,368 </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">billion&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> (net of related
costs to sell the shares)</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">. The excess amounting to Rp544 billion in
value of the treasury shares sold over their acquisition cost was recorded as
additional paid-in capital (Note </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">19</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">).&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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;"> costs 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 </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">19</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">).&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">On
December 21, 2015, the Company resold 4,472,600 shares (equal to 22,363,000
shares after stock split) of treasury stock phase III with fair value amounting
to Rp68 billion (net of related costs to sell the shares). The excess amounting
to Rp36 billion in value of the treasury stock sold over their acquisition cost
was recorded as additional paid-in capital </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">(Note </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">19</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">).&nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">OTHER
EQUITY RESERVES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;margin-right:0pt;margin-top:0in;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:96.52%;">
 <tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><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;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=1% 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 lang=IN 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:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The
  difference in equity transaction of associates</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">386</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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">386</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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Unrealized
  gain on available-for-sale securities</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">40</font></p>
  </td>
 <td valign=bottom width=1% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">38</font></p>
  </td>
 <td valign=bottom width=1% 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;">&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 lang=IN style="font-size:10.0pt;">Transalation
  adjustments</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">473</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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">543</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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The
  difference in acquisition of non controlling ownership interest in subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(508</font></p>
  </td>
 <td valign=bottom width=1% 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;">)</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(508</font></p>
  </td>
 <td valign=bottom width=1% 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;">)</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 lang=IN style="font-size:10.0pt;">Other equity components</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">49</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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">49</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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Total</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">440</font></b></p>
  </td>
 <td valign=bottom width=1% 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 lang=IN 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;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">508</font></b></p>
  </td>
 <td valign=bottom width=1% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;margin-right:0pt;margin-top:0in;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:.3in;margin-right:0pt;margin-top:0in;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 align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">68</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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; REVENUES</font></b></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:center;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=60% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">6&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;"><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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5&nbsp;</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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 lang=IN style="font-size:10.0pt;">Telephone
  revenues</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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=FR style="font-size:10.0pt;">Cellular</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 lang=IN 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;">&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=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;">&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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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=FR style="font-size:10.0pt;">Usage charges</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 lang=IN 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 lang=IN style="font-size:10.0pt;">8,818</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 lang=IN 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 lang=IN style="font-size:10.0pt;">8,185</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Monthly
  subscription charges</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 lang=IN 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;">107</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=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;">113</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">F</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">eatures&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 lang=IN 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 lang=IN style="font-size:10.0pt;">0</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 lang=IN 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 lang=IN style="font-size:10.0pt;">199</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;">&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: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;">8,925</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=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=FR style="font-size:10.0pt;">8,497</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Fixed
  lines</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 lang=IN 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 lang=IN 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 lang=IN 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 lang=IN style="font-size:10.0pt;">&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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Usage
  charges</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 lang=IN 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;">1,032</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=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;">1,199</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Monthly
  subscription charges</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 lang=IN 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 lang=IN style="font-size:10.0pt;">822</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 lang=IN 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 lang=IN style="font-size:10.0pt;">727</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Call
  center</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 lang=IN 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;">69</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=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;">73</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Others</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 lang=IN 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 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=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=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;">23</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;">&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: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;">1,945</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=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;">2,022</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">t</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">elephone </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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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 lang=IN 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">10,870</font></b></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 lang=IN 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">10,519</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Interconnection </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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Domestic
  interconnection</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 lang=IN 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 lang=IN style="font-size:10.0pt;">583</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 lang=IN 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 lang=IN style="font-size:10.0pt;">674</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">International
  interconnection</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 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;">499</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=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;">461</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">i</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">nterconnection </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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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 lang=IN 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,082</font></b></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 lang=IN 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">135&nbsp;</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Data, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">i</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">nternet, and </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">i</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">nformation </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">t</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">echnology </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">s</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">ervice&nbsp;</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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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 lang=IN 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;">&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=19% 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=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=60% 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 lang=IN style="font-size:10.0pt;">Celullar internet and data</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 lang=IN 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 lang=IN style="font-size:10.0pt;">6,313</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 lang=IN 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 lang=IN style="font-size:10.0pt;">4,102</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Short
  Messaging Services (&#8220;SMS&#8221;)</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 lang=IN 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;">3,957</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=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;">3,429</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Internet, data communication and information technology
  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 lang=IN 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 lang=IN style="font-size:10.0pt;">3,711</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 lang=IN 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 lang=IN style="font-size:10.0pt;">2,925</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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:10.0pt;">Pay TV</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 lang=IN 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;">249</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=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;">40</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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 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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN 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 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=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=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;">33</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Total </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">d</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">ata, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">i</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">nternet, and </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">i</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">nformation </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">t</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">echnology </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">s</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">ervice&nbsp;</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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">14,258</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 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">10,489</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;">Network </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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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;"><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=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=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=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Leased
  lines</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 lang=IN 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;">110</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=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;">126</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Satellite
  transponder lease</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 lang=IN 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 lang=IN style="font-size:10.0pt;">180</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 lang=IN 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;">104</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">n</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">etwork </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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">290</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 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">230</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;">Other </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">t</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">elecommunications </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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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;"><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=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=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=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Sales
  of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">handset&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 lang=IN 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;">370</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=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;">403</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Tower
  leases</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 lang=IN 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 lang=IN style="font-size:10.0pt;">178</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 lang=IN 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 lang=IN style="font-size:10.0pt;">195</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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:10.0pt;">Call center service</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 lang=IN 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;">137</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=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;">165</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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 lang=IN style="font-size:10.0pt;">CPE and terminal</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 lang=IN 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 lang=IN style="font-size:10.0pt;">60</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 lang=IN 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 lang=IN style="font-size:10.0pt;">8</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Others</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 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;">297</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=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;">432</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">o</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">ther </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">t</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">elecommunications </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 style="font-size:10.0pt;">evenues&nbsp;</font></b></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 lang=IN 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,042</font></b></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 lang=IN 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,203</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> revenues</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></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;">27,542</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></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;">23,616</font></b></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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">69</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; REVENUES</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">The
details of </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">net </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">revenues received by </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
Group from agency relationships as of March 31</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;"> 2016 and
2015 </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">are as </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">follow</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;">:&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=58% style="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 lang=FR style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=FR style="font-size:10.0pt;">&nbsp;</font></sup></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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&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;"><sup><font color=windowtext face=arial,sans-serif lang=FR style="font-size:10.0pt;">&nbsp;</font></sup></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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&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;"><sup><font color=windowtext face=arial,sans-serif lang=FR style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Gross
  revenues</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;"><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;">3,919</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 lang=IN style="font-size:10.0pt;">3.033</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=58% 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;">Compensation
  to value added service providers</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;"><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;">(208</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 lang=IN style="font-size:10.0pt;">(108</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>
 </tr>
<tr>
  <td valign=bottom width=58% 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 revenues</font></b></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;"><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 lang=IN style="font-size:10.0pt;">3,711</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 lang=IN style="font-size:10.0pt;">2.925</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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Refer
to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party
transactions. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; PERSONNEL EXPENSES</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font></b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The breakdown of personnel
expenses is as follows:</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=58% 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;">&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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">6&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;margin-left:.15in;text-align:center;text-indent:-.15in;"><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;margin-left:.15in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% 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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Salaries and related benefits</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,307</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">928</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;margin-left:.15in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Vacation pay, incentives and other benefits</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">993</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">585</font></p>
  </td>
 <td valign=top width=1% 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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Employees&#8217; income tax</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">309</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">345</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;margin-left:.15in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Net periodic pension costs (Note 3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">0</font><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">176</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">138</font></p>
  </td>
 <td valign=top width=1% 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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Net periodic post-retirement health care benefit costs
  (Note 3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">0</font><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">45</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">61</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;margin-left:.15in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">LSA expenses (Note 31)</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">22</font></p>
  </td>
 <td valign=top width=1% 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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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=IN style="font-size:10.0pt;">Other employee benefits (Note 30)</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">12</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">12</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;margin-left:.15in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Other post-retirement benefit costs (Note
  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>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><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=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><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=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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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=IN style="font-size:10.0pt;">Early retirement program</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><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=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">117</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;margin-left:.15in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Others</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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">118</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><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;margin-left:.15in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">96</font></p>
  </td>
 <td valign=top width=1% 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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Total</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:10.0pt;">&nbsp;</font></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;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,999</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><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:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">16&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;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;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;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 3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party transactions.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">24.&#160; OPERATION,
MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:4.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font></b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The breakdown of operation,
maintanance and telecommunication service expenses is as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=60% 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=top 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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&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=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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Operations
  and maintenance</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;"><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;padding: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;">4,460</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;"><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;padding: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;">3,477</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Radio
  frequency usage charges (Notes 3</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;">c.i and 3</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;">c.ii)&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;">966</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;">865</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Concession
  fees and Universal Service Obligation charges</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;"><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;padding: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;">527</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;"><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;padding: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;">449</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Cost of
  handset sold (Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font><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 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="padding: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;">367</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;">398</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Leased
  lines and CPE</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;"><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;padding: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;">336</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;"><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;padding: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;">280</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Electricity,
  gas and water</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;">249</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;">229</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Cost of IT
  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;"><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;padding: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;">355</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;"><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;padding: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;">85</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Cost of
  SIM cards and vouchers (Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font><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 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="padding: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;">110</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;">44</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Tower rent</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;"><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;padding: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;">96</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;"><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;padding: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;">134</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Vehicles
  rental and supporting facilities</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;">71</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;">79</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Insurance</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;"><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;padding: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;">62</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;"><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;padding: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;">87</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% 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;">Others
  (each below Rp75 billion)</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;"><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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">52</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;"><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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">129</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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 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="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;">7,651</font></b></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;"><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 lang=IN style="font-size:10.0pt;">6,256</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Refer to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
for details of related party transactions. </font></p>

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



<div style="">



<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">70</font></p>

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</table></div>



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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<p align=left style="background:white;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. GENERAL AND ADMINISTRATIVE EXPENSES</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font></b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The breakdown of general and
administrative expenses is as follows:</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:1.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <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: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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&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=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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&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;"><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;">General expenses</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;">404</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 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 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;">Professional fees</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;">177</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 lang=IN style="font-size:10.0pt;">61</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;">Travelling</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;">80</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 lang=IN style="font-size:10.0pt;">76</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;">Training, education and recruitment</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;">70</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 lang=IN style="font-size:10.0pt;">81</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;">Provision for impairment of
  receivables (Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5d</font><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 lang=IN style="font-size:10.0pt;">(207</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 lang=IN style="font-size:10.0pt;">142</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;">Others (each below Rp75 billion)</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;">177</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 lang=IN style="font-size:10.0pt;">369</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;">Total</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;">701</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 lang=IN style="font-size:10.0pt;">953</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Refer to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
for details of related party transactions. </font></p>

<p style="background:white;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="background:white;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="background:white;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</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; INTERCONNECTION EXPENSES</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font></b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The breakdown of
interconnection expenses is as follows:</font></p>

<p style="background:white;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:96.52%;">
 <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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&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=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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&nbsp;</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>
 </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;">Domestic interconnection and access</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;">502</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 lang=IN style="font-size:10.0pt;">743</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>
 </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;">International interconnection</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;">282</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="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;">318</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>
 </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;">Total</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;">784</font></b></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;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;">1</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">061&nbsp;</font></b></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>
 </tr>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Refer to Note 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for details of related party
transactions.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TAXATION</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="background:white;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;">a.&#160;&#160; Claims for
tax refund</font></p>

<p style="background:white;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:9.0pt;">&#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:93.06%;">
 <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 lang=IN 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 lang=IN style="font-size:10.0pt;">March 31,2016</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=IN 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 lang=IN style="font-size:10.0pt;">December 31</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">,</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2015&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;"><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;">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 lang=IN 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 lang=IN 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 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;margin-left:.15in;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Value added tax (&#8220;VAT&#8221;)</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;">298</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 lang=IN style="font-size:10.0pt;">298</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;">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;">489</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 lang=IN style="font-size:10.0pt;">479</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;">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 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;"><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 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;"><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;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="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;">100</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 lang=IN style="font-size:10.0pt;">290</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;margin-left:.15in;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Value tax added (&#8220;VAT&#8221;)</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;">127</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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2&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 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;">&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=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="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 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 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 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 claims for tax refund</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;">1,014</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 lang=IN style="font-size:10.0pt;">1,0</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">79&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=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;">Short-term portion</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;">(66</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 lang=IN style="font-size:10.0pt;">(</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">66&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 lang=IN 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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Long-term
  portion</font></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;">948</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">1,013</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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%;">&nbsp;</font></p>

<p style="background:white;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%;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#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="background:white;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="background:white;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="background:white;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;">&#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:40.5pt;width:92.18%;">
 <tr>
  <td valign=top width=57% 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=21% 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;">March
  31, 2016</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=21% 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;">December
  31</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2015&nbsp;</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=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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=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=21% 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=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=57% 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:10.0pt;">Income tax</font></p>
  </td>
 <td valign=bottom width=21% 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;">474</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=bottom width=21% 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;">750</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=57% 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=21% 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;">381</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=bottom width=21% 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;">350</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=57% 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=21% 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 style="font-size:10.0pt;">855</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=bottom width=21% 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 style="font-size:10.0pt;">1,100</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>
 </tr>
<tr>
  <td valign=top width=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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=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=bottom width=21% 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=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=57% 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=21% 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</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=bottom width=21% 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;">16</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=57% 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=21% 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;">1,902</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=bottom width=21% 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;">1,536</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=57% 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=21% 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=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=21% 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=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=57% 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 23 - Withholding tax on service delivery</font></p>
  </td>
 <td valign=bottom width=21% 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;">26</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=bottom width=21% 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;">20</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=57% 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=21% 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;">1,930</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=bottom width=21% 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;">1,572</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=57% 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=bottom width=21% 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;">2,785</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>
 <td valign=bottom width=21% 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,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">672&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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; c.&#160;&#160; Taxes payable</font></p>

<p style="background:white;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:93.06%;">
 <tr>
  <td valign=bottom width=57% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">March 31, 2016</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=21% 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;">December 31,2015</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=bottom width=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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=21% 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=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=57% 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=21% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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=57% 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=21% 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;">24</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">37</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=57% style="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 21
  - Individual income tax</font></p>
  </td>
 <td valign=bottom width=21% 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;">54</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">51</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=57% 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=21% 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</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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</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=57% style="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 23
  - Withholding tax on service delivery</font></p>
  </td>
 <td valign=bottom width=21% 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;">25</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">23</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=57% 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 25
  - Installment of corporate income tax</font></p>
  </td>
 <td valign=bottom width=21% 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</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">17</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=57% style="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 26
  - Withholding tax on non-resident income</font></p>
  </td>
 <td valign=bottom width=21% 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</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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</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=57% 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 29 - Corporate income tax</font></p>
  </td>
 <td valign=bottom width=21% 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;">221</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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=21% 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=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=21% 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=57% 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><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&#8211; Tax collector</font></p>
  </td>
 <td valign=bottom width=21% 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;">238</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">396</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=57% 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=21% 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;">568</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">528</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=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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=21% 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=bottom width=57% 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=21% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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=57% 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 4
  (2) - Final tax</font></p>
  </td>
 <td valign=bottom width=21% 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;">37</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">54</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=57% style="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 21
  - Individual income tax</font></p>
  </td>
 <td valign=bottom width=21% 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;">91</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">113</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=57% 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=21% 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</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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</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=57% style="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 23
  - Withholding tax on service delivery</font></p>
  </td>
 <td valign=bottom width=21% 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;">94</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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 25
  - Installment of corporate income tax</font></p>
  </td>
 <td valign=bottom width=21% 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;">552</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="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 26
  - Withholding tax on non-resident income</font></p>
  </td>
 <td valign=bottom width=21% 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;">11</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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</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=57% 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 29
  - Corporate income tax</font></p>
  </td>
 <td valign=bottom width=21% 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;">2,121</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">1,548</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=57% 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=21% 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;">896</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">681</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=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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;">3,803</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">2,745</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=57% 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=21% 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;">4,371</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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,</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">273&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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">72</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TAXATION (continued)</font></b></p>

<p style="background:white;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="background:white;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;">d.&#160;&#160; The components of income tax
expense (benefit) are as follows:</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=57% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">2015</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=57% style="background:#c6d9f1;padding:0in 0in 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</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><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=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><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=57% 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;">The Company</font></p>
  </td>
 <td valign=bottom width=21% 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;">306</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=21% 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;">353</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=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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;">2,301</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=21% 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;">1,692</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=57% 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=21% style="border-bottom:solid windowtext 1.0pt;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;">2,607</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=21% style="border-bottom:solid windowtext 1.0pt;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;">2,045</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=57% style="background:#c6d9f1;padding:0in 0in 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;">Deferred</font></p>
  </td>
 <td valign=bottom width=21% 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=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=21% 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=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=57% 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;">The Company</font></p>
  </td>
 <td valign=bottom width=21% 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;">(99</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=21% 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;">(166</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>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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;">(85</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=21% 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;">(69</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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=21% 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;">(184</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=21% 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;">(235</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=57% 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=21% 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;">2,423</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=21% 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;">1,810</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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="background:white;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
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 </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;">tatement of profit or loss and other comprehensive income is as
follows:</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=57% 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=21% 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;">2016</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">2015</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 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;">Profit before income
  tax</font></p>
  </td>
 <td valign=bottom width=21% 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;">9,316</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=21% 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;">7,318</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=57% 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;">Less income subject
  to final </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">- net</font></p>
  </td>
 <td valign=bottom width=21% 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;">(131</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=21% 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;">(660</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>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">9,185</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=21% 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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6,658</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=57% 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;">Tax calculated at the Company&#8217;s applicable statutory tax
  rate of 20%</font></p>
  </td>
 <td valign=bottom width=21% 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;">1,837</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=21% 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;">1,332</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=57% 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;">Difference in applicable statutory tax rate for
  subsidiaries</font></p>
  </td>
 <td valign=bottom width=21% 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;">438</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=21% 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;">306</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=57% 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;">Non-deductible
  expenses</font></p>
  </td>
 <td valign=bottom width=21% 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;">55</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=21% 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;">118</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=57% style="background:#c6d9f1;padding:0in 0in 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;">Final income tax
  expenses</font></p>
  </td>
 <td valign=bottom width=21% 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;">56</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=21% 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;">30</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=57% 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;">Others</font></p>
  </td>
 <td valign=bottom width=21% 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;">37</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=21% 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;">24</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=57% 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 income tax
  expense</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:double windowtext 2pt;border-top:solid windowtext 1.0pt;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;">2,423</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:double windowtext 2pt;border-top:solid windowtext 1.0pt;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;">1,810</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27.</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; TAXATION (continued)</font></b></p>

<p align=left style="background:white;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;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">d.&#160;&#160; The components of income tax
expense (benefit) are as follows: (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<p style="background:white;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 reconciliation between the profit
before income tax and the estimated taxable income of the Company for the three
months period ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March
31, 2016 and 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as
follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=57% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">2015</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Profit before income tax</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">9,316</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">7,318</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Add back consolidation
  eliminations</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">4,507</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">3,392</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Consolidated profit before
  income tax and eliminations</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">13,823</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">10,710</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Less: profit before
  income tax of the subsidiaries</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(8,683</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:9.5pt;">)</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(6,755</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:9.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Profit before income tax
  attributable to the Company</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">5,140</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">3,955</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Less</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">:&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;"> income subject
  to final tax</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(150</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:9.5pt;">)</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(94)</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">4,990</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">3,861</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Temporary differences:</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">&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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">&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:9.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">Provision for onerous contracts</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">430</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">-</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Finance leases</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">Provision for personnel expenses</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">523</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">85</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Net periodic pension and
  other post-retirement benefits costs</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">51</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">46</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">Provision for impairment of assets</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">-</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Depreciation and gain on
  sale of property and equipment</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(271</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:9.5pt;">)</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">44</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Provision for impairment
  and trade receivables written-off</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(255</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:9.5pt;">)</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">59</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Deferred installation fee</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">)</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">6</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;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:9.5pt;">Other provisions</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">32</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(41</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:9.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Net temporary differences</font></b></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;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:9.5pt;">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:9.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;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:9.5pt;">1,069</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">Permanent differences:</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">&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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">&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:9.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Employee benefits</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">60</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">51</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Net periodic
  post-retirement health care benefit costs</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">45</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Donations</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">18</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">42</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Equity in net income of
  associates and subsidiaries</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(4,513</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:9.5pt;">)</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">(3,396</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:9.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Others</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">302</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Net permanent differences</font></b></p>
  </td>
 <td valign=bottom width=21% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">(4,088</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:9.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=21% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">(3,217</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:9.5pt;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Taxable income of the Company</font></b></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">1,411</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">1,713</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Current corporate income
  tax expense</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">282</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">343</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Final income tax expense</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">24</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Total current income tax
  expense of the Company</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">306</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:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">353</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Current income tax expense
  of the subsidiaries</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">2,301</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 style="font-size:9.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">1,692</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.5pt;">Total current income tax expense</font></b></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">2,607</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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:9.5pt;">2,045</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:9.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TAXATION (continued)</font></b></p>

<p style="background:white;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="background:white;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;">d.&#160;&#160; The components of income tax
expense (benefit) are as follows: (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Tax Law No. 36/2008 which </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">is </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">therefore, for</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;"> purpose of calculating income tax
expense and liabilities for the financial reporting years ended December 31, 2015 and 2014</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;">the Company has </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">reduced the</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> applicable tax rate by 5%</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;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
applied </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;"> tax rate of 20% for the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">three months period </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;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. The subsidiaries
applied a tax rate of 25%
for the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">three months period </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;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:1.1pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">e.&#160;&#160; Tax assessment</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;margin-right:1.1pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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; The Company</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">In November 2013, the </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;">ompany received tax underpayment
assesment l</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">etters&nbsp;</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;">&#8220;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">SKPKBs</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8221;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">) No. 00056/207/07/093/13 to No.</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;">00065/207/07/093/13 dated November 15,
2013, for the underpayment of VAT for the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">period&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Januar</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">y - </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">September and November 2007</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> amounting to Rp142 billion</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;">On January 20, 2014, the Company filed
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">its&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> objection to the Tax Authorities. The
Company</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> has
received the rejection of its objection through The Directorate General of
Taxation (&#8220;DGT&#8221;) decision letter No. 2498 to 2504 and 2541 to 2543/WPJ.19/2014 dated December 16 and 18, 2014,
respectively. The Company </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">accepted
the assessment on the underpayment</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
of VAT amounting to Rp22 billion (including penalty of Rp10 billion). </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The accepted portion was</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> charged to </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the 2014 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">consolidated s</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">tatement of profit and loss and other
comprehensive income</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
and the portion of VAT Interconnection amounting to Rp120 billion (including
penalty Rp39 billion) is recognized as claim for tax refund. </font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company
has filed an appeal </font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">to
the rejection </font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">of&nbsp;</font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;"> the</font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> objection</font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">
on underpayment of VAT on </font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Interconnection</font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">s </font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">No. Tel. 59
/ KU000 / COP-10000000/2015 to
No. Tel. 59
/ KU000 / COP-10000000/2015 </font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">dated
</font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">March 12, 2015.</font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">In November 2014, the Company received
SKPKBs 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;">result of tax audit for fiscal
year 2011 from the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tax
Authorities</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">. Based
on </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the letters</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, the Company&#160; received VAT
Underpayment assesment for the tax period January </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">until&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> December 2011 amount</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ing&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> to Rp182.5 billion (including penalty
Rp60 billion) and</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
corporate i</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ncome tax underpayment assesment
amount</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ing&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> to Rp2.8 billion (including
penalty of Rp929 million). The Company has paid the underpayment. </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The accepted portion on the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">underpayment VAT, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">amounting to Rp4.7
billion (including penalty </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">of
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Rp2 billion) </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;"> charged to the 2014 consolidated </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;">tatement of profit or loss and other
comprehensive income</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
and</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;"> portion of VAT
Interconnection amount</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ing
to</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Rp178 billion (including penalty of Rp58 billion) is recognized as claim for tax refund. </font><font color=#222222 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company filed an objection VAT interconnection
transactions in 2011 on January 7, 2015 No. Tel. 03
/ KU000 / COP-10000000/2015 to
No. Tel. 14
/ KU000 / COP-10000000/2015 to
the Tax Authority. </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Regarding
the case, The Tax authority rejected the Company&#8217;s objection</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> in the decree No. 1907 to
1914 dated October 20, 2015 for the tax period January to August 2011, No. 2026
to 2028 dated November 2, 2015&#160; for the tax period October to December 2011 and
No. 2642/WPJ.19/2015 dated December 29, 2015 for the tax period September 2011</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. The Company has filed an appeal on
January 20, 2016. As of the date of approval and authorization for the issuance
of these consolidated financial statements, the appeal is still in process. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TAXATION (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:1.1pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">e.&#160;&#160; Tax assessment (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:1.1pt;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(ii)</font><font color=windowtext face="times new roman" lang=IN 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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">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 (&#8220;STP&#8221;) for the underpayment of December 2008 income tax
Article 25 amounting to Rp429 billion (including a penalty of
Rp8&nbsp;billion). In May 2010, 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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">In May and June 2012,
Telkomsel received the refund of penalty on 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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">On May 24, 2012, Telkomsel
filed an objection to the Tax Authorities for the underpayment of value added
tax 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. On March 16, 2015, the Tax Court accepted Telkomsel&#8217;s appeal on the 2010
value added tax totaling Rp290.6 billion. On May 13, 2015, Telkomsel received a
refund for value added tax and amounting to Rp290.7 billion.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:53.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
November 7, 2014, Telkomsel received assessment letters as a result of a tax
audit for the </font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">fiscal year 2011 by the Tax Authorities. According to the letters,
Telkomsel is liable for the underpayment of corporate income tax, value added
tax 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 value added tax 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 profit and loss and
other comprehensive income. In December 2014, Telkomsel paid the underpayments.
In December </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">2014,
Telkomsel filed an objection to the Tax Authorities for the underpayment of
corporate income tax of Rp250 billion (including penalty of Rp81.1 billion) and
value added tax of Rp1.9 billion (including penalty of Rp670 million),
respectively. On November 17, 2015, through its Decision Letters, the Tax
Authorities rejected Telkomsel Objection for CIT. Subsequently, in December
2015 Telkomsel received Decision Letters from Tax
Authorities which accepted part of Telkomsel objection for VAT by reducing
Telkomsel&#8217;s underpayment amounting&#160; to Rp380 million (including penalty of
Rp165 million). Telkomsel plan to file an appeal to
the Tax Court</font><font color=windowtext face=arial,sans-serif lang=IN 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;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.2pt;text-align:justify;text-indent:-21.7pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27.&#160;&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">TAXATION (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:1.1pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">e.&#160;&#160; Tax assessment (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:1.1pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(ii)</font><font color=windowtext face="times new roman" lang=IN 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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</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;">As of the
date of approval and authorization for issuance of consolidated financial
statements, the plan to file the appeal is still in process. </font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">In
November and December 2015, Telkomsel received </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rejection
Letter from Tax Athorities </font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">on </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">corporate
income tax of </font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">Rp250 billion </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">and VAT
</font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">of 1.4 billion. </font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Telkomsel plan to file an appeal to the Tax
Court</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
for corporate income tax of </font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">Rp250 billion and VAT of 1.2
billion. </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">Telkomsel has </font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">recorded </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">CIT of
Rp250 billion </font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">in the statements of </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">profit or loss </font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">and
other comprehensive income in 2015.</font></p>

<p style="background:white;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=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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;">In August
2015, Telkomsel received the letter from the Tax Authorities which notified
that the Tax Authorities has confirmed that tower should be classified as
building and depreciated for 20 years. This letter is based on specific tax
ruling on fiscal depreciation of tower issued in July 2015. Subsequently, part
of claim for tax refund has been reclassified for principal portion to deferred
tax liabilities and penalty charged to profit and loss amounting to Rp125
billion and Rp60 billion, respectively, and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp66 billion remains
as claim for tax refund.</font></p>

<p style="background:white;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=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;">On February 15, 2016, Telkomsel filed an
appeal to the Tax Authorities for underpayments of corporate income tax </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">of&nbsp;</font><font color=#222222 face=arial,sans-serif lang=EN style="font-size:10.0pt;"> Rp250 billion
(including penalty Rp81,1 billion). </font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">As of the date of approval and authorization for issuance
of consolidated financial statements, the plan to file the appeal is still in
process.&#160; </font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">In
accordance with tax regulation, in September 2015 Telkomsel revised the fiscal
depreciation calculation of tower and filed the revised Corporate Income Tax
Return for fiscal year 2012, 2013, and 2014. As a result of the revised tax
return, Telkomsel reclassified the deferred tax liabilities to current tax
payable and paid the underpayment of Corporate Income Tax amounting to Rp174
billion. Subsequently, on September 11, 2015,&#160; The Indonesian Tax Authorities
issued Tax Collection Letters (&#8220;STPs&#8221;) amounting to Rp67 billion for Corporate
Income Tax late payment penalty of 2012 to 2014. On September 21, 2015,
Telkomsel filed the request for cancellation of such STPs to Tax Authority
based on prevailing tax reinventing policy. On November 26, 2015, Tax Authority
accepted Telkomsel request and cancel the STPs.</font></p>

<p style="background:white;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=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;margin-right:1.1pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">f</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160;&#160; Tax</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> incentives</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:2.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">In
December 2015, the Company took advantage of the Economic Policy Package V in
the form of tax incentives for fixed assets revaluation as stipulated in the
Ministry of Finance Regulation (&#8220;PMK&#8221;) No.191/PMK.010.2015 jo PMK No.
233/PMK.03/2015. In accordance with the PMK, the Company is allowed to
revaluate its fixed assets for tax purposes and will obtain special treatment
when the application of the revaluation is submitted to Directorate General of
Taxation (&#8220;DGT&#8221;) during the period between the effective date of PMK and
December 31, 2016. The special treatment is final income tax ranging from 3%-6%
on the excess of the revaluation amount of fixed assets over its original net
book value.</font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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
December 29, 2015, the Company filed an application for fixed assets revaluation
using self-assessed revaluation amount and has paid the related final income
tax amounted to Rp750 billion. Based on the PMK, the self-assessed revaluation
amount should be revaluated by a public independent appraiser (KJPP) or
valuation specialist, which is registered with the Government, before December
31, 2016. Upon verification of the completeness and accuracy of the
application, DGT may issue approval letter within 30 days after the receipt of
complete application. The Company has appointed a KJPP to perform fixed assets
revaluation and, as of the completion date of these&#160; consolidated financial
statements, the revaluation is still in process. The Company recorded and
presented the final income tax paid as Prepaid Taxes.</font></p>

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  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">77</font></p>

  </td>
 </tr>
</table></div>



</div>



<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_82"></a><a name="_bclPageBorder82"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader82"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-54.7pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TAXATION (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">g</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; Deferred
tax assets and liabilities</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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 details of the Group's
deferred tax assets and liabilities are as follows:</font></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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">December 31,2015</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 lang=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">(Charged) credited
  to the consolidated statements
  of profit or loss</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 lang=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">(Charged) credited
  to the consolidated statements
  of other comprehensive income</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 lang=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Reclassification</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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">March 31, 2016</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=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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;">The Company</font></b></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="times new roman" style="font-size:6.0pt;">&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="times new roman" style="font-size:6.0pt;">&nbsp;</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="times new roman" style="font-size:6.0pt;">&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="times new roman" style="font-size:6.0pt;">&nbsp;</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="times new roman" style="font-size:6.0pt;">&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="times new roman" style="font-size:6.0pt;">&nbsp;</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="times new roman" style="font-size:6.0pt;">&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="times new roman" style="font-size:6.0pt;">&nbsp;</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="times new roman" style="font-size:6.0pt;">&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="times new roman" style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax assets:</font></p>
  </td>
 <td valign=bottom width=12% 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: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=12% 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: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=12% 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: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=12% 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: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=12% 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: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>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Provision for impairment of
  receivable</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:6.0pt;">429</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:6.0pt;">&nbsp;</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:6.0pt;">(51</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;">)</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:6.0pt;">378</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Net periodic
  pension and other</font><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;"> post-retirement
  benefits costs</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">335</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=bottom 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:6.0pt;">9</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=bottom 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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">344</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>
 </tr>
<tr>
  <td valign=top width=36% 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 lang=IN style="font-size:6.0pt;">Accrued expenses
  and provision</font><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;"> for inventory obsolescence</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 style="font-size:6.0pt;">211</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=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:6.0pt;">87</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=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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:6.0pt;">298</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>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Employee benefit provisions</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">97</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">202</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred installation fee</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 style="font-size:6.0pt;">65</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:6.0pt;">&nbsp;</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: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;">)</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:6.0pt;">65</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Finance leases</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">69</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:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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: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=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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Total deferred tax 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=DE style="font-size:6.0pt;">1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:6.0pt;">206&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:6.0pt;">&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: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=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:6.0pt;">&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: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 style="font-size:6.0pt;">&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: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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">1,356</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax liabilities:</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Difference between
  accounting and tax bases of property and equipment</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 style="font-size:6.0pt;">(1,597</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:6.0pt;">)</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 style="font-size:6.0pt;">(56</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:6.0pt;">)</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 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 style="font-size:6.0pt;">&nbsp;</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 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 style="font-size:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">(1,653</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Valuation of long-term investment</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">(45</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">(45</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Land rights, intangible
  assets and others</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 style="font-size:6.0pt;">(23</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">6</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif 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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif 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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">(17</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Total deferred tax liabilities</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">(1,665</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(50</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;">)</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(1,715</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Deferred tax liabilities
  of the Company</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:6.0pt;">(459</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=DE style="font-size:6.0pt;">)</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">100</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(359</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;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Telkomsel</font></b></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-top:solid windowtext 1.0pt;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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax assets:</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;"><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=bottom width=12% 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: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=bottom width=12% 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: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=bottom width=12% 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: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=bottom width=12% 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: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>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Provisions for
  employee</font><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;"> benefits</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">349</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">359</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Provision for impairment of
  receivables</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 style="font-size:6.0pt;">138</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:6.0pt;">&nbsp;</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:6.0pt;">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:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:6.0pt;">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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Recognition of interest
  under USO arrangements</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif 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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Total deferred tax 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:6.0pt;">487</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=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:6.0pt;">20</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:6.0pt;">&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: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 style="font-size:6.0pt;">&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: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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax liabilities:</font></p>
  </td>
 <td valign=bottom width=12% 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: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=12% 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: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=12% 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: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=12% 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: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=12% 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: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>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Difference between
  accounting and tax bases</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;"> of</font><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;"> and equipment</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;"> property</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 style="font-size:6.0pt;">(1,395</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:6.0pt;">)</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:6.0pt;">93</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=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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:6.0pt;">(1,302</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Finance leases</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">(385</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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: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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:6.0pt;">(383</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Intangible 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 style="font-size:6.0pt;">(52</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(41</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;">)</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: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 style="font-size:6.0pt;">&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: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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(93</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Total deferred tax liabilities</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">(1,832</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">54</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:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(1,778</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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 lang=IN style="font-size:6.0pt;">Deferred tax
  liabilities</font><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;"> of Telkomsel - net</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 style="font-size:6.0pt;">(1,345</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:6.0pt;">)</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:6.0pt;">74</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=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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:6.0pt;">(1,271</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax
  liabilities of</font><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;"> other subsidiaries - net</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">(</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">306&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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(13</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;">)</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(319</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Deferred tax liabilities - net</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 style="font-size:6.0pt;">(2,110</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;">)</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:6.0pt;">161</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=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:6.0pt;">-</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:6.0pt;">&nbsp;</font></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:6.0pt;">-</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:6.0pt;">&nbsp;</font></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:6.0pt;">(1,948</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;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Deferred tax assets - net</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">201</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=12% 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:6.0pt;">23</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=12% 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:6.0pt;">-</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">-</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">224</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>
 </tr>
</table></div>

<p style="background:white;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>





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<div style="">



<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">78</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TAXATION (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">g</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; Deferred tax assets and
liabilities</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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 details of the Group's
deferred tax assets and liabilities are as follows:</font></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:7.0pt;">&#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></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=top width=36% 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=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">December 31, 2014</font></b></p>
  <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:6.0pt;">(As restated)</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=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">(Charged) credited to
  the
  consolidated statements
  of
  profit
  or loss</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=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">(Charged) credited to
  the
  consolidated statements
  of
  other comprehensive income</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=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Reclassification</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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">December 31, 2015</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=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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;">The Company</font></b></p>
  </td>
 <td valign=bottom width=12% 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:6.0pt;">&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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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:6.0pt;">&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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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:6.0pt;">&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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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:6.0pt;">&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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% 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:6.0pt;">&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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax assets:</font></p>
  </td>
 <td valign=bottom width=12% 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: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=12% 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: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=12% 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: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=12% 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: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=12% 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: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>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Provision
  for impairment of receivable</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:6.0pt;">470</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:6.0pt;">&nbsp;</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:6.0pt;">(</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">41&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 lang=IN style="font-size:6.0pt;">)</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: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 style="font-size:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:6.0pt;">429</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Net
  periodic pension and other</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;"> post-retirement benefits costs</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">330</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=bottom 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 style="font-size:6.0pt;">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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">335</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>
 </tr>
<tr>
  <td valign=top width=36% 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 lang=IN style="font-size:6.0pt;">Accrued
  expenses and provision</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">
  for inventory obsolescence</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 style="font-size:6.0pt;">76</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=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 style="font-size:6.0pt;">135</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=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 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 style="font-size:6.0pt;">&nbsp;</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 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 style="font-size:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">211</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>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Employee benefit
  provisions</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">97</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred
  installation fee</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 style="font-size:6.0pt;">72</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:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">(7</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:6.0pt;">)</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 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 style="font-size:6.0pt;">&nbsp;</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 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 style="font-size:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">65</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Finance leases</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">22</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:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">47</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:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">69</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Total deferred tax
  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:6.0pt;">1,042</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">162</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:6.0pt;">&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: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=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:6.0pt;">&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: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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">,</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">206&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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax
  liabilities:</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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 lang=IN style="font-size:6.0pt;">Difference
  between accounting and tax bases of property</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;"> and equipment</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 style="font-size:6.0pt;">(1,458</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:6.0pt;">)</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 style="font-size:6.0pt;">(139</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:6.0pt;">)</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 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 style="font-size:6.0pt;">&nbsp;</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 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 style="font-size:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">(1,597</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Valuation of
  long-term investment</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">(69</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">24</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">(45</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Land
  rights, intangible assets and others</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 style="font-size:6.0pt;">(14</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(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 style="font-size:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(23</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Total deferred tax
  liabilities</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(1,541</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(124</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(1,665</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Deferred
  tax liabilities of the Company</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(499</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;">)</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">38</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">2</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="background:white;font-size:6.0pt;">-</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(459</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;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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;">Telkomsel</font></b></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="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:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax assets:</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;"><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=bottom width=12% 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: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=bottom width=12% 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: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=bottom width=12% 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: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=bottom width=12% 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: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>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Provisions
  for employee</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">
  benefits</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">323</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">349</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Provision
  for impairment of receivables</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 style="font-size:6.0pt;">129</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:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">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 style="font-size:6.0pt;">&nbsp;</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 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 style="font-size:6.0pt;">&nbsp;</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 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 style="font-size:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">138</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Recognition of
  interest under USO arrangements</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Total deferred tax
  assets</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:6.0pt;">452</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=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:6.0pt;">25</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:6.0pt;">&nbsp;</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:6.0pt;">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:6.0pt;">&nbsp;</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: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 style="font-size:6.0pt;">&nbsp;</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:6.0pt;">487</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred tax
  liabilities:</font></p>
  </td>
 <td valign=bottom width=12% 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: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=12% 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: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=12% 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: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=12% 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: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=12% 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: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>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Difference
  between accounting and tax bases</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;"> of property</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;"> and equipment</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 style="font-size:6.0pt;">(2,044</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:6.0pt;">)</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 style="font-size:6.0pt;">350</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=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 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 style="font-size:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">299</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:6.0pt;">&nbsp;</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 style="font-size:6.0pt;">(1,395</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Finance leases</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">(254</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">(131</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 style="font-size:6.0pt;">(385</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Intangible 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 style="font-size:6.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(52</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Total deferred tax
  liabilities</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(2,359</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">228</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:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">299</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:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(1,832</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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 lang=IN style="font-size:6.0pt;">Deferred
  tax liabilities</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">
  of Telkomsel - net</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 style="font-size:6.0pt;">(1,907</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">253</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=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 style="font-size:6.0pt;">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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">299</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(1,345</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% 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:6.0pt;">Deferred
  tax liabilities of</font><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">
  other subsidiaries - net</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(248</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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">59&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:6.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">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:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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 style="font-size:6.0pt;">&nbsp;</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">306&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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Deferred tax
  liabilities - net</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 style="font-size:6.0pt;">(2,654</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;">)</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 style="font-size:6.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">33&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=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 style="font-size:6.0pt;">13</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:6.0pt;">&nbsp;</font></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 style="font-size:6.0pt;">299</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:6.0pt;">&nbsp;</font></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 style="font-size:6.0pt;">(2,110</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;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Deferred tax assets
  - net</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">95</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=12% 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:6.0pt;">107</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=12% 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:6.0pt;">(</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">1&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 lang=IN style="font-size:6.0pt;">)</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">-</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:6.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">201</font></b></p>
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  <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>
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<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:.5in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.1pt;margin-top:0in;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;">March 31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the aggregate amounts of temporary
differences associated with investments in subsidiaries and associated
companies, for which deferred tax liabilities have not been recognized </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">were Rp31,466 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">billion and Rp2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8,295&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion, respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.1pt;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:1.1pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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="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=EN-US style="font-size:11.0pt;">&nbsp;</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=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TAXATION (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">h</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; Administration </font></p>

<p style="background:white;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="background:white;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;">From 2008 to 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, 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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">year
ended December 31,
2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company calculates the deferred
tax using the tax rate of 20%.</font></p>

<p style="background:white;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="background:white;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 taxation laws of
Indonesia require that the Company and its local subsidiaries to 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, the 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>

<p align=left style="background:white;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;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Minist</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">er&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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 (&quot;SOEs&quot;) to withhold,
deposit and report VAT and Sales Tax on Luxury Goods (&quot;PPnBM&quot;)
according to the procedures outlined in the Regulation which is effective from
July 1, 2012. The Minister 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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=#222222 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company
received a letter from the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Large Tax Office Four</font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;"> </font><font color=#222222 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">No. Pemb-00 427 / WPJ.19
/ KP.0405 /
RIK.SIS / 2015
dated June 29, 2015 </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">regarding the
notice of field examination for the tax period </font><font color=#222222 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">January to December
2014. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">T</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Company received a certificate of
tax audit exemption from the DGT for fiscal years 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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> As of the date of approval and authorization of these
consolidated financial statements, </font><font color=#222222 face=arial,sans-serif lang=IN style="font-size:10.0pt;">t</font><font color=#222222 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">here is
no tax audit performed for
fiscal years 2010,
2012, and 2013.</font></p>

<p style="background:white;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 align=left style="background:white;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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">28</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; BASIC AND DILUTED EARNINGS PER
SHARE</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">Basic earnings per share
is computed by dividing profit for the year attributable to owners of the
parent company amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4,587&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3,814&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion by the weighted average number of shares
outstanding during the period totaling </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">98,175,853,600 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">shares
and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">97,175,853,600 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">shares after stock split for the three
months period ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016 and 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The weighted average
number of shares takes into account the weighted average effect of changes in
treasury stock transaction during the year.</font></p>

<p style="background:white;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="background:white;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;">Basic earnings per share
amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">46.72&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">38.85&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> (in full amount) for the three months period ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016 and 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> &nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;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;">T</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he Company does not have potentially
dilutive financial investments </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">as
of March 31, 2016 and 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;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="background:white;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>





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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_85"></a><a name="_bclPageBorder85"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">29</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; CASH DIVIDENDS AND GENERAL RESERVE</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:2.3pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Pursuant
to</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> the AGM of
Stockholders of the Company as stated in notarial </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">deed&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> No. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">26&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> dated April </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">17</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><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> of Ashoya Ratam, S.H., MKn., the
Company&#8217;s stockholders </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">approved&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> the distribution of cash dividend and
special cash dividend for 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> amounting to Rp7,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">319&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;">(Rp74.55 per share) </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,46</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">4&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;"> (Rp14.91
per share)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively.
On </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">May 21</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</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company paid the cash dividend
and special cash dividend totalling Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8,783
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">billion.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:2.3pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.3pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; Appropriation of Retained
Earnings</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.3pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:19.6pt;text-align:justify;text-indent:.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:2.3pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:19.6pt;text-align:justify;text-indent:.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The balance
of the appropriated retained earnings of the Company as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016 and December
31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> amounting </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">to Rp15,337 billion,
respectively</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p align=left style="background:white;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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; PENSION AND OTHER POST-EMPLOYMENT
BENEFITS</font></b></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
breakdown of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">pension and other post-employment benefits </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;is
as follows:</font></p>

<p style="background:white;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:9.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=48% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:10.0pt;">Notes</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=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 lang=IN style="font-size:10.0pt;">March 31,2016</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=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 lang=IN style="font-size:10.0pt;">March 31,2015</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=48% 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;">Prepaid pension benefit cost</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% 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:10.0pt;">The
  Company - funded</font></p>
  </td>
 <td valign=bottom width=17% 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;">30a.ia</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=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:10.0pt;">1,268</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=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 lang=IN style="font-size:10.0pt;">1,329</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=48% 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 lang=IN style="font-size:10.0pt;">MDM</font></p>
  </td>
 <td valign=bottom width=17% 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;">&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 lang=IN style="font-size:10.0pt;">&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 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=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=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:10.0pt;">2</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=48% 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:10.0pt;">Infomedia</font></p>
  </td>
 <td valign=bottom width=17% 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;">&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=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:10.0pt;">0</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=top width=16% 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=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=48% 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><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> prepaid pension benefit cost</font></b></p>
  </td>
 <td valign=bottom width=17% 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</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:10.0pt;">1,269</font></b></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=16% 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;">1,331</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>
<tr>
  <td valign=bottom width=48% 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;">Pension
  benefit and other post-employment benefit obligations</font></b></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><i><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></i></sup></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;"><sup><i><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></i></sup></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;"><sup><i><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></i></sup></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;"><sup><i><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></i></sup></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;"><sup><i><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></i></sup></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><i><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></i></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% 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;">Pension</font></p>
  </td>
 <td valign=bottom width=17% 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></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;"><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>
 </tr>
<tr>
  <td valign=bottom width=48% 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;">The
  Company - unfunded</font></p>
  </td>
 <td valign=bottom width=17% 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;">30a.ib</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=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:10.0pt;">2,940</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=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 lang=IN style="font-size:10.0pt;">2,500</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=48% 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;">Telkomsel</font></p>
  </td>
 <td valign=bottom width=17% 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;">30a.ii</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=17% 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;">848</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=16% 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;">803</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=48% 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:10.0pt;">Pension
  benefit</font></p>
  </td>
 <td valign=bottom width=17% 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=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=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:10.0pt;">3,338</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=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 lang=IN style="font-size:10.0pt;">3,303</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=48% 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 lang=IN style="font-size:10.0pt;">Health</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;"> post-employment benefit</font></p>
  </td>
 <td valign=bottom width=17% 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;">30b</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=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:10.0pt;">164</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=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:10.0pt;">118</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=48% 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;">Other
  post-employment benefit</font></p>
  </td>
 <td valign=bottom width=17% 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;">30c</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=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:10.0pt;">497</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=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 lang=IN style="font-size:10.0pt;">497</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=48% 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;">Obligation
  under the Labor Law</font></p>
  </td>
 <td valign=bottom width=17% 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;">30d</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=17% 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;">265</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=16% 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;">253</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=48% 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 lang=IN style="font-size:10.0pt;">Total pension benefit and other </font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">post-employment benefit obligations</font></b></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;"><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=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=17% 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;">4,624</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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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;">4,171</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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; The
breakdown of the benefit expense recognized in the consolidated statements of
profit or loss and other comprehensive income is as follows:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><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:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=48% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:10.0pt;">Notes</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:10.0pt;">March 31,2016</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 lang=IN style="font-size:10.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31,2015</font></b></p>
  </td>
 <td valign=bottom width=1% 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>
 </tr>
<tr>
  <td valign=bottom width=48% 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;">Net periodic pension costs</font></b></p>
  </td>
 <td valign=bottom width=17% 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=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=17% 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=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=16% 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=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=48% 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:10.0pt;">The
  Company - funded</font></p>
  </td>
 <td valign=bottom width=17% 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;">30a.ia</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">61</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:10.0pt;">37</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% 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 lang=IN style="font-size:10.0pt;">The
  Company - unfunded</font></p>
  </td>
 <td valign=bottom width=17% 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;">30a.ib</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">70</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">63</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% 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:10.0pt;">Telkomsel</font></p>
  </td>
 <td valign=bottom width=17% 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;">30a.ii</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">56</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% style="background:#c6d9f1;padding:0in 0in 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=17% 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;">23</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">187</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">138</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% 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;">Health post-employment benefit</font></p>
  </td>
 <td valign=bottom width=17% 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=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=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:10.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">61</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% style="background:#c6d9f1;padding:0in 0in 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 post-retirement benefit costs</font></p>
  </td>
 <td valign=bottom width=17% 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;">23,30c</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">46</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">12</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% 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;">Employee benefit costs under the
  Labor Law</font></p>
  </td>
 <td valign=bottom width=17% 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;">30d</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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;">12</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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% 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=17% 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 lang=IN style="font-size:10.0pt;">&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:10.0pt;">&nbsp;</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:10.0pt;">245</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">223</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="background:white;margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:1.0pt;text-align:justify;text-indent:-.25in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:12.0pt;line-height:50%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:12.0pt;line-height:50%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:12.0pt;line-height:50%;">&#160;&#160;&#160; </font></sup></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">81</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<p style="background:white;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; PENSION AND OTHER POST-EMPLOYMENT
BENEFITS (continued)</font></b></p>

<p style="background:white;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="background:white;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;">a.&#160;&#160; Pension benefit
costs </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:59.05pt;text-align:justify;text-indent:-59.05pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">i.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The
Company (continued)</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:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.8pt;text-align:justify;text-indent:-22.45pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Funded&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></p>

<p style="background:white;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="background:white;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;">The Company sponsors a
defined benefit pension plan for 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 March 2003: 8.4%) of their basic
salaries to the pension fund. The Company&#8217;s contributions to the pension fund
for the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">three
months period </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;">March 31, 2016 and December
31, 2015 amounted to Rpnihil</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
respectively.&#160; </font></p>

<p style="background:white;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="background:white;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;">The following table
presents the changes in projected pension benefit obligations, changes in
pension benefit plan assets, funded status of the pension plan and net amount
recognized in the consolidated statements of financial position for the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">three months period </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;">March 31</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;">6
and for the year ended December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
on the defined benefit pension plan: </font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=top width=57% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">March
  31, 2016</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=21% 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;">December
  31, 2015</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=57% 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;">Changes in projected pension benefit </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">o</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">bligation&nbsp;</font></b></p>
  </td>
 <td valign=top width=21% 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=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=top width=21% 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=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=57% 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;">Projected pension benefit obligations at beginning of
  year</font></p>
  </td>
 <td valign=bottom width=21% 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;">16,505</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=21% 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;">17,402</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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Charged to profit or loss Service costs</font></p>
  </td>
 <td valign=bottom width=21% 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;">80</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=21% 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;">218</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=57% 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;">Past
  service cost - plan amendment</font></p>
  </td>
 <td valign=bottom width=21% 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=21% 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=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=57% 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;">Interest
  costs</font></p>
  </td>
 <td valign=bottom width=21% 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;">356</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=21% 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;">1,445</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=57% 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;">Pension
  plan participants&#8217; contributions</font></p>
  </td>
 <td valign=bottom width=21% 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;">11</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=21% 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;">45</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=57% 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;">Actuarial
  (losses) gain recognized in OCI</font></p>
  </td>
 <td valign=bottom width=21% 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;">895</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=21% 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;">(1,666</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=57% 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;">Expected
  pension benefits paid</font></p>
  </td>
 <td valign=bottom width=21% 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;">(335</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=21% 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;">(808</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Completion</font></p>
  </td>
 <td valign=bottom width=21% 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=21% 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;">(76</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=top width=57% 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;">Projected pension
  benefit obligations at end of period</font></p>
  </td>
 <td valign=bottom width=21% 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;">17,512</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=21% 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;">16,505</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=top width=57% 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;">Changes in pension
  benefit plan assets</font></b></p>
  </td>
 <td valign=bottom width=21% 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=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=21% 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=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=57% 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;">Fair value of pension plan assets at beginning of year</font></p>
  </td>
 <td valign=bottom width=21% 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;">17,834</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=21% 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;">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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Interest
  income</font></p>
  </td>
 <td valign=bottom width=21% 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;">387</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=21% 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;">1,576</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=57% 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;">Return on plan assets (excluding amount included in net
  interest expense)</font></p>
  </td>
 <td valign=bottom width=21% 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;">895</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=21% 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;">(1,837</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Pension
  plan participants&#8217; contributions</font></p>
  </td>
 <td valign=bottom width=21% 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</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=21% 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;">45</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=57% 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;">Expected
  pension benefits paid</font></p>
  </td>
 <td valign=bottom width=21% 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;">(335</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=21% 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;">(808</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Administrative
  expenses paid</font></p>
  </td>
 <td valign=bottom width=21% 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;">(12</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=21% 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;">(71</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Fair
  value of pension plan assets at end of period</font></p>
  </td>
 <td valign=bottom width=21% 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;">18,870</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=21% 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;">17,834</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=57% style="background:#c6d9f1;padding:0in 0in 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;">Funded status</font></p>
  </td>
 <td valign=bottom width=21% 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;">1,268</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=21% 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;">1,329</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=57% 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;">Unrecoverable surplus
  (effect of asset ceiling)</font></p>
  </td>
 <td valign=bottom width=21% 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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">-</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=57% 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;">Prepaid pension
  benefit </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">c</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">ost&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">1,268</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">1,329</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:50%;">&nbsp;</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=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;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">82</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT><FONT style="FONT-SIZE: 4pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P></DIV>

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

<P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" 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: 0in; MARGIN: 0in" 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=IN 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=IN color=windowtext face=arial,sans-serif>For the Three Months Period Ended March 31, 2016 and 2015 (unaudited)</FONT></B></P>

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

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in; BACKGROUND: white" align=left>
<A href="#TOC"><U><FONT style="FONT-SIZE: 8pt" lang=EN-US 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: left; TEXT-INDENT: -0.7pt; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>30</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp; PENSION AND OTHER POST-EMPLOYMENT BENEFITS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; 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 0in 0pt 0.25in; BACKGROUND: white"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Pension benefit costs (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; BACKGROUND: white"><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -44.5pt; MARGIN: 0in 0in 0pt 44.5pt"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>i.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN 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: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.8pt; MARGIN: 0in 0in 0pt 58.8pt"><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; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=arial,sans-serif>Funded&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; BACKGROUND: white"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 58.5pt; MARGIN: 0in 0in 0pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>As of March 31, 2016 and December 31, 2015, </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; TEXT-INDENT: 35.7pt; MARGIN: 0in 0in 0pt; BACKGROUND: white"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 88.56%; 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: 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=top width="35%" 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>March 31, 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><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="29%" 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>December 31, 2015</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" 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="35%">

   <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="17%">

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

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

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

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

   <TD style="PADDING-BOTTOM: 0in; 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=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: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Quoted in active market</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; 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=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: 10pt" color=windowtext face=arial,sans-serif>Unquoted</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" 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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Cash and cash equivalent</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>1,431</FONT></P></TD>

   <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="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: 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="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>1,335</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: 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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <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>Equity instruments finance</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>1,147</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: 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="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: 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="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>1,153</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: 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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Consumer goods</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>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: 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="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: 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="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>953</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <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>Infrastructure, utilities and transportation</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>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: 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="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: 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="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>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: 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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <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>Construction, property and real estate</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>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: 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="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: 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="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>573</FONT></P></TD>

   <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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Basic industry and chemical</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>546</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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="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: 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="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>163</FONT></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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <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>Trading, service and investment</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>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: 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="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: 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="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>183</FONT></P></TD>

   <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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Mining</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>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: 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="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: 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="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>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: 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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Agriculture</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>34</FONT></P></TD>

   <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="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: 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="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>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: 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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Miscellaneous industr</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>ies&nbsp;</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>715</FONT></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="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: 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="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>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: 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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Equity-based mutual fund</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>1,001</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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="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: 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="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>1,120</FONT></P></TD>

   <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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Fixed income instruments</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>&nbsp;</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="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>&nbsp;</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="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>&nbsp;</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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <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>Corporate bonds</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: 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="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>3,359</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: 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="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: 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="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3,587</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" 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="35%">

   <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>Government</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif> bonds</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>8,030</FONT></P></TD>

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

   <P style="TEXT-ALIGN: 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="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: 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="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>7,257</FONT></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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

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

   <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="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>&nbsp;</P></TD>

   <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="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>&nbsp;</P></TD>

   <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="11%">

   <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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>D</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>irect placement</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: 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="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>163</FONT></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="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: 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="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>163</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" 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="35%">

   <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>Property</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: 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="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>156</FONT></P></TD>

   <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="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: 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="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>156</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <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="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>-</FONT></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="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>594</FONT></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="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>-</FONT></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="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=IN 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=top width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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="35%">

   <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>14,508</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: 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 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>4,272</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: 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 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>13,688</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: 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 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=IN color=windowtext face=arial,sans-serif>4,146</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><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; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" 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; MARGIN: 0in 0in 0pt 0.5in; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Pension plan assets also include Series B shares issued by the Company with fair values totalling Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>431&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>445&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion, representing </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2.29</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>2.49</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>% of total plan assets as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>March 31, 2016 and December 31, 2015</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, respectively, and bonds issued by the Company with fair value totaling Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>310&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>464&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion representing </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1.66</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>2.60</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>% of total assets as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>March 31, 2016 and December 31, 2015</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 0.5in; BACKGROUND: white"><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 35.45pt; BACKGROUND: white"><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 Rp1,270 billion and </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>Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>332 </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>) for the three months period ended March 31, 2016 and for the year ended December 31, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2015, 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 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>does not expect to contribute to the defined benefit pension plan in 2016</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 0.5in; BACKGROUND: white"><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 35.45pt; BACKGROUND: white"><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>policy issued</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> 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 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>by </FONT><I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Dana Pensiun Telkom</FONT></I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, there is an increas</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>in monthly benefits given to the pension</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ers</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, widow/widower or the child</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ren&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> 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 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>end of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>June 2002.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt; BACKGROUND: white"><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 35.45pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>During 2015, the Company made a settlement to pensioners, widow/widower or the children of participant who has monthly pension benefits under Rp1,500,000 and choose to withdraw their pension benefits in lump sum.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><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="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS
(continued)</font></b></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;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;">Pension benefit costs (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;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;margin-left:45.0pt;text-align:justify;text-indent:-45.0pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">i.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The Company (continued)</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:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:63.0pt;text-align:justify;text-indent:-27.35pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Funded&nbsp;</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:63.0pt;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:.0001pt;margin-left:63.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The movements of the prepaid pension
benefit cost during </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for
the three months period ended March 31, 2016</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;">December
31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> are as follows: </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><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:63.0pt;width:87.84%;">
 <tr>
  <td valign=bottom width=52% 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: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=IN style="font-size:9.0pt;">2016</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></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=IN style="font-size:9.0pt;">2015</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Prepaid pension benefit cost at beginning
  of year</font></p>
  </td>
 <td valign=bottom width=23% 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;">1,329</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% 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;">1,170</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Net periodic pension
  benefit cost</font></p>
  </td>
 <td valign=bottom width=23% 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;">(61</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:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=23% 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;">(27</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:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#c6d9f1;padding:0in 0in 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;">Actuarial losses
  (gain) recognized via the OCI</font></p>
  </td>
 <td valign=bottom width=23% 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;">(895</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;">)</font></p>
  </td>
 <td valign=bottom width=23% 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;">1,666</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Asset ceiling
  recognized via the OCI</font></p>
  </td>
 <td valign=bottom width=23% 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;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% 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;">357</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Return on plan assets (excluding amount
  included in net interest expense)</font></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">895</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">(1,837</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Prepaid pension
  benefit
  cost
  at end of year</font></b></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">1,268</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">1,329</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><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:63.0pt;width:87.84%;">
 <tr>
  <td valign=bottom width=52% style="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:9.0pt;text-decoration:none;">&nbsp;</font></sup></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=IN style="font-size:9.0pt;">2016</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></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=IN style="font-size:9.0pt;">2015</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#c6d9f1;padding:0in 0in 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;">Service costs</font></p>
  </td>
 <td valign=bottom width=23% 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;">80</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% 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;">55</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Plan administration cost</font></p>
  </td>
 <td valign=bottom width=23% 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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% 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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#c6d9f1;padding:0in 0in 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;">Net interest cost</font></p>
  </td>
 <td valign=bottom width=23% 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;">(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:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=23% 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;">(33</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:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Net periodic pension benefit cost</font></p>
  </td>
 <td valign=bottom width=23% 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;">61</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% 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;">37</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#c6d9f1;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:9.0pt;">Cost to subsidiaries by agreement</font></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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:9.0pt;">Net periodic pension
  benefit cost</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;"> less cost to subsidiaries by agreement</font></b></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">61</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">37</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:37.8pt;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The components of other
comprehensive income are as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:37.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:63.0pt;width:87.84%;">
 <tr>
  <td valign=bottom width=52% style="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:9.0pt;text-decoration:none;">&nbsp;</font></sup></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=IN style="font-size:9.0pt;">2016</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></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=IN style="font-size:9.0pt;">2015</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#c6d9f1;padding:0in 0in 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;">Actuarial losses (gain) beginning of year</font></p>
  </td>
 <td valign=bottom width=23% 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;">895</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% 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;">496</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Asset ceiling</font></p>
  </td>
 <td valign=bottom width=23% 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;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% 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;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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;">Return on plan assets
  (excluding amount included in net interest expense)</font></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">(895</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:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">(</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">496&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:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% 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=IN style="font-size:9.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% 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:9.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">84</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS
(continued)</font></b></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;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;">Pension benefit costs (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;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;margin-left:45.0pt;text-align:justify;text-indent:-45.0pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">i.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The Company (continued)</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:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:63.0pt;text-align:justify;text-indent:-26.65pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Funded&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></p>

<p style="background:white;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="background:white;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 29b and 29c) was performed based on the measurement date as of December
31, 2015 and 2014, with reports dated February 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
2016 and February 24, 2015, respectively, by PT Towers Watson Purbajaga
(&#8220;TWP&#8221;), an independent actuary in association with Willis Towers Watson
(&#8220;WTW&#8221;) (formerly Towers Watson). The principal actuarial assumptions used by
the independent actuary as of March 31, 2016 and December 31, 2015 are as
follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><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:.5in;width:93.06%;">
 <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 lang=IN 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 lang=IN style="font-size:10.0pt;">December 31, 2015</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 lang=IN 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 lang=IN style="font-size:10.0pt;">December 31, 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: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;">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;">9.00%</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 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;">8.50</font><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 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;">Rate of compensation increases</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;">8.00%</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;">8.00%</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;">Indonesian mortality table</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;">2011</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 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;">2011</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;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:63.0pt;text-align:justify;text-indent:-27.35pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Unf</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">unded&nbsp;</font></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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:0pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company sponsors
unfunded defined benefit pension plans and a defined contribution pension plan
for its employees.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="background:white;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 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 color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Dana
Pensiun Lembaga Keuangan</font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp2
billion and </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Rp7 billion </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">as of &#160;March 31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively.</font></p>

<p style="background:white;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="background:white;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;">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. In 2010, the Company replaced the uniformulation with </font><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Manfaat
Pensiun Sekaligus</font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> (&#8220;MPS&#8221;).
MPS is given to those
employees reaching retirement age, upon death or upon becoming disabled
starting from February 1, 2009. </font></p>

<p style="background:white;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="background:white;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 also provides
benefits to employees during a pre-retirement period in which they are inactive
for 6 months prior to their normal retirement age of 56 years, known as
pre-retirement benefits (&#8220;Masa Persiapan Pensiun&#8221; or &#8220;MPP&#8221;). 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. 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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.9pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">85</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; PENSION AND OTHER POST-EMPLOYMENT
BENEFITS (continued)</font></b></p>

<p align=left style="background:white;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="background:white;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:22.5pt;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">b.&#160; Pension benefit costs </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="background:white;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 style="margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;text-align:justify;text-indent:-45.0pt;"><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">i.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The Company (continued)</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:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:63.0pt;text-align:justify;text-indent:-25.95pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Unf</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">unded&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></p>

<p style="background:white;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="background:white;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="background:white;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 following table
presents the change in projected pension benefits obligation of MPS and MPP </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for the three months period
ended March 31, 2016 and for the year ended December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">:&nbsp;</font></p>

<p style="background:white;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:9.0pt;">&#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; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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: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=IN style="font-size:9.0pt;">March 31,
  2016</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></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=IN style="font-size:9.0pt;">December
  31,2015</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Changes in projected pension benefit
  obligations</font></b></p>
  </td>
 <td valign=top width=22% 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:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% 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:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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:9.0pt;">Unfunded projected pension benefit
  obligations at beginning of year</font></p>
  </td>
 <td valign=bottom width=22% 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;">2,500</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=22% 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;">2,326</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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:9.0pt;">Service
  costs</font></p>
  </td>
 <td valign=bottom width=22% 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;">16</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=22% 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;">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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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:9.0pt;">Interest
  costs</font></p>
  </td>
 <td valign=bottom width=22% 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;">54</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">191</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:9.0pt;">Actuarial
  </font><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">losses
  recognized in OCI</font></p>
  </td>
 <td valign=bottom width=22% 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;">-</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=22% 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;">187</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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:9.0pt;">Benefits
  paid by employer</font></p>
  </td>
 <td valign=bottom width=22% 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;">(80</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:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% 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;">(264</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:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Unfunded projected pension benefit
  obligations at end of year</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">2,490</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=22% 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;">2,500</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:37.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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 components of total
periodic pension benefit cost are as follows: </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:37.8pt;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:.75in;width:89.58%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=54% 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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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 lang=IN style="font-size:9.0pt;">March 31, 2016</font></b></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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 lang=IN style="font-size:9.0pt;">March 31, 2015</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:9.0pt;">Service costs</font></p>
  </td>
 <td valign=bottom width=22% 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:9.0pt;">16</font></p>
  </td>
 <td valign=bottom width=1% 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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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:9.0pt;">15</font></p>
  </td>
 <td valign=bottom 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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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:9.0pt;">Net interest cost</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;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:9.0pt;">54</font></p>
  </td>
 <td valign=bottom width=1% 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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;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:9.0pt;">48</font></p>
  </td>
 <td valign=bottom 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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=54% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total periodic pension
  benefit cost</font></b></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;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;">70</font></b></p>
  </td>
 <td valign=bottom width=1% 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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;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;">63</font></b></p>
  </td>
 <td valign=bottom 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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Amounts recognized
in OCI amounted to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">RpNil
billion as of March 31</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;"> 2016 and 2015, respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The actuarial valuation on
defined benefit pension plan and other post employment benefits (Note 30b and
31c) was performed based on the date of December 31, 2015 and 2014, in a report
dated February 25, 2016 and March 13, 2015 by PT Towers Watson Purbajaga
(&quot;TWP&quot;), independent actuary in association with Towers Watson Willis
(&quot;WTW&quot;)</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
(formerly Towers Watson).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The principal actuarial
assumptions used by the independent actuary as of December 31, 2015 and 2014
are as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:63.0pt;margin-right:0pt;margin-top:0in;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:89.58%;">
 <tr>
  <td valign=bottom width=53% 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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% 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;">December 31, 2015</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=22% 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;">December 31, 2014</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=53% 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;">Discount rate</font></p>
  </td>
 <td valign=bottom width=23% 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;">9.00%</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">8.50</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">%&nbsp;</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=53% 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;">Rate of compensation increases</font></p>
  </td>
 <td valign=bottom width=23% 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;">varies</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">8.00%</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=53% 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;">Indonesia</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">n&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;"> mortality table</font></p>
  </td>
 <td valign=bottom width=23% 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;">2011</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">2011</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS (continued)</font></b></p>

<p align=left style="background:white;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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:22.5pt;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">b.&#160; Pension benefit costs </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:22.5pt;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; (ii)&#160;&#160; Telkomsel</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;margin-right:.05pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 have been fully made by Telkomsel.</font></p>

<p style="background:white;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="background:white;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;">Telkomsel&#8217;s contributions
to Jiwasraya amounted to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Nil
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">192 billion for the three months period ended
March 31, 2016 and for the year ended December 31, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015, respectively.</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;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 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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for the three months period ended
March 31, 2016 and for the year ended December 31, 2015 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">of its defined benefit pension plan:</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">March 31, 2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">December 31, 2015</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=54% 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;">Changes
  in projected pension
  benefit
  obligation</font></b></p>
  </td>
 <td valign=top width=22% 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=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=top width=22% 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=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=54% 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;">Projected
  pension benefit obligation</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
  at beginning of year</font></p>
  </td>
 <td valign=bottom width=22% 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;">1,415</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=22% 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;">1,281</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=54% style="background:#c6d9f1;padding:0in 0in 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;">Charged to profit or loss</font></p>
  </td>
 <td valign=bottom width=22% 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=22% 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=bottom width=54% 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;">Service
  costs</font></p>
  </td>
 <td valign=bottom width=22% 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;">27</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=22% 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;">101</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=54% 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 lang=IN style="font-size:10.0pt;">Net
  i</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">nterest cost</font></p>
  </td>
 <td valign=bottom width=22% 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;">29</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=22% 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;">106</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=54% 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;">Actuarial
  (losses) gain recognized in OCI</font></p>
  </td>
 <td valign=bottom width=22% 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=22% 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;">(64</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=54% 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;">Expected
  benefits paid</font></p>
  </td>
 <td valign=bottom width=22% 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=22% 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>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Projected
  pension benefit obligation at end of year</font></p>
  </td>
 <td valign=bottom width=22% 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;">1,471</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=22% 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;">1,415</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=54% 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;">Changes
  in pension benefit plan assets</font></b></p>
  </td>
 <td valign=bottom width=22% 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=22% 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=bottom width=54% 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;">Fair
  value of plan assets at beginning of year</font></p>
  </td>
 <td valign=bottom width=22% 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;">612</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=22% 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;">469</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=54% 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;">Interest
  income in profit or loss</font></p>
  </td>
 <td valign=bottom width=22% 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</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=22% 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;">39</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=54% 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;">Return
  on plan assets (excluding amount included </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">in net interest expense)</font></p>
  </td>
 <td valign=bottom width=22% 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=22% 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;">(79</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>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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;">Employer&#8217;s contributions</font></p>
  </td>
 <td valign=bottom width=22% 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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">192</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=54% 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 benefits paid</font></p>
  </td>
 <td valign=bottom width=22% 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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">(9</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>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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;">Fair value of plan assets at end of year</font></p>
  </td>
 <td valign=bottom width=22% 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;">623</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=22% 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;">612</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=54% 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;">Funded status</font></p>
  </td>
 <td valign=bottom width=22% 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;">(848</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=22% 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;">(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=IN style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Provision for pension benefit </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">ost&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">(848</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;">)</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">(803</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;">)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:20.0pt;line-height:50%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">87</font></p>

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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS (continued)</font></b></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:4.5pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160; Pension
benefit costs (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:.2pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(ii)</font><font color=windowtext face="times new roman" lang=IN 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 (continued)</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Movements of the provision </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">for </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">pension
benefit cost for the three months period ended March 31, 2016 and for the year
ended December 31, 2015</font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:10.0pt;">: &nbsp;</font></p>

<p style="background:white;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:9.0pt;">&#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; &nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&#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; &nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&#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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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=IN style="font-size:9.0pt;">&nbsp;</font></b></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=IN style="font-size:9.0pt;">March 31, 2016</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></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=IN style="font-size:9.0pt;">December 31, 2015</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=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Provision for pension
  benefit cost at beginning of year</font></p>
  </td>
 <td valign=bottom width=22% 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;">(803</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:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% 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;">(812</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Periodic pension benefit
  cost</font></p>
  </td>
 <td valign=bottom width=22% 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;">(5</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:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% 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;">(168</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Actuarial gain (losses)
  recognized via the OCI</font></p>
  </td>
 <td valign=bottom width=22% 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;">-</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=22% 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;">64</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=54% 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;">Return on plan assets
  (excluding amount included in net interest expense)</font></p>
  </td>
 <td valign=bottom width=22% 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;">-</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=22% 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;">(79</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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;">Employer contributions</font></p>
  </td>
 <td valign=bottom width=22% 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:9.0pt;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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:9.0pt;">192</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=54% 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:9.0pt;">Provision for pension
  benefit cost at end of year</font></b></p>
  </td>
 <td valign=bottom width=22% 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:9.0pt;">(808</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=IN style="font-size:9.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=22% 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:9.0pt;">(803</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=IN style="font-size:9.0pt;">)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:1.0pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;line-height:50%;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">The
components of the periodic pension benefit cost are as follows: </font></p>

<p style="background:white;margin-bottom:0in;margin-left:37.8pt;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:9.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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: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=IN style="font-size:9.0pt;">2016</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></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=IN style="font-size:9.0pt;">2015</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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;">Service costs</font></p>
  </td>
 <td valign=bottom width=22% 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;">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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">25</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Net interest cost</font></p>
  </td>
 <td valign=bottom width=22% 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;">29</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: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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">13</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Total periodic
  pension benefit cost</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">56</font></b></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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">38</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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 periodic pension costs for the
pension plan was calculated based on </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;">
measurement date as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 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;">, with reports dated February </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">12</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, 2016 and February 5, 2015,
respectively, by TWP, an independent actuary in association with </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">W</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">TW. The principal actuarial
assumptions used by the independent actuary based on the measurement date as of
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 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;">,
are as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">December 31, 2015</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;">&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-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;">December 31, 2014</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Discount rate</font></p>
  </td>
 <td valign=bottom width=22% 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;">9.25%</font></p>
  </td>
 <td valign=bottom 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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">8.25</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">%&nbsp;</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Rate of compensation increases</font></p>
  </td>
 <td valign=bottom width=22% 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;">8.00%</font></p>
  </td>
 <td valign=bottom 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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">6.50%</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Indonesian mortality table</font></p>
  </td>
 <td valign=bottom width=22% 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;">2011</font></p>
  </td>
 <td valign=bottom 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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% 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;">2011</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.5in;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:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">30.</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS (continued)</font></b></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:4.5pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160; Post-employment
health care benefits provisions</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">The Company
provides a post-retirement health care plan for all employees who are already
working before November 1, 1995 with a service life of 20 years or older at the
time of retirement, and family members are eligible. The requirement to work
for 20 years does not apply to employees who retired prior to June 3, 1995.
This program does not apply to employees who began working at the Company since
November 1, 1995 post-retirement health insurance program that is managed by
Yakes.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Post-retirement
health care plan defined contribution for permanent employees who begin work on
or after November 1, 1995, or employees with terms of less than 20 years old at
the time of retirement. Company's contribution payments for the three month
period ended March 31, 2016 and for the year ended December 31, 2015,
respectively Rp17 billion and Rp15 billion.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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;">The following
table presents the change in projected benefits obligation, change in plan
assets for post-retirement health, funded status of post-retirement health care
benefits, and the net amount recognized in the statement of financial position
of the Company on March 31, 2016 and December 31, 2015:</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN 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:93.06%;">
 <tr>
  <td valign=bottom width=57% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">March
  31, 2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">December
  31, 2015</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Changes in projected pension benefit obligation</font></b></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=IN 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=IN 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Projected pension benefit obligation at
  beginning of year</font></p>
  </td>
 <td valign=bottom width=21% 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;">10,942</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">11,505</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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=IN style="font-size:10.0pt;">Service costs</font></p>
  </td>
 <td valign=bottom width=21% 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</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=21% 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;">49</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=57% 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;">Net interest cost</font></p>
  </td>
 <td valign=bottom width=21% 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;">248</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=21% 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;">961</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=57% 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;">Actuarial (losses) gain</font></p>
  </td>
 <td valign=bottom width=21% 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;">496</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=21% 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;">(1,187</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Eexpected benefits paid</font></p>
  </td>
 <td valign=bottom width=21% 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;">(104</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=21% 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;">(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 lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Projected pension benefit obligation at end of year</font></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:10.0pt;">11,584</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:10.0pt;">10,942</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Changes in pension
  benefit plan assets</font></b></p>
  </td>
 <td valign=bottom width=21% 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 lang=IN style="font-size:10.0pt;">&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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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 lang=IN style="font-size:10.0pt;">&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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Fair
  value of plan assets at beginning of year</font></p>
  </td>
 <td valign=bottom width=21% 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;">10,824</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">11,064</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Interest
  income in profit or loss</font></p>
  </td>
 <td valign=bottom width=21% 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;">245</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=21% 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;">924</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=57% 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;">Return on plan assets (excluding amount included </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">in net interest expense)</font></p>
  </td>
 <td valign=bottom width=21% 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;">496</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=21% 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;">(647</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Expected post-employment</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;"> health care
  benefits paid</font></p>
  </td>
 <td valign=bottom width=21% 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;">(104</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=21% 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;">(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 lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Administrative
  expense paid</font></p>
  </td>
 <td valign=bottom width=21% 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;">(41</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=21% 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;">(131</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Fair
  value of plan assets at end of year</font></p>
  </td>
 <td valign=bottom width=21% 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;">11,420</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% 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;">10,824</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Funded
  status</font></p>
  </td>
 <td valign=bottom width=21% 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;">(164</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=21% 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;">(118</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>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Provision for
  pension benefit </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">c</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">ost&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">(164</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=IN style="font-size:10.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">(118</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=IN style="font-size:10.0pt;">)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:14.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>





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



<div style="">



<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">89</font></p>

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</table></div>



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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">30.</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS (continued)</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:4.5pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160; Post-employment
health care benefits provisions (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:14.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:.5in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">As
of March 31, 2016 and December 31, 2015, plan assets consisted of:</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN 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:93.06%;">
 <tr>
  <td valign=bottom width=35% 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 lang=IN 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-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;">March 31, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6&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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></sup></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-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;">December 31, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=15% 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;">Quoted in active market</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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">Unquoted</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=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:8.0pt;">Quoted in active market</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;">Unquoted</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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Cash and cash equivalents</font></p>
  </td>
 <td valign=bottom width=15% 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;">779</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">811</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Equity instruments:</font></p>
  </td>
 <td valign=bottom width=15% 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=bottom 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 lang=IN 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-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=bottom 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 lang=IN 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-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=bottom 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 lang=IN 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-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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Manufacturing &amp; </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">consumer goods</font></p>
  </td>
 <td valign=bottom width=15% 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;">556</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">571</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=IN style="font-size:8.0pt;">Finance</font></p>
  </td>
 <td valign=bottom width=15% 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;">592</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">566</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Construction</font></p>
  </td>
 <td valign=bottom width=15% 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;">312</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">301</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Infrastru</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">cture and</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> tele</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">communication&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;">243</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">211</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Grocery</font></p>
  </td>
 <td valign=bottom width=15% 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;">47</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">70</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=IN style="font-size:8.0pt;">Mining</font></p>
  </td>
 <td valign=bottom width=15% 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;">12</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">12</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Miscellaneous industries:</font></p>
  </td>
 <td valign=bottom width=15% 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=right style="margin-bottom:0in;margin-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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=bottom width=35% 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 lang=IN style="font-size:8.0pt;">Service</font></p>
  </td>
 <td valign=bottom width=15% 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;">23</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">33</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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:8.0pt;">Agriculture</font></p>
  </td>
 <td valign=bottom width=15% 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;">28</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">23</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;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;">Biotechnology and chemical industry </font></p>
  </td>
 <td valign=bottom width=15% 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;">92</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">6</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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:8.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=15% 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</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">3</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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 lang=IN style="font-size:8.0pt;">Equity-based mutual fund</font></p>
  </td>
 <td valign=bottom width=15% 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;">1,186</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">1,129</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Fixed income instruments:</font></p>
  </td>
 <td valign=bottom width=15% 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=right style="margin-bottom:0in;margin-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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=bottom width=35% 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 lang=IN style="font-size:8.0pt;">Equity-baesd fixed income</font></p>
  </td>
 <td valign=bottom width=15% 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;">7,359</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">6,837</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Non-public equity:</font></p>
  </td>
 <td valign=bottom width=15% 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=right style="margin-bottom:0in;margin-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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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=bottom width=35% 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 lang=IN style="font-size:8.0pt;">Direct placement</font></p>
  </td>
 <td valign=bottom width=15% 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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">189</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></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:8.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;">213</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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:8.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=15% 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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;">38</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Total</font></b></p>
  </td>
 <td valign=bottom width=15% 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;">11,231</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">189</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">10</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">57</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;">251</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Assets Askes
program also includes the placement of Series B shares with a fair value of Rp178
billion and Rp174 billion, which is 1.56% and 1.61% of total assets of the
respective program on March 31, 2016 and December 31, 2015.</font></p>

<p style="background:white;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="background:white;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;">Expected return is
determined based on market expectations for the return of the entire term
liabilities by considering the portfolio mix of plan assets. The actual yield
on plan assets was Rp701 billion and Rp147 billion respectively for the three
month period ended March 31, 2016 and for the year ended December 31, 2015.</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=EN-US style="font-size:11.0pt;">&nbsp;</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=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
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  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">90</font></p>

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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">30.</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS (continued)</font></b></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:4.5pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160; Post-employment
health care benefits provisions (continued)</font></b></p>

<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>

<p style="margin-bottom:.0001pt;margin-left:36.35pt;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;">Movements of the
provision for projected post-employment health care benefits expense for the
three month period ended March 31, 2016 and for the year ended December 31,
2015:</font></p>

<p style="margin-bottom:.0001pt;margin-left:36.35pt;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;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=57% 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 lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">March 31, 2016</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;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">December 31, 2015</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=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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 style="font-size:10.0pt;line-height:normal;">Changes in projected pension benefit obligation</font></b></p>
  </td>
 <td valign=bottom width=21% 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 lang=IN style="font-size:10.0pt;line-height:normal;">&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 lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% 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 lang=IN style="font-size:10.0pt;line-height:normal;">&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 lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;line-height:normal;">Defined benefits liability at beginning of
  year</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">118</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;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">441</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;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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 lang=IN style="font-size:10.0pt;line-height:normal;">Net periodic pension cost</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">46</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;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">217</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;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;line-height:normal;">Actuarial (losses) gain recognized in OCI</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">496</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;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">(1.187</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;line-height:normal;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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 lang=IN style="font-size:10.0pt;line-height:normal;">Return on plan assets (after
  deducting the value which is included in net interest expense)</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">(496</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;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">647</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;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;line-height:normal;">Projected pension benefit obligations at
  end of year</font></b></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">164</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;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;line-height:normal;">118</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=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<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=EN-US style="font-size:10.0pt;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;line-height:normal;">Components of other
post-retirement benefits expense for the three month period ended March 31,
2016 and 2015 are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:44.55pt;margin-right:0pt;margin-top:0in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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; &nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#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:.25in;width:96.52%;">
 <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 lang=IN 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 lang=IN style="font-size:10.0pt;">March
  31, 2016</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 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 lang=IN style="font-size:10.0pt;">December
  31, 2015</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 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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN 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;">2</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=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;">12</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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Plan administration cost</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;">41</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=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;">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>
 </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 lang=IN style="font-size:10.0pt;">Net interest cost</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;">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 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;">9</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=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 benefit cost</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">46</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 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">61</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 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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Amount charged to subsidiaries under contractual agreement</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=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=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=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=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 post-employment health care</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> benefits cost less cost to subsidiaries</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;">46</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 lang=IN style="font-size:10.0pt;">&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 lang=IN style="font-size:10.0pt;">61</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<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=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.2in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">The amounts
recognized in other comprehensive income are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:44.55pt;margin-right:0pt;margin-top:0in;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:96.52%;">
 <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 lang=IN 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 lang=IN style="font-size:10.0pt;">March
  31, 2016</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></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 lang=IN style="font-size:10.0pt;">December
  31, 2015</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=IN 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:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Actuarial (losses) gain recognized </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">at beginning of year</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;">496</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">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: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;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Return on plan assets (after deducting the
  value which is included in net
  interest expense)</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;">(496</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 lang=IN style="font-size:10.0pt;">(237</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>
 </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 lang=IN 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;">-</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;">-</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:12.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">91</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">30.</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS (continued)</font></b></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:4.5pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160; Post-employment
health care benefits provisions (continued)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top: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-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
actuarial valuation for the post-retirement health care benefits was performed
based on the measurement date of December 31, 2015 and 2014 on each report
dated February 25, 2016 and February 24, 2015 by TWP, an independent actuary in
association with WTW. The basic assumptions used by the independent actuary as
of December 31, 2015 and 2014 are as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN 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:93.06%;">
 <tr>
  <td valign=bottom width=57% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">December 31, 2015</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">December 31 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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;">9.25%</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=bottom width=21% 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;">8.5</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">%&nbsp;</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=bottom width=57% 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;">The growth rate for health care
  costs next year</font></p>
  </td>
 <td valign=bottom width=21% 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;">7.00%</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=bottom width=21% 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;">7.</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">00</font><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 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=bottom width=57% style="background:#c6d9f1;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;">Health care costs trend rate</font></p>
  </td>
 <td valign=bottom width=21% 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;">7.00%</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=bottom width=21% 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;">7.00%</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=bottom width=57% 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;">Year health care costs trend rate</font></p>
  </td>
 <td valign=bottom width=21% 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;">2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;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;">Mortality table in Indonesia</font></p>
  </td>
 <td valign=bottom width=21% 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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<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>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:14.15pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">Time
benefit payment forecasts for 2015 are as follows (in millions of Rupiah)</font></p>

<p style="margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=48% 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=IN style="font-size:10.0pt;">Time periods</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=50% 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;">Post-employment health care
  provisions</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=48% style="background:#c6d9f1;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;">Within next 10 years</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=bottom width=50% 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;">5,145</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=bottom width=48% 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;">Within 10-20 years</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=bottom width=50% 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;">6,738</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=bottom width=48% style="background:#c6d9f1;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;">Within 20-30 years</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=bottom width=50% 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;">6,609</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=bottom width=48% 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;">Within 30-40 years</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=bottom width=50% 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;">4,939</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=bottom width=48% style="background:#c6d9f1;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;">Within 40-50 years</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=bottom width=50% 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;">2,228</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=bottom width=48% 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;">Within 50-60 years</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=bottom width=50% 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;">211</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=bottom width=48% style="background:#c6d9f1;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;">Within 60-70 years</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=bottom width=50% 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</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=bottom width=48% 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;">Within 70-80 years</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=bottom width=50% 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</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>
</table></div>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-right:3.95pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:21.3pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-21.3pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:18.2pt;text-align:justify;text-indent:17.8pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1% change in discount
rate and rate of salary would have effect on DBO, as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.2pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=top width=35% 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=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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=31% 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;">Discount Rate</font></b></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 lang=DE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 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;margin-left:30.0pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rate of Compensation</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 lang=DE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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;">Sensitivity</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 lang=DE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">%&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Increase</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;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;margin-left:7.0pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">%&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Decrease</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 lang=DE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:14.0pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">%&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Increase</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;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;margin-left:8.0pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">%&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Decrease</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 lang=DE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% 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=IN style="font-size:10.0pt;">&nbsp;</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=31% 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;">Net of Increase (Decrease)</font></b></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 lang=DE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 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;margin-left:27.0pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Net of Increase (Decrease)</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 lang=DE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#c6d9f1;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;">P</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">ost-employment benefits</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=DE style="font-size:10.0pt;">&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=DE style="font-size:10.0pt;">(1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,312</font><font color=windowtext face=arial,sans-serif lang=DE style="font-size:10.0pt;">)&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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=DE style="font-size:10.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,596&nbsp;</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=DE style="font-size:10.0pt;">&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=DE style="font-size:10.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,739&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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=DE style="font-size:10.0pt;">(1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,444&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 lang=DE style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=DE 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=DE 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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">92</font></p>

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<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:1.0pt;">&nbsp;</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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.&#160; Other
post-employment benefits provisions </font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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 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 color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Biaya
Fasilitas Perumahan Terakhir</font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8221; or &#8220;BFPT&#8221;) and home passage leave (&#8220;</font><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Biaya
Perjalanan Pensiun dan Purnabhakti</font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8221; or &#8220;BPP&#8221;). </font></p>

<p style="background:white;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="background:white;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 changes of the
projected other post-employment benefit obligations </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for the three months period ended
March 31, 2015 and for the year ended December 31, </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 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">are as follows:
</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=57% 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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">March 31, 2016</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">December 31,
  2015</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=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Changes in projected other post-employment
  benefits provision</font></b></p>
  </td>
 <td valign=bottom width=21% 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:9.0pt;">&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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">&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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.0pt;">Unfunded
  projected benefit obligations at beginning of year</font></p>
  </td>
 <td valign=bottom width=21% 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;">497</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">488</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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 lang=IN style="font-size:9.0pt;">Service
  costs</font></p>
  </td>
 <td valign=bottom width=21% 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;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">8</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.0pt;">Net
  interest cost</font></p>
  </td>
 <td valign=bottom width=21% 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;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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 lang=IN style="font-size:9.0pt;">Actuarial
  losses recognized in OCI</font></p>
  </td>
 <td valign=bottom width=21% 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;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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:9.0pt;">Benefits
  paid by employer</font></p>
  </td>
 <td valign=bottom width=21% 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;">(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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=21% 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;">(49</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:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Provision
  for other post-employment benefits</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">497</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">497</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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 the p</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">rojected&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> other post-employment benefit cost for
the three months period ended March 31, 2016 and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2015 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">are as follows: </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=57% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=21% 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;">March 31, 2016</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">March 31, 2015</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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#c6d9f1;padding:0in 0in 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=21% 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</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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=21% 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</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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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 interest cost</font></p>
  </td>
 <td valign=bottom width=21% 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;">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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=21% 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;">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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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=bottom width=21% 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;">12</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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=21% 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;">12</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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
</table></div>

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

<p style="background:white;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;">Amounts recognized in OCI
amounted to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">RpNil
billion as of March 31</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;">2016
and 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:0pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The principal actuarial
assumptions used by the independent actuary based on the measurement date as of
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 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;">,
are as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;margin-right:0pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=57% 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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% 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;">December 31, 2015</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">December 31, 2014</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Discount rate</font></p>
  </td>
 <td valign=bottom width=21% 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;">9.00%</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">8.50%</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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% 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;">Indonesian mortality table</font></p>
  </td>
 <td valign=bottom width=21% 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;">2011</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;">2011</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; d.&#160;&#160; Obligation under the Labor
Law provisions</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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 Law No. 13 Year
2003, the Group is required to provide minimum pension benefits, if not covered
yet by the sponsored pension plans, to its employees upon retirement age. The
total related obligation recognized </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for the three months period ended March 31, 2016 and for
the year ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">December
31, 2015 amounted to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">265&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">253&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion, respectively. The related employee benefits
cost charged to expense amounted to Rp12 billion for </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">as of March</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 31, 2016 and 2015, respectively</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (Note 16c)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="background:white;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>





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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">93</font></p>

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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">30</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; PENSION
AND OTHER POST-EMPLOYMENT BENEFITS (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; e.&#160;&#160; </font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Maturity Profile of Defined Benefit Obligation (&#8220;DBO&#8221;)</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:14.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.6pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Weighted </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">a</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">verage duration of DBO for the Company and
Telkomsel are </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">10.43&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> years and </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">11.86&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">
years, respectively. The timing of benefits
payments for 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> is as follows (in millions of </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=X-NONE style="font-size:10.0pt;">upiah):&nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=27% 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=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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=72% 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;">Expected
  Benefits Payment</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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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=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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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;">Company</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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: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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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:8.0pt;">&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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Time
  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=17% 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;">Funded</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=17% 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;">Unfunded</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=17% 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;">Telkomsel</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=18% 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
  post-employment benefits</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Within
  next 10 years</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=17% 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;">14,306</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;">3,164</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;">1,166</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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;">601</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Within
  10-20 years</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=17% 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;">19,912</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;">23</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">6&nbsp;</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;">5,183</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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;">148</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Within
  20-30 years</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=17% 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;">17,377</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;">15</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;">5,275</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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;">47</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Within
  30-40 years</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=17% 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;">11,453</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;">730</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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;">4</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Within
  40-50 years</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=17% 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;">26,115</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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=right style="margin-bottom:0in;margin-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=17% 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=right style="margin-bottom:0in;margin-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=18% 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=right style="margin-bottom:0in;margin-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>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Within
  50-60 years</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=17% 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;">301</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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=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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Within
  60-70 years</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=17% 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;">13</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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=right style="margin-bottom:0in;margin-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=17% 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=right style="margin-bottom:0in;margin-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=18% 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=right style="margin-bottom:0in;margin-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>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Within
  70-80 years</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=17% 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</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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=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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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;">f.</font></b><b><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Sensitivity
Analysis</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:18.2pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:18.2pt;text-align:justify;text-indent:17.8pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1% change in discount
rate and rate of salary would have effect on DBO, as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:18.2pt;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:.5in;width:93.06%;">
 <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: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=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:10.0pt;">Discount Rate</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 lang=IN style="font-size:10.0pt;">&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:10.0pt;">Rate of Compensation</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Sensitivity</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">1% Increase</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;">1% Decrease</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">1% Increase</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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:10.0pt;">1% Decrease</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Funded</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=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:10.0pt;">(1,315</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=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:10.0pt;">1,636</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">398</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=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:10.0pt;">(356</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>
 </tr>
<tr>
  <td valign=bottom width=27% 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;">Unfunded</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=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:10.0pt;">(73</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=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:10.0pt;">78</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">72</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=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: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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</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;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Other post-employment benefits</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">(16</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=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: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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-</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=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: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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The sensitivity analyses have been
determined based on a method that extrapolates the impact on DBO as a result of
reasonable changes in key assumptions occurring at the end of the reporting
period.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:36.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The sensitivity results above
determine the individual impact on the Plan&#8217;s end of the year DBO. In reality,
the Plan is subject to multiple external experience items which may move the
DBO in similar or opposite directions, and the Plan&#8217;s sensitivity to such changes
can vary over time. </font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:36.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">There are no changes in the methods
and assumptions used in preparing the sensitivity analyses from the previous
period.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; LONG SERVICE AWARDS (&#8220;LSA&#8221;)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;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="background:white;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;">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 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;">t the requisite number of years of
service and with a certain minimum age.</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;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;">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 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;">493&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp501 billion as of March 31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">. The related benefit costs charged to
expense amounted 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;">27&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">22&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;">as
of March 31, 2016 and 2015,
respectively</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> (Note 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</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:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</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="Times New Roman" lang=EN-US style="font-size:11.0pt;">&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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">94</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; RELATED PARTY TRANSACTIONS</font></b></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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:</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN 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:93.06%;">
 <tr>
  <td valign=bottom width=30% 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:8.0pt;">Related parties</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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=25% 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;"> 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=42% 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=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 lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><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=25% 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% 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, other telecommunication service revenue, finance income, finance </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">costs</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">, </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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;"><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 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=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% 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 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=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=42% 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, other telecommunication services
  revenue, operating expenses, purchase of property and equipment,
  construction and installation 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, investment in financial instruments, insurance for property and equipment, insurance for employees, electricity expenses and cost of SIM</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> cards</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;">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=25% 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=42% 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 lease revenue, satellite transponder usage revenue, interconnection expenses, telecommunication facilities usage expenses, operating and maintenance expenses, usage of data
  communication network system expenses</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=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;"><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=25% 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=42% 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;">
  leased lines expenses, and usage of communication network system </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">expenses&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=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 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=25% 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=42% 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 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=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Perusahaan Listrik Negara (&#8220;PLN&#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=25% 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=42% 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;">Electricity expenses</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</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;">investment in financial instrument.</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=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;">PT Pertamina (Persero) (&#8220;Pertamina&#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=25% 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=42% 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, other telecommunication service revenue</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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Kereta Api Indonesia (&#8220;KAI&#8221;)</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=25% 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: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=42% 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, other telecommunication service revenue</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=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;">PT Pegadaian</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=25% 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: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=42% 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, other telecommunication service revenue</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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Garuda Indonesia</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=25% 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: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=42% 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, other telecommunication service revenue</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=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;">PT Indonesia Comnet Plus (&#8220;ICON Plus&#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;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% 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: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=42% 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, other telecommunication service revenue</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;">interconnection revenue</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=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;">Badan Penyelenggara Jaminan Sosial (&#8220;BPJS&#8221;)</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=25% 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: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=42% 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;"> other
  telecommunication service revenue</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=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;">PT Asuransi Jasa Indonesia (&#8220;Jasindo&#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;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% 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: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=42% 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;">Satellite </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">insurance expense</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;">vehicle insurance</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Adhi Karya Tbk (&#8220;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Adhi Karya</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8221;)&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=25% 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=42% 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 materials and construction 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=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;">PT Waskita Karya Tbk (&#8220;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Waskita</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8221;)&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=25% 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=42% 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 materials and construction services</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=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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">INTI</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=25% 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: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=42% 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>
<tr>
  <td valign=top 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 lang=IN style="font-size:8.0pt;">LEN</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=25% 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=42% 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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">State-owned banks</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=25% 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=42% 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;">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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;">BNI</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=25% 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=42% 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;">&nbsp;</font></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">95</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:9.0pt;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:10.0pt;">3</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">.&#160;&#160;&#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:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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:5.0pt;line-height:normal;">&nbsp;</font></p>

<p align=left style="background:white;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 align=left style="background:white;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 style="background:white;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:1.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=30% 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:8.0pt;">Related parties</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=25% 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;"> 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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=43% 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=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=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;">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=25% 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=43% 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;"><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=25% 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=43% 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;">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=25% 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=43% 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;"><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=25% 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=43% 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;">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=25% 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 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=43% 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;"><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=25% 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=43% 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=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 lang=IN style="font-size:8.0pt;">CSM</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=25% 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;">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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=43% 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;">Satelite transponder usage revenue, network
  revenue and transmission lease expenses</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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Poin Multi Media Nusantara (&#8220;POIN&#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=25% 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;">Entitas asosiasi</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=43% 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;">Purchases of handset</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=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 lang=IN style="font-size:8.0pt;">Yakes</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=25% 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;">Entity under significant influence</font></p>
  </td>
 <td valign=top width=1% 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=43% 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;">Medical expense</font></p>
  </td>
 <td valign=top width=1% 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Koperasi Pegawai Telkom (&#8220;Kopegtel&#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=25% 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;">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=43% 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;">Purchase of property and equipment development and instalation, lease of building Expenses, lease of vehicles, purchase of cars, and purchase of materials and construction service, maintenance and cleaning service expenses, and sahring profit of PBH</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=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;">PT Sandhy Putra Makmur (&#8220;SPM&#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=25% 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 significant influence</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=43% 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 buildings, leases of vehicles, purchase of
  materials and construction services, maintenance and cleaning service expenses</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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Koperasi Pegawai Telkomsel (&#8220;Kisel)</font></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=25% 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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=43% 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, other</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">
  telecommunication service revenue, leases of vehicles, printing and
  distribution of customer bills expenses, collection fee, and other services
  fee, </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">distribution&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> of SIM cards and pulse reload voucher,
  </font><font color=windowtext face=Arial,sans-serif lang=IN 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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;">PT Graha Informatika Nusantara (&#8220;Gratika&#8221;)</font></p>
  </td>
 <td valign=top width=1% 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% 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 significant influence</font></p>
  </td>
 <td valign=top width=1% 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=43% 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, installation expense,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">
  maintenance expense, and 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=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;">PT Pembangunan Telekomunikasi Indonesia (&#8220;Bangtelindo&#8221;)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% 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 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=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=43% 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;">Purchase of property and equipment</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top 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;">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=25% 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=43% 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>
  </td>
 </tr>
</table></div>

<p style="background:white;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:8.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:13.15pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.5pt;line-height:115%;">*) </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;line-height:115%;">On September 18, 2014,
PINs acquire 25% ownership of Tiphone (Note 8). POINT is a subsidiary of
Tiphone</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:5.0pt;line-height:115%;">&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;">Total balance of accounts receivable
and accounts payable at the end of the year free of interest and its completion
would occur in the form of cash. There are no guarantees provided or received
for any accounts receivable and payable with related parties. In 2015, the
Group recorded an impairment of receivables from related parties amounted to
Rp280 billion. This assessment is conducted every year to assess the present
status of existing receivables and historical collection of accounts receivable
ago.</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=EN-US style="font-size:8.0pt;">&nbsp;</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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">96</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; RELATED PARTY TRANSACTIONS (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">Transactions with
related parties</font></b></p>

<p style="background:white;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 align=left style="background:white;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;">The
following are significant transactions with related parties:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><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:.5in;width:93.06%;">
 <tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=37% 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:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&nbsp;</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;"><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:.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:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&nbsp;</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top: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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top: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:7.0pt;">% of total revenues</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top: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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top: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:7.0pt;">% oftotal revenues</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">REVENUES</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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=IN style="font-size:7.0pt;">Majority Stockholder</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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:7.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">32</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.12</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">54</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">23&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">Entities under common control</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;text-decoration:none;">&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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=SV style="font-size:7.0pt;">Indosat</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">269</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.98</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">237</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">1</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">00&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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=SV style="font-size:7.0pt;">BRI</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">48</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.17</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">42</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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=SV style="font-size:7.0pt;">Bank Mandiri</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">47</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.17</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">40</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">17&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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=SV style="font-size:7.0pt;">BNI</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.14</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">25</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">11&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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=SV style="font-size:7.0pt;">Lintasarta</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">28</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.10</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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=SV style="font-size:7.0pt;">21</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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=SV style="font-size:7.0pt;">0.09</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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=SV style="font-size:7.0pt;">PT Garuda Indonesia</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">26</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.09</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">17</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.07</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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=SV style="font-size:7.0pt;">KAI</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">26</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.09</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">37</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.16</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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:7.0pt;">BTN</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">25</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.09</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">3</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">01&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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=SV style="font-size:7.0pt;">Pertamina</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.09</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">27</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.11</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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=SV style="font-size:7.0pt;">PT Pegadaian</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">18</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.07</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">4</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.02</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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:7.0pt;">ICON Plus</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">13</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.05</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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:7.0pt;">BSM</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">7</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.03</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">7</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">03&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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:7.0pt;">PLN</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">4</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.01</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">11</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.05</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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:7.0pt;">BRI Syariah</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">1</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">0.00</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">1</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">00&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">606</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">2.08</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">526</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">2</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">23&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">Entities under significant
  influence</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;text-decoration:none;">&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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=SV style="font-size:7.0pt;">Kisel</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">1,094</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">3.97</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">788</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">3</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">34&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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=SV style="font-size:7.0pt;">Gratika</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">114</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">0.41</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">92</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">39&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">1,208</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">4.38</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">880</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">3.73</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">Associated compan</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">ies&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="background:#c6d9f1;height:.1in;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:7.0pt;">Indonusa</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">29</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.11</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">14</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.06</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% style="height:.1in;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:7.0pt;">CSM</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">9</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">0.03</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;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:7.0pt;">0.04</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">0.14</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;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:7.0pt;">0.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">10&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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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:7.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">83</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.28</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">154</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">1.14</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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=27% 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;"><b><font color=windowtext face=Arial,sans-serif lang=FI style="font-size:7.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;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 lang=IN style="font-size:7.0pt;">1,935</font></b></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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;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 lang=IN style="font-size:7.0pt;">7.00</font></b></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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;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:7.0pt;">1,584</font></b></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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;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 lang=IN style="font-size:7.0pt;">7.20</font></b></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 style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="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:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=27% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">Amount</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:7.0pt;text-decoration:none;">&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-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 expenses</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:7.0pt;text-decoration:none;">&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-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;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">% of total expenses</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">EXPENSES</font></b></p>
  </td>
 <td valign=top width=18% 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;"><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;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=18% 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;"><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;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;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;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;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;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>
  <td valign=top width=27% 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=IN style="font-size:7.0pt;">Entities under common
  control</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;text-decoration:none;">&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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">Indosat</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">238</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">1.38</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">259</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">1</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">58&nbsp;</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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 lang=IN style="font-size:7.0pt;">PLN</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">149</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">0.86</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">184</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">1.13</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">Jasindo</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">62</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">0.36</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">69</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0.42</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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 lang=IN style="font-size:7.0pt;">BPJS</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">13</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">0.08</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">-</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0.00</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">PT Pos Indonesia</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">12</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">0.07</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">31</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0.19</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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 lang=IN style="font-size:7.0pt;">SJU</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">4</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">0.02</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">3</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0.02</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">PT Inti</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">3</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">0.02</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">1</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0.01</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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 lang=IN style="font-size:7.0pt;">SPM</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">-</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;text-decoration:none;">&nbsp;</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 lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">-</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0.00</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">481</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">2.79</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">5</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">47&nbsp;</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">3.32</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">Entities under significant
  influence</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;text-decoration:none;">&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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">Kisel</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">180</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">1.04</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">193</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">1,18</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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 lang=IN style="font-size:7.0pt;">Kopegtel</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">115</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">0.67</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">89</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0,54</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">Yakes</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">41</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">0.24</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">42</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0,26</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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 lang=IN style="font-size:7.0pt;">PSN</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">-</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">-</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">58</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0,35</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">SPM</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">-</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">-</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">1</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">0,01</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">336</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">1.95</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">383</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% 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:7.0pt;">2.34</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:7.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:19.0pt;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-decoration:none;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:19.0pt;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-decoration:none;">&nbsp;</font></p>





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



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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">97</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; RELATED PARTY TRANSACTIONS (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">Transactions with
related parties</font></b></p>

<p style="background:white;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 align=left style="background:white;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;">The
following are significant transactions with related parties:</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160; </font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=27% 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=3 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:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=3 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 style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">Amount</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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-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 expenses</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">% of total expenses</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Associated compan</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">ies&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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=IN style="font-size:7.0pt;">Indonusa</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">74</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.43</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">CSM</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">13</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0,08</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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=IN style="font-size:7.0pt;">Sub-total</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-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;">74</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.43</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">13</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.08</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">8</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.05</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">3</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0,02</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">889</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">5.22</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">946</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">5.79</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;line-height:70%;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=27% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">Amount</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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-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</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:7.0pt;">&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-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;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=bottom width=17% 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:7.0pt;">% of total</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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;">FINANCE INCOME</font></b></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Entity under common control</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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:7.0pt;">State-owned banks</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">230</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">46.09</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">182</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">56.91</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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=SV style="font-size:7.0pt;">Others</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-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=bottom 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:7.0pt;">&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-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;">0.20</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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-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=bottom 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:7.0pt;">&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-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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>
  <td valign=bottom width=27% 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 lang=IN style="font-size:7.0pt;">Total</font></b></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-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;">231</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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-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;">46.29</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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-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;">182</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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-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;">56.91</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=27% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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-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 finance costs</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">% of total finance costs</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">FINANCE COSTS</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Majority stockholder</font></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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 style="font-size:7.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">17</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">2.21</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">20</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">4.57</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Entity under common control</font></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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 style="font-size:7.0pt;">State-owned banks</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">312</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">40.52</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">233</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">53.18</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">329</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">42.73</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">253</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">57.75</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=27% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5&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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">Amount</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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-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 purchases</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">% of total purchases</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">PURCHASES OF PROPERTY
  AND EQUIPMENTS (Note 9)</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Entity under common control</font></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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 style="font-size:7.0pt;">INTI</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">4</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.07</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">6</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.14</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">LEN</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-bottom:0in;margin-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=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">1</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.02</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">4</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.07</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">7</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.16</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Entities under significant
  influence</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-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:7.0pt;">Bangtelindo</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">23</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.40</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Kopegtel</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">20</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.35</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">13</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.31</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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 style="font-size:7.0pt;">SPM</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">19</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.33</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Gratika</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">15</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.26</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">28</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.66</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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 style="font-size:7.0pt;">Kisel</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">6</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">0.10</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Sub-total</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-bottom:0in;margin-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;">87</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">1.51</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">41</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.97</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">1</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.02</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% 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:7.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">87</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">1.51</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">49</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">1.15</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:35.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:14.0pt;">&nbsp;</font></sup></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; RELATED PARTY TRANSACTIONS (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;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="background:white;margin-bottom:0in;margin-left:35.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></sup></p>

<p align=left style="background:white;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="background:white;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:7.0pt;">&#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:96.38%;">
 <tr>
  <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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 lang=IN style="font-size:7.0pt;">March 31, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=3 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:7.0pt;">December 31, 2015</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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">&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:7.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">% of total assets</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">% of total assets</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">a.</font></b></p>
  </td>
 <td valign=bottom width=31% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Cash and cash
  equivalents (Note 3)</font></b></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:7.0pt;">17,366</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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-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;">9.81</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">15,02</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">8&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">9.04</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">b.</font></b></p>
  </td>
 <td valign=bottom width=31% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Other current financial
  assets (Note 4)</font></b></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">2,472</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">1.40</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">2,5</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">00&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">1.5</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0&nbsp;</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">c.</font></b></p>
  </td>
 <td valign=bottom width=31% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Trade receivables - net
  (Note 5)</font></b></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:7.0pt;">1,353</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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-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;">0.76</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">1,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">104&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.66</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">d.</font></b></p>
  </td>
 <td valign=bottom width=31% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Advances and prepaid
  expenses (Note 7)</font></b></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">24</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.01</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">15</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">0.01</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">e.</font></b></p>
  </td>
 <td valign=bottom width=31% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Advances and other
  non-current assets (Note 10)</font></b></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:7.0pt;">9</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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-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;">0.00</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">6</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.0</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0&nbsp;</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:14.0pt;line-height:70%;">&nbsp;</font></sup></p>

<p style="background:white;margin-bottom:0in;margin-left:35.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.38%;">
 <tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 lang=IN style="font-size:7.0pt;">March 31, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6&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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td colspan=3 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:7.0pt;">December 31, 2015</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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">&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:7.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">% of total liabilities</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">% of total liabilities</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">f.</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Trade payables (Note 1</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">)&nbsp;</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Entities under common control</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">INTI</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:7.0pt;">443</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.58</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">443</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.61</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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 lang=IN style="font-size:7.0pt;">Indosat</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:7.0pt;">384</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.50</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">160</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.22</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">State-owned
  enterprises</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">101</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.13</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">98</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">0.13</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Sub-total</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:7.0pt;">928</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">1.21</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">701</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.96</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Entities under significant
  influence</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Kopegtel</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:7.0pt;">47</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.06</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">97</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.13</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Yakes</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:7.0pt;">25</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.03</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">19</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.03</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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 lang=IN style="font-size:7.0pt;">Bangtelindo</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:7.0pt;">21</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.03</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">19</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.03</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">SPM</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">4</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.01</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">16</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">0.02</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Sub-total</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:7.0pt;">97</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.13</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">151</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.21</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">478</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.62</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">1,223</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">1.68</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">1,503</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">1.96</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">2,075</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">2.85</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">g.</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Accrued expenses (Note 13)</font></b></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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=1% 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Majority stockholder</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=DA style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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 style="font-size:7.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">23</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.03</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">16</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">0.02</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=DA style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Entit</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">ies&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> under common
  control</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">State-owned
  enterprises</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:7.0pt;">94</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.12</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">114</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.16</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">State-owned banks</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:7.0pt;">50</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.07</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">68</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.09</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Subt</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">otal&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">144</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.19</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">182</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">0.25</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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=IN style="font-size:7.0pt;">Entity under
  significant influence</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Kisel</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">182</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.24</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">188</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">0.26</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">349</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.46</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">386</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">0.53</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">h.</font></b></p>
  </td>
 <td valign=bottom width=31% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Advances from customers
  and suppliers</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><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;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>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=DA style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Majority stockholder</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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 style="font-size:7.0pt;">Government</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">23</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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-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;">0.03</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">19</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.03</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">i.</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Short-term bank loans (Note
  15)</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&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:7.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Entities under common control</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">BRI</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:7.0pt;">57</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.07</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">57</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.08</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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 style="font-size:7.0pt;">BNI</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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">25</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.03</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">B</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">ank </font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">S</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">yariah </font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">M</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">andiri (&#8220;BSM&#8221;)</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:7.0pt;">14</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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:7.0pt;">0.02</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">15</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.02</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Total</font></b></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:7.0pt;">71</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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-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;">0.09</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">97</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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:7.0pt;">0.13</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:35.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></sup></p>

<p style="background:white;margin-bottom:0in;margin-left:35.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:9.0pt;">&nbsp;</font></sup></p>

<p style="background:white;margin-bottom:0in;margin-left:35.0pt;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:9.0pt;">&nbsp;</font></b></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">99</font></p>

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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; RELATED PARTY TRANSACTIONS (continued)</font></b></p>

<p style="background:white;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="background:white;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="background:white;margin-bottom:0in;margin-left:35.0pt;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:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.38%;">
 <tr>
  <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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=34% 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:7.0pt;">March 31, </font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=33% 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:7.0pt;">December 31, 2015</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><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;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: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;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:7.0pt;">% of total
  liabilities</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><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;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: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;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:7.0pt;">% of total
  liabilities</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">j.</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Two-step loans (Note
  1</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><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;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="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:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Majority
  stockholder</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Government</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1,499</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</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:7.0pt;">1.95</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1,520</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2.09</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:7.0pt;">k.</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Long-term bank loans
  - net (Note 2</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Entities
  under common control</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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 lang=DA style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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=DA style="font-size:7.0pt;">BNI</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 lang=IN style="font-size:7.0pt;">5,680</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">7.41</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=DA style="font-size:7.0pt;">5,592</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=DA style="font-size:7.0pt;">7.69</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <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 lang=DA style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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=DA style="font-size:7.0pt;">BRI</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:7.0pt;">3,107</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">4.05</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DA style="font-size:7.0pt;">2,633</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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=DA style="font-size:7.0pt;">3.62</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <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=DA style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% 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=DA style="font-size:7.0pt;">Bank
  Mandiri</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,572</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;"><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;padding: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:7.0pt;">3.35</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;"><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;padding: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:7.0pt;">2,564</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;"><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;padding: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:7.0pt;">3.52</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <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;"><b><font color=windowtext face=arial,sans-serif lang=DA style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=31% 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:7.0pt;">Total</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">11,359</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</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:7.0pt;">14.81</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=DA style="font-size:7.0pt;">10,789</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=DA style="font-size:7.0pt;">14.83</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;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; Significant
agreements with related parties</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">i.&#160;&#160; The
Government</font></p>

<p style="background:white;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:6.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160; The
Company obtained two-step loans from the Government (Note 1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6a</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">).&nbsp;</font></p>

<p style="background:white;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:6.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160; The
Company has an agreement with Indosat to provide international
telecommunications services to the public.</font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160; 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="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160; 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&nbsp;&#8220;007&#8221;.</font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160; 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 has received 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="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:50.0pt;text-align:justify;text-indent:-14.55pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160; 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. These
amendments took effect starting on January 1, 2007. </font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160; 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="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160; 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>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">100</font></p>

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</table></div>



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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV>
<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 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:8.0pt;">&nbsp;</font></i></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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; RELATED PARTY TRANSACTIONS (continued)</font></b></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;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; 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="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;">&#160;&#160;&#160;&#160; The
Company has entered into agreements with CSM and
Gratika for the utilization of the Company's satellite transponders or
frequency channels of communication satellite and leased lines.</font></p>

<p style="background:white;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="background:white;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;">Kisel</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;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 June 27, 2014,
the Company signed a Conditional Business Transfer Agreement with Telkomsel for
the transfer of its Flexi business to Telkomsel (Note 35c.ii)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;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; Key management
personnel remuneration</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Key management personnels
consist of the Boards of Commissioners and Directors of the Company and its
subsidiaries.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Group provides </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">remuneration in the form of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN 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:93.06%;">
 <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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=37% 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;">2016</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 lang=IN style="font-size:10.0pt;">2015</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 lang=IN style="font-size:10.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% 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;">Amount</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 lang=IN style="font-size:10.0pt;">&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:10.0pt;">% of total expenses</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 lang=IN style="font-size:10.0pt;">&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:10.0pt;">Amount</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% 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;">% of total expenses</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% style="background:#c6d9f1;padding:0in 0in 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;">Board of Directors</font></p>
  </td>
 <td valign=top 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:10.0pt;">146</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=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:10.0pt;">0.84%</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=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:10.0pt;">23</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=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:10.0pt;">0.14%</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=27% 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;">Board of Commissioners</font></p>
  </td>
 <td valign=top 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:10.0pt;">44</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=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:10.0pt;">0.25%</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=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:10.0pt;">9</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=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:10.0pt;">0.05%</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>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">OPERATING
SEGMENT</font></b></p>

<p style="background:white;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="background:white;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 Group has four main
operating segments, namely corporate</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, home, personal</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
and others. 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. The home segment provides fixed wireline
telecommunications services, pay TV, data and internet services to home
customers. The personal segment provides mobile
cellular and fixed wireless telecommunications services to individual
customers. Operating segments that are not monitored separately by the Chief
Operation Decision Maker are presented as &quot;Others&quot;, which provides
building management services.</font></p>

<p style="background:white;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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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;">No operating segments have been
aggregated to form the operating segments of personal, home and others, while
corporate operating segment is aggregated from business, enterprise, wholesale
and international operating segments since they have the similar economic
characteristics and similar in other qualitative criteria such as providing
similar network services and serving corporate customers.</font></p>

<p style="background:white;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:8.0pt;">&nbsp;</font></p>

<p style="background:white;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:10.0pt;">&#160;&#160;&#160;&#160;&#160; 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="background:white;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="background:white;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:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">However, the financing activities and income
taxes are not separately evaluated and allocated to operating segment.</font></p>





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<div style="">



<div align=left><table cellpadding=0 cellspacing=0 border=0>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">101</font></p>

  </td>
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</table></div>



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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_106"></a><a name="_bclPageBorder106"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">OPERATING
SEGMENT (continued)</font></b></p>

<p style="background:white;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:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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=IN style="font-size:10.0pt;">Segment revenues and expenses include transactions
between </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">operating </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">segments and are accounted at market prices.</font></p>

<p style="background:white;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:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=17% 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:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=13 valign=bottom width=83% 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:6.0pt;">2016</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:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">&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:6.0pt;">Corporate</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-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:6.0pt;">&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-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:6.0pt;">Home</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-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:6.0pt;">&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-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:6.0pt;">Personal</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-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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Others</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-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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Total </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">before </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">elimination&nbsp;</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-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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Elimination</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-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:6.0pt;">&nbsp;</font></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-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:6.0pt;">Total c</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">onsolidated&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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 lang=IN style="font-size:6.0pt;">Segment results</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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-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 lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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-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 lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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-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 lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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-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 lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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-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 lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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-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 lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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-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 lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">Revenues</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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">External revenues</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:6.0pt;">5,813</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:6.0pt;">&nbsp;</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:6.0pt;">2,098</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:6.0pt;">&nbsp;</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:6.0pt;">19,554</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:6.0pt;">&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:6.0pt;">77</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:6.0pt;">&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:6.0pt;">27,542</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:6.0pt;">&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:6.0pt;">-</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">27,542</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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=IN style="font-size:6.0pt;">Inter-segment revenues</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">3,358</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 lang=IN style="font-size:6.0pt;">&nbsp;</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 lang=IN style="font-size:6.0pt;">1,132</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 lang=IN style="font-size:6.0pt;">&nbsp;</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 lang=IN style="font-size:6.0pt;">654</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">426</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">5,570</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">(5,570</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">-</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">Total segment revenues</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:6.0pt;">9,171</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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">3,230</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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">20,208</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:6.0pt;">&nbsp;</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:6.0pt;">503</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:6.0pt;">&nbsp;</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:6.0pt;">33,112</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:6.0pt;">&nbsp;</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:6.0pt;">(5,570</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">27,542</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">Expenses</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">External expenses</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:6.0pt;">(7,381</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:6.0pt;">)</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 lang=IN style="font-size:6.0pt;">(2,288</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:6.0pt;">)</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 lang=IN style="font-size:6.0pt;">(7,864</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:6.0pt;">)</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:6.0pt;">(437</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:6.0pt;">)</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:6.0pt;">(17,970</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:6.0pt;">)</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:6.0pt;">-</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">(17,970</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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=IN style="font-size:6.0pt;">Inter-segment expenses</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">(1,656</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 lang=IN style="font-size:6.0pt;">)</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 lang=IN style="font-size:6.0pt;">(940</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 lang=IN style="font-size:6.0pt;">)</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 lang=IN style="font-size:6.0pt;">(2,940</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">(13</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">(5,549</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">5.549</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">-</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">Total segment expenses</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:6.0pt;">(9.037</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:6.0pt;">)</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:6.0pt;">(3.228</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:6.0pt;">)</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:6.0pt;">(10.804</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:6.0pt;">)</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:6.0pt;">(450</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:6.0pt;">)</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:6.0pt;">(23.519</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:6.0pt;">)</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:6.0pt;">(21</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">9.572</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">Segment results</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">134</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">2</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">9.404</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 lang=IN style="font-size:6.0pt;">&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">53</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 lang=IN style="font-size:6.0pt;">&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">9.593</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 lang=IN style="font-size:6.0pt;">&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(21</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">9.572</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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 lang=IN style="font-size:6.0pt;">Other information</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">Capital expenditures</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(1.912</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 lang=IN style="font-size:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(688</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 lang=IN style="font-size:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(3.035</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 lang=IN style="font-size:6.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(107</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 lang=IN style="font-size:6.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(5.742</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 lang=IN style="font-size:6.0pt;">)</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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(5.742</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(719</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:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(437</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:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(3,221</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(30</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(4,405</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;"><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-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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(4,405</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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:6.0pt;">Provision for impairment of receivables</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">321</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:6.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(71</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 lang=IN style="font-size:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(41</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 lang=IN style="font-size:6.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(2</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 lang=IN style="font-size:6.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">207</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:6.0pt;">&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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">207</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:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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=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:96.52%;">
 <tr>
  <td valign=bottom width=17% 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:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=13 valign=bottom width=83% 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:6.0pt;">2015</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:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=17% 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 lang=IN style="font-size:6.0pt;">&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:6.0pt;">Corporate</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 lang=IN style="font-size:6.0pt;">&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-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:6.0pt;">Home</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 lang=IN style="font-size:6.0pt;">&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-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:6.0pt;">Personal</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-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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Others</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-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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Total </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">before </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">elimination&nbsp;</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-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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Elimination</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-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:6.0pt;">&nbsp;</font></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-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:6.0pt;">Total c</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">onsolidated&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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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 lang=IN style="font-size:6.0pt;">Segment results</font></b></p>
  </td>
 <td valign=top width=10% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=10% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=10% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=10% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=15% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Revenues</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">External revenues</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:6.0pt;">5,214</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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:6.0pt;">1,826</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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:6.0pt;">16,514</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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:6.0pt;">62</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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:6.0pt;">23,616</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></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:6.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">23,616</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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=IN style="font-size:6.0pt;">Inter-segment revenues</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">2,957</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 lang=IN style="font-size:6.0pt;">&nbsp;</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 lang=IN style="font-size:6.0pt;">894</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 lang=IN style="font-size:6.0pt;">&nbsp;</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 lang=IN style="font-size:6.0pt;">708</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">423</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">4,982</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">(4,982</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Total segment revenues</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:6.0pt;">8,171</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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">2,720</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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">17,222</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:6.0pt;">&nbsp;</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:6.0pt;">485</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:6.0pt;">&nbsp;</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:6.0pt;">28,598</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:6.0pt;">&nbsp;</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:6.0pt;">(4,982</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">23,616</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Expenses</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=15% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">External expenses</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:6.0pt;">(4,150</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:6.0pt;">)</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 lang=IN style="font-size:6.0pt;">(1,209</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:6.0pt;">)</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 lang=IN style="font-size:6.0pt;">(10,376</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:6.0pt;">)</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:6.0pt;">(433</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:6.0pt;">)</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:6.0pt;">(16,168</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:6.0pt;">)</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:6.0pt;">-</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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">(16,168</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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=IN style="font-size:6.0pt;">Inter-segment expenses</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">(1,700</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 lang=IN style="font-size:6.0pt;">)</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 lang=IN style="font-size:6.0pt;">(998</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 lang=IN style="font-size:6.0pt;">)</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 lang=IN style="font-size:6.0pt;">(2,271</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">(13</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">(4,982</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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:6.0pt;">4,982</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">-</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Total segment expenses</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:6.0pt;">(5,850</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:6.0pt;">)</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:6.0pt;">(2,207</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:6.0pt;">)</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:6.0pt;">(12,647</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:6.0pt;">)</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:6.0pt;">(446</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:6.0pt;">)</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:6.0pt;">(21,150</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:6.0pt;">)</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:6.0pt;">4,982</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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=15% 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:6.0pt;">(16,168</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Segment results</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">2,321</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">513</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 lang=IN style="font-size:6.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">4,575</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 lang=IN style="font-size:6.0pt;">&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">39</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 lang=IN style="font-size:6.0pt;">&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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">7,448</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 lang=IN style="font-size:6.0pt;">&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;"><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-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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">7,448</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Capital expenditures</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(1,159</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:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(506</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:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(2,389</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(203</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(4,257</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;"><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-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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(4,257</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Depreciation and amortization</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(608</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 lang=IN style="font-size:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(382</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 lang=IN style="font-size:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(3,218</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 lang=IN style="font-size:6.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(18</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 lang=IN style="font-size:6.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(4,226</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 lang=IN style="font-size:6.0pt;">)</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;"><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-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:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(4,226</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Impairment of assets</font></p>
  </td>
 <td valign=bottom width=10% 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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(872</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(872</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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% 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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(872</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:6.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% 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:6.0pt;">Provision for impairment of receivables</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(6</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 lang=IN style="font-size:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(58</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 lang=IN style="font-size:6.0pt;">)</font></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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(77</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 lang=IN style="font-size:6.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(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 lang=IN style="font-size:6.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(142</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 lang=IN style="font-size:6.0pt;">)</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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">(142</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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><i><u><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Geographic information:</font></u></i></p>

<p style="background:white;margin-bottom:0in;margin-left:.5in;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:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=59% 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 lang=IN 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-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;">2016</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=20% 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;">2015</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>
<tr>
  <td valign=bottom width=59% 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;">External revenues</font></p>
  </td>
 <td valign=bottom width=20% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% 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=IN style="font-size:10.0pt;">Indonesia</font></p>
  </td>
 <td valign=bottom width=20% 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;">27,043</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=bottom width=20% 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;">23,155</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=bottom width=59% 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:10.0pt;">Foreign countries</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-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;">499</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=bottom width=20% 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;">461</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=bottom width=59% 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 lang=IN style="font-size:10.0pt;">Total</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-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;">27,542</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=bottom width=20% 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;">23,616</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="background:white;margin-bottom:0in;margin-left:17.85pt;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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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">102</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">OPERATING
SEGMENT (continued)</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:17.85pt;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:17.85pt;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;">The revenue information above is based on
the location of the customers.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:17.85pt;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:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=59% 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 lang=IN 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-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;">2016</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% 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;">2015</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% 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;">Non-current operating assets</font></p>
  </td>
 <td valign=bottom width=20% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% 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=1% 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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% 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=IN style="font-size:10.0pt;">Indonesia</font></p>
  </td>
 <td valign=bottom width=20% 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;">105,660</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% 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;">105,361</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% 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:10.0pt;">Foreign countries</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-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;">1,557</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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-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,</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">395&nbsp;</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% 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=bottom width=20% 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;">107,217</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% 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;">106,756</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:35.7pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.85pt;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;line-height:50%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup></p>

<p style="background:white;margin-bottom:0in;margin-left:17.85pt;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;">Non-current operating assets for this
purpose consist of property and equipment and intangible assets.</font></p>

<p style="background:white;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=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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=IN style="font-size:10.0pt;">34</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TELECOMMUNICATIONS SERVICE TARIFFS</font></b></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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="background:white;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:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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="background:white;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:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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 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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;margin-bottom:0in;margin-left:.5in;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;">&#160;&#160;&#160;&#160;&#160; 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="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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;text-autospace:ideograph-numeric ideograph-other;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; with
the following traffic structure:</font></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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 align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">103</font></p>

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</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">34</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; TELECOMMUNICATIONS
SERVICE TARIFFS (continued)</font></b></p>

<p align=left style="background:white;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>

<p style="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
Based on the letter, ITRB also approved the changes to the SMS interconnection
tariff to Rp24 per SMS.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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>

<p style="background:white;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="background:white;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="background:white;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;">&#160;&#160;&#160;&#160;&#160; 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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">35</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.
SIGNIFICANT COMMITMENTS AND AGREEMENTS</font></b></p>

<p style="background:white;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="background:white;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="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; As of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2015</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 data, internet and information technology, cellular, switching
equipment, transmission equipment and cable network are as follows:</font></p>

<p style="background:white;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:93.06%;">
 <tr>
  <td valign=bottom width=56% 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;">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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% 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=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=top width=56% style="background:#c6d9f1;padding:0in 0in 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=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=21% 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=21% 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;">8,257</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=56% 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=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=21% 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;">468</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=21% 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;">6,217</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=56% style="background:#c6d9f1;padding:0in 0in 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=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=21% 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;">0.21</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% 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;">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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=56% 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=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=21% 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=top width=1% 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=top width=21% 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;">14,477</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="background:white;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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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">104</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">35</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.
SIGNIFICANT COMMITMENTS AND AGREEMENTS (continued)</font></b></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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:.5in;width:93.06%;">
 <tr>
  <td valign=bottom width=27% 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;">Contracting parties</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=26% 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;">Initial date of
  agreement</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=45% 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;">Significant
  provisions of the agreement</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=27% 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:8.0pt;">The
  Company and JF DJAFA Consortium</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% 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:8.0pt;">November
  14, 2012</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=45% 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 lang=IN style="font-size:8.0pt;">Procurement
  and installation agreement</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> of Outside Plant Fiber To The Home (OSP FTTH)</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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;">The
  Company and ASN-PT Lintas Consortium</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=26% 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;">May
  6, 2013</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=45% 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;">Procurement
  and installation agreement of Sulawesi Maluku Papua Cable System (SMPCS)
  project</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>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT Cisco Technologies Indonesia</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% 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:8.0pt;">November
  14, 2013</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=45% 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 lang=IN style="font-size:8.0pt;">Procurement
  and installation agreement</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> of WIFI CISCO</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT NEC Indonesia</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=26% 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:8.0pt;">November
  29, 2013</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=45% 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:8.0pt;">Procurement
  and installation of IP Radio equipment</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> agreement</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> for Backhaul Node-B
  Telkomsel </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Package</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-3 Platform
  NEC</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>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT Ericsson Indonesia &#8211; PT Infracell Nusatama</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% 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:8.0pt;">December
  23, 2013</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=45% 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 lang=IN style="font-size:8.0pt;">Procurement
  and installation agreement</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> of IP Radio Equipment agreement for Backhaul Node-B
  Telkomsel Package-1 Platform Ericcson</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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;">The
  Company and Thales Alenia Space France</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=26% 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;">July
  14, 2014</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=45% 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;">Procurement
  of Telkom-3 Substitution (T3S) Satellite System</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>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT Huawei Tech Investment</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% 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:8.0pt;">October
  23, 2014</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=45% 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 lang=IN style="font-size:8.0pt;">Procurement
  and installation agreement</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> of Access Point Indonesia WIFI Platform Huawei</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company, Telkom Malaysia Berhad, Telin, Alcatel-Lucent Submarine
  Networks and NEC Corporation</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=26% 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:8.0pt;">January
  30, 2015</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=45% 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:8.0pt;">Procurement
  and installation of Southeast Asia &#8211; Middle East &#8211; Western Europe 5 Cable
  System (SEA &#8211; ME - WE 5)</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>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT Huawei Tech Investment</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% 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:8.0pt;">August
  28, 2015</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=45% 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 lang=IN style="font-size:8.0pt;">Procurement
  and installation agreement</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> of MSAN modernization for acceleration of the disposal
  of copper wire &#8211; Platform Huawei</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% style="padding:0in 0in 0in 0in;">
  <p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">The Company and PT </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">ZTE
  Indonesia</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=26% 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:8.0pt;">August
  28, 2015</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=45% 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:8.0pt;">Procurement
  and installation agreement of MSAN modernization for acceleration of the
  disposal of copper wire - Platform ZTE</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>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT Lintas Teknologi Indonesia</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% 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:8.0pt;">November
  17, 2015</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=45% 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 lang=IN style="font-size:8.0pt;">Procurement
  and installation agreement</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> for DWDM Platform Alcatel &#8211; Lucent (ALU)</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">Datacomm Diangraha</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=26% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">November</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> 20,</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;"> 2015</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=45% 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:8.0pt;">Procurement
  and installation agreement for</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;"> Metro Ethernet Platform ALU</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>
 </tr>
<tr>
  <td valign=top width=27% 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 lang=IN style="font-size:8.0pt;">The
  Company and</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">
  PT Sisindokom Lintasbuana</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% 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:8.0pt;">November
  23, 2015</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=45% 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 lang=IN style="font-size:8.0pt;">Procurement
  and installation agreement</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> for PE-VPN CISCO</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">Mastersystem Infotama</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=26% style="padding:0in 0in 0in 0in;">
  <p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">December 3,</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> 2015</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=45% 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:8.0pt;">Procurement
  and installation agreement for </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">IP Backbone System expansion</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>
 </tr>
<tr>
  <td valign=top width=27% 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:8.0pt;">The
  Company and PT ZTE Indonesia</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% 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:8.0pt;">December
  21, 2015</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=45% 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 lang=IN style="font-size:8.0pt;">Procurement
  and installation agreement</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> for IPTV Platform ZTE capacity expansion</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<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;">&nbsp;</font></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;">&nbsp;</font></p>





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</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US 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:8.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">35</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.
SIGNIFICANT COMMITMENTS AND AGREEMENTS (continued)</font></b></p>

<p style="background:white;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="background:white;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="background:white;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="background:white;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="background:white;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:6.0pt;">&nbsp;</font></i></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.06%;">
 <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;">Contracting parties</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=24% 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;">Initial date of
  agreement</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=46% 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;">Significant
  provisions of the agreement</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 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 Sarana Global Indonesia</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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:8.0pt;">December
  31, 2015</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=46% 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:8.0pt;">Procurement
  and installation agreement of Sistem Komunikasi Kabel Laut (&#8220;SKKL&#8221;)
  Sibolga-Nias, Batam-Tanjung Balai Karimun, Larantuka-Kabalahi-Atambua</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: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 lang=IN style="font-size:8.0pt;">The
  Company and PT Industri Telekomunikasi Indonesia</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=24% 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:8.0pt;">December
  29, 2015</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=46% 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:8.0pt;">Renewal
  agreement of p</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">rocurement
  and installation agreement for the modernization of copper cable network
  through optimalization of asset copper cable network Trade In/Trade Off
  method</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>
 </tr>
<tr>
  <td valign=top width=28% 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:8.0pt;">The
  Company and PT Len Industri (Persero)</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% 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:8.0pt;">December
  29, 2015</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=46% 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:8.0pt;">Renewal
  agreement of procurement and installation agreement for the modernization of
  copper cable network through optimalization of asset copper cable network
  Trade In/Trade Off method</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: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 lang=IN style="font-size:8.0pt;">The
  Company and Space System/Loral, LLC</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=24% 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:8.0pt;">February
  29, 2016</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=46% 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:8.0pt;">Telkom&#8217;s
  agreement &#8211; 4 Satellite system</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>
 </tr>
</table></div>

<p style="background:white;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:7.0pt;">&nbsp;</font></i></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></i></p>

<p align=left style="background:white;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="background:white;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:.5in;width:93.06%;">
 <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=black face=arial,sans-serif style="font-size:8.0pt;">Contracting parties</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=black face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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=black face=arial,sans-serif style="font-size:8.0pt;">Initial
  date of agreement</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=46% 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=black face=arial,sans-serif style="font-size:8.0pt;">Significant
  provisions of the agreement</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></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=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel, PT Ericsson
  Indonesia, Ericsson AB, PT Nokia Siemens Networks, NSN Oy and Nokia Siemens
  Network GmbH &amp; Co. KG</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">April 17, 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">The combined 2G and 3G CS
  Core Network Rollout Agreements</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel, PT Ericsson
  Indonesia and PT Nokia Siemens Networks</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">April 17, 2008</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">Technical Service
  Agreement (TSA) for combined 2G and 3G CS Core 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></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=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel, PT Ericsson
  Indonesia, Ericsson AB, PT Nokia Siemens Networks, NSN Oy, Huawei
  International Pte. Ltd., PT Huawei and PT ZTE Indonesia</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">March and June 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">2G BSS and 3G UTRAN
  Rollout agreement for the provision of 2G GSM BSS and 3G UMTS Radio Access
  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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel, PT Packet
  Systems Indonesia and PT Huawei</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">February 3, 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif 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="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></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=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel, PT Dimension
  Data Indonesia and 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">February 3, 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif 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;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">February 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif 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="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></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=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel and PT
  Application Solutions</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">February 8, 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black 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;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">July 5, 2011</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black 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="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></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=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel and 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">March 25, 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">Technical Support
  Agreement for the procurement of Gateway GPRS Support Node (&#8220;GGSN&#8221;) Service
  Complex</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr>
  <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel and Wipro
  Limited, Wipro Singapore Pte. Ltd. and PT WT Indonesia</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">April 23, 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black 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="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></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=black face=arial,sans-serif style="font-size:8.0pt;">Telkomsel and PT Ericsson
  Indonesia</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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black face=arial,sans-serif style="font-size:8.0pt;">October 22, 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;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=top width=46% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=black 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;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">106</font></p>

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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">35</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.
SIGNIFICANT COMMITMENTS AND AGREEMENTS (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;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="background:white;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&#160;&#160; </font></b></p>

<p style="background:white;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:3.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:58.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.5pt;"><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;">March 31, 2016</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>

<p style="background:white;margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:88.72%;">
 <tr>
  <td valign=top width=25% 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 lang=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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 lang=X-NONE style="font-size:7.0pt;">Facility
  utilized</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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 lang=X-NONE style="font-size:7.0pt;">Lenders</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">Total facility</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=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">Maturity</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% 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=X-NONE style="font-size:7.0pt;">Original</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> c</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">urrency&nbsp;</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:7.0pt;">(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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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 lang=X-NONE style="font-size:7.0pt;">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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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=X-NONE style="font-size:7.0pt;">BRI</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">350</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">March 14, 2016</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">74</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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 lang=X-NONE style="font-size:7.0pt;">US$</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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=X-NONE style="font-size:7.0pt;">BNI</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">250</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">March 31, 2016</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">85</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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=X-NONE style="font-size:7.0pt;">&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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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 lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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 lang=X-NONE style="font-size:7.0pt;">US$</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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=X-NONE style="font-size:7.0pt;">0</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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=X-NONE style="font-size:7.0pt;">Bank Mandiri</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">300</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">December 23, 2016</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">255</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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=X-NONE style="font-size:7.0pt;">&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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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 lang=X-NONE style="font-size:7.0pt;">US$</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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:7.0pt;">0</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% 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 lang=X-NONE style="font-size:7.0pt;">Total</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">900</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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=X-NONE style="font-size:7.0pt;">416</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;"><sup><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;text-indent:-24.75pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)&#160;&#160;&#160;&#160; Telkomsel
has US$3 million bond and bank guarantee</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
standby letter of credit facilit</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ies&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> with SCB, Jakarta. The facilities
expire on July 31, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. Under these facilities, as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, Telkomsel has issued a bank
guarantee of Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">20&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion (equivalent to US$</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1.4&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million) for a 3G performance bond
(Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">39</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.i). The bank guarantee </font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">is valid </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">until </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 24, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Telkomsel has a Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">00 billion bank guarantee facility
with BRI. The facility will expire on </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 25</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;">6</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. Under this facility, as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, Telkomsel has issued a bank
guarantee of Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">317&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion (equivalent to US</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">$22 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">million) as </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">payment commitment guarantee for
annual right of usage fee valid until March 31, 2016 and </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;">20&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion (equivalent to US</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">$1.4 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">million)&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
for a 3G performance guarantee.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Telkomsel has a
Rp150 billion bank guarantee </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">facility
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">with BCA. The </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">facility will expire on</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> April 15, 2016.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Telkomsel has also a Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">100&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion bank guarantee facility with
BNI. The facility will expire on </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
11, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. Telkomsel uses
this facility to replace the time deposit required as guaranty for the USO
program amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">53&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;"> (Note 35c.iv)</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;text-indent:-24.75pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(iii)&#160;&#160;&#160; TII
has a US$</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">15&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million bank guarantee from Bank
Mandiri. The facility expires on </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
18, 2016</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 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">outstanding bank guarantee facility as
of</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> March 31, 2016
amount</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ing&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> to US$10 million</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.75pt;text-align:justify;text-indent:-24.75pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="background:white;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; Others</font></b></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">(i)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3G license</font></u></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:81.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:70.0pt;text-align:justify;text-indent:-15.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.&#160; Pay
an annual BHP fee which is calculated based on a certain formula over the
license term (10 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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;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;">2.&#160;&#160; Provide roaming
access for the existing other 3G operators.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

<p style="background:white;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;">3.&#160;&#160; Contribute to USO
development.</font></p>

<p style="background:white;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 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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">35</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; SIGNIFICANT COMMITMENTS AND
AGREEMENTS (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<ol start=3 type=a style="margin-bottom:0in;margin-top:0in;">
 <li style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Others</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></li>
</ol>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:4.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:85.5pt;text-align:justify;text-indent:-49.15pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(i)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3G license</font></u><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></u></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">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: (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">4.&#160;&#160; Construct
a 3G network which covers at least 14 provinces by the sixth year of holding
the 3G license.</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">5.&#160;&#160; Issue
a performance bond every year amounting to Rp20 billion or 5% of the annual fee
to be paid for the subsequent year, whichever is higher. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;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="background:white;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;">(ii)&#160;&#160; </font><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Radio
Frequency Usage </font></u></p>

<p style="background:white;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="background:white;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 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 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;">Decree. The Decree is
applicable for 5 years unless further amended.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 an implementation of
the Decree above, the Company and Telkomsel paid the first</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, second, third and forth </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">year annual frequency usage fees in
2010</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2011, </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;">2 and 2013</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively.</font></p>

<p style="background:white;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="background:white;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;">In order to maximize its business
opportunities from the group synergy, the Company restructured its fixed
wireless business unit by terminating the respective fixed wireless
telecommunication network services and transferring the fixed wireless business
and subscribers to Telkomsel. On June 27, 2014, the Company signed a
Conditional Business Transfer Agreement with Telkomsel to transfer such
business and subscribers to Telkomsel (Notes 4,9b, 31). Telkomsel has paid
through an escrow account amounting to Rp2,162 billion for this restructuring
business and presented as Other Current Financial Assets (Note 5). As the date
of approval and authorization of the consolidated financial statements, the
restructuring business is still in process</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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:4.0pt;">&nbsp;</font></p>

<p style="background:white;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;">T</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he
Company recorded a restructuring provision of Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">208&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;">
as of December 31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.
The provision relates to the benefits provided in &#8220;Upgrade Telkomflexi&#8221; program
that was introduced to encourage Telkom Flexi subscribers to migrate to
Telkomsel services. The program was announced to public on October 3, 2014. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">As the date of approval and
authorization of the consolidated financial statements, the migration of customers
had been accomplished and all the services rendered has been ceased.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Based on Decision
Letter No. 934 dated September 26, 2014, the MoCI approved t</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">he transfer of the Company&#8217;s frequency</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> usage license </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">since&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> the decision letter was issued.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;"> &nbsp;</font></p>

<p style="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">During the trans</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ition&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> p</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">eriod</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
the Company </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 able to use the radio
frequency </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">spectrum of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">880-887.5&#160; MHz </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">paired&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> with 925-932.5 MHz until December 14,
2015.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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 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 annual frequency usage fee transfe</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;">red
from Company to Telkomsel and </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;"> paid in December 2014</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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="background:white;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 Decision
letter No. 983 issued in 2015, the MoCI determined that the sixth year (Y6)
2015, annual frequency usage fee of Telkomsel was Rp 2,398 billion. The fee was
paid in December 2015.</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_113"></a><a name="_bclPageBorder113"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;text-align:justify;text-indent:-14.2pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">35</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; SIGNIFICANT COMMITMENTS AND
AGREEMENTS (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;text-align:justify;text-indent:-14.2pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<ol start=3 type=a style="margin-bottom:0in;margin-top:0in;">
 <li style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Others</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></li>
</ol>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;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;">(ii)&#160;&#160; </font><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Radio
Frequency Usage </font></u><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></u></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.9pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On
July 6, 2015, Telkomsel received Decision Letter No.644 Year 2015 dated June
30, 2015, of the MoCI, which replaced Decision Letter No.42 Year 2014 dated
January 29, 2014, the MoCI granted Telkomsel the rights to provide:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:71.9pt;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(i)</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Mobile
telecommunication services with radio frequency bandwidth in the 800 MHz, 900
MHz and 1800 MHz bands;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:71.9pt;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(ii)</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Mobile
telecommunication services IMT-2000 with radio frequency bandwidth in the 2.1
GHz bands (3G); and</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:71.9pt;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(iii)</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Basic
telecommunication services.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:55.25pt;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(iii</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">) </font><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Future </font></u><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">m</font></u><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">inimum </font></u><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">l</font></u><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ease </font></u><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">p</font></u><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ayments under </font></u><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">o</font></u><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">perating </font></u><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">l</font></u><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ease &nbsp;</font></u></p>

<p style="background:white;margin-bottom:0in;margin-left:56.7pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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 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 color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">1</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;">
and 20</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</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;"> Periods maybe extended based on the
agreement by both parties.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:56.7pt;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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:10.0pt;">&#160;&#160; Future minimum lease payments under the
operating lease agreements as of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">March
31, 2016</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> are as follows:</font></p>

<p style="background:white;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:10.0pt;">&#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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=31% 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=X-NONE style="font-size:10.0pt;">&nbsp;</font></b></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:10.0pt;">Total</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 lang=X-NONE style="font-size:10.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Less than 1 year</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 lang=IN style="font-size:10.0pt;">&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:10.0pt;">1-5 years</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 lang=IN style="font-size:10.0pt;">&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:10.0pt;">More than 5 years</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 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;">As lessee</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:10.0pt;">27,765</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 lang=IN style="font-size:10.0pt;">&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:10.0pt;">3,656</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 lang=IN style="font-size:10.0pt;">&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:10.0pt;">12,803</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 lang=IN style="font-size:10.0pt;">&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 lang=IN style="font-size:10.0pt;">11,306</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=bottom width=31% 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;">As lessor</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:10.0pt;">2,623</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=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 lang=IN style="font-size:10.0pt;">915</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=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 lang=IN style="font-size:10.0pt;">1,708</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=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: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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;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;">In connection with
the restructuring of its fixed wireless business unit (Note 3</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;">c.ii), the Company undertakes a negotiation
to early terminate its operating lease agreements, and has recorded provisions
for early termination amounted Rp666 billion which is presented as &#8220;Other
expense&#8221;. The future minimum lease payments above includes lease agreements
with telecommunication tower providers, which were used for its fixed wireless
business unit.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(iv</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">) </font><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">USO &nbsp;</font></u></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="background:white;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 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</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and Decree No.05/PER/M.KOMINFO/2/2007
dated February 28, 2007</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
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, Decre</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">e </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">latest
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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="background:white;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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">109</font></p>

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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;text-align:justify;text-indent:-14.2pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">35</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; SIGNIFICANT COMMITMENTS AND
AGREEMENTS (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;text-align:justify;text-indent:-14.2pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;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; Others</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(iv</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">) </font><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">USO (continued) </font></u></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></i></p>

<p style="background:white;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 </font><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;">MoCI Decree No.
32/PER/M.KOMINFO/10/2008 dated October 10, 2008 (as amended by Decree No.
03/PER/M.KOMINFO/2/2010 dated February 1, 2010) 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 Program),
the provider is determined through a selection process b</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">y </font><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Balai Telekomunikasi dan Informatika Pedesaan </font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(&#8220;BTIP&#8221;) which was established based
on MoCI Decree No. 35/PER/M.KOMINFO/11/2006 dated November 30, 2006. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Subsequently, based on Decree
No. 18/PER/M.KOMINFO/11/2010 dated
November 19, 2010 of MoCI, BTIP was changed to </font><i><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Balai Penyedia dan Pengelola
Pembiayaan Telekomunikasi dan Informatika</font></i><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (&#8220;BPPPTI&#8221;).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:72.9pt;text-align:justify;text-indent:-16.65pt;"><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;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company</font></p>

<p style="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 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, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">West
Sulawesi, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">South Sulawesi
and South East Sulawesi.</font></p>

<p style="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 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>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;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;">n
2014, the program was ceased. On September 8, 2015, the Company filed an
arbitration claim to the Indonesia National Board of Arbitration (&#8220;BANI&#8221;) for
the settlement of the outstanding receivables of USO-PLIK and USO-MPLIK. As of
the date of approval and authorization for the issuance of the consolidated
financial statements, the arbitration claim is still in process.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;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 Program) for a total
amount of Rp1.66 trillion, covering all Indonesian territories except Sulawesi,
Maluku and Papua. </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 obtain local
fixed-line licenses and the right to use radio frequency in the 2</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;">390 MHz - 2</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;">400
MHz bandwith.</font></p>

<p style="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;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="background:white;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:5.0pt;">&nbsp;</font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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 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=IN style="font-size:11.0pt;">35</font></b><b><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:11.0pt;">. SIGNIFICANT COMMITMENTS AND
AGREEMENTS (continued)</font></b></p>

<p style="background:white;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="background:white;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="background:white;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:6.0pt;line-height:115%;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(iv</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">) </font><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">USO (continued)</font></u><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></u></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:2.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:2.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-2.95pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b. Telkomsel (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-12.05pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:63.8pt;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;">March 31</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;">4</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the USO program</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> for packages 1,<sup> </sup>2,<sup> </sup>3,<sup>
</sup>6<sup> </sup>and 7 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ceased.&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> As of 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 </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;"> BANI for the settlement of
the outstanding receivable from BPPPTI. On October 23, 2015, BANI decided that
Telkomsel should pay the outstanding receivables from those USO program to
BPPPTI amounting to Rp94.2 billion. Telkomsel accepted the decision and paid the
balance in December 2015.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:63.8pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.85in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">For </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the years</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;">March 31, 2016 and 2015,</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="background:white;margin-bottom:0in;margin-left:.5in;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;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:63.0pt;width:87.84%;">
 <tr>
  <td valign=bottom width=44% 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=X-NONE style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=27% 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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&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 lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=27% 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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&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 lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% style="background:#c6d9f1;padding:0in 0in 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=27% 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 lang=X-NONE 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=27% 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 lang=X-NONE 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 lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% 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;">Construction</font></p>
  </td>
 <td valign=bottom width=27% 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=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=27% 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;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% 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;">Operation
  of telecommunication service center</font></p>
  </td>
 <td valign=bottom width=27% 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=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=27% 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;">180</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=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% 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;">Profits</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (Losses)</font></p>
  </td>
 <td valign=bottom width=27% 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=27% 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;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% 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;">Construction</font></p>
  </td>
 <td valign=bottom width=27% 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=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=27% 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;">20</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=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% 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;">Operation
  of telecommunication service center</font></p>
  </td>
 <td valign=bottom width=27% 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=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=27% 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;">(5</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>
 </tr>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:63.0pt;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;">March 31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company&#8217;s and Telkomsel&#8217;s net
carrying amount of trade receivables from the USO programs which are measured at amortized cost
using the effective interest rate
method amounted to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">178&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 Rp179</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;">(Note 5).</font></p>

<p style="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; CONTINGENCIES </font></b></p>

<p style="background:white;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="background:white;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;">43 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">billion as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="background:white;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="background:white;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 in the amounts of
Rp18 billion and Rp25 billion, respectively.</font></p>

<p style="background:white;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="background:white;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="background:white;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;">Due
to the filing of case by </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">seven
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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=EN-US style="background:white;font-size:10.0pt;">appointed
the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Central Jakarta District Court </font><font color=windowtext face=arial,sans-serif lang=EN-US style="background:white;font-size:10.0pt;">to
investigate and resolve the case.</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;">On
May 27, 2015 Central Jakarta District Court decided to that the Company,
Telkomsel and seven other local operators win this case. </font></p>

<p style="background:white;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>





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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">111</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; CONTINGENCIES </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

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

<p style="background:white;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;">On July 23,
2015, KPPU filed an appeal to the SC regarding the case of SMS cartel
practices. On February 29, 2016, the SC decided on the case in favor of KPPU. As
of the date of approval and authorization for the issuance of the consolidated
financial statements, the Company is considering to request for a judicial
review of the case by the SC. </font></p>

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

<p style="background:white;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
at 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="background:white;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="background:white;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;">On
May 20, 2013, the Company filed an appeal to the Makassar High Court. In
December 2013, the Makassar High Court pronounced its verdict that was
favorable to the plaintiffs and the Company filed an appeal to the Supreme
Court. </font></p>

<p style="background:white;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="background:white;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;">On
January 9, 2015, the Company received the SC Notice </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">No. 226/Pdt.G/2012/PN.Mks. </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">regarding the case in which rejected
the Company&#8217;s appeal. On February 5, 2015, the Company requested for a judicial
review of the case by the SC</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> &nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:34.65pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;layout-grid-mode:char;">On
December 16, 2015, through its letter No.336 PK/Pdt/2015, the SC decided on the
case in favor of the Company. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">7</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; ASSETS AND LIABILITIES DENOMINATED IN FOREIGN
CURRENCIES</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Assets and liabilities denominated in
foreign currencies are as follows:</font></p>

<p align=left style="background:white;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:96.52%;">
 <tr>
  <td valign=bottom width=31% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=68% 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:7.0pt;">March 31, 2016</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">&nbsp;</font></b></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;"><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;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:7.0pt;">U.S. dollar</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:7.0pt;">(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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;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:7.0pt;">Japanese yen</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:7.0pt;">(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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;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:7.0pt;">Others*</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:7.0pt;">(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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">Rupiah equivalent</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:7.0pt;">(in billions)</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Assets</font></b></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;"><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;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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Cash and cash equivalents</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">472.98</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:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">11.36</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:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">11.78</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">6,425</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;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:7.0pt;">Other current
  financial assets</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">28.83</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">1.38</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:7.0pt;">&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:7.0pt;">397</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Trade receivables</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Related parties</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">2.11</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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Third parties</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">101.51</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">1.98</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:7.0pt;">&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:7.0pt;">1.367</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Other receivables</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">0.24</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">0.27</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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">7</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Advances and other non-current assets</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;"><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;padding: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:7.0pt;">3.88</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">-</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;"><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;padding: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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">51</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Total assets</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">609.55</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">11.36</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">15.41</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">8.275</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Liabilities</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Trade payables</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Related parties</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">(0.33</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:7.0pt;">)</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 lang=IN style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(5</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Third parties</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(189.99</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:7.0pt;">)</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:7.0pt;">(39.36</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:7.0pt;">)</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:7.0pt;">(6.55</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:7.0pt;">)</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:7.0pt;">(2.607</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Other payables</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">(19.27</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:7.0pt;">)</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 lang=IN style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">(1.94</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:7.0pt;">)</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:7.0pt;">(277</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Accrued expenses</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(113.27</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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">)</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:7.0pt;">(25.05</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:7.0pt;">)</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:7.0pt;">(0.20</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:7.0pt;">)</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:7.0pt;">(1,508</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Advances from customers and suppliers</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">(0.48</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:7.0pt;">)</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 lang=IN style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(6</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Current maturities of long-term
  liabilities</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">(11.90</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:7.0pt;">)</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:7.0pt;">(767.90</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:7.0pt;">)</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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(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=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Promissory notes</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">(1.29</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 lang=IN style="font-size:7.0pt;">)</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 lang=IN style="font-size:7.0pt;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(17</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Long-term liabilities - net of
  current maturities</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">(181.99</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">(6,143.18</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">(3,142</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Total liabilities</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;"><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;padding: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:7.0pt;">(518.52</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">(6,975.49</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:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(8.69</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:7.0pt;">)</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:7.0pt;">(7,811</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Assets (</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Liabilities</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">)&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> - net</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">91.03</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">(6,964.13</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:7.0pt;">)</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6.72</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">464</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:7.0pt;">&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:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.48%;">
 <tr>
  <td valign=bottom width=100% 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:7.0pt;">*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>
  </td>
 </tr>
</table></div>

<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:11.0pt;">&nbsp;</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:11.0pt;">&nbsp;</font></b></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">112</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">7</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; ASSETS AND LIABILITIES DENOMINATED IN FOREIGN
CURRENCIES</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
(continued)</font></b></p>

<p align=left style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=31% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=68% 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:7.0pt;">December 31, 2015</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">&nbsp;</font></b></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;"><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;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:7.0pt;">U.S. dollar</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:7.0pt;">(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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;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:7.0pt;">Japanese yen</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:7.0pt;">(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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">Others*</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:7.0pt;">(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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">Rupiah equivalent</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:7.0pt;">(in billions)</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Assets</font></b></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;"><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;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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=18% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Cash and cash equivalents</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">494.19</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:7.0pt;">&nbsp;</font></b></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 lang=IN style="font-size:7.0pt;">11.37</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">1</font><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;">.</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">34&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:7.0pt;">&nbsp;</font></b></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:7.0pt;">6,957</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;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:7.0pt;">Other current
  financial assets</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">30.37</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">1.02</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:7.0pt;">&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:7.0pt;">433</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Trade receivables</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Related parties</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">1.69</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">23</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Third parties</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">10</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">4</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">.19&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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">1.</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">18&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:7.0pt;">&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:7.0pt;">1,453</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Other receivables</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">0.40</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">0.10</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:7.0pt;">&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:7.0pt;">7</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Advances
  and other non-current assets</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 lang=IN style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3.88</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">-</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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:7.0pt;">54</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Total assets</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">634.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">72&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">11.37</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">12.64</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">8,927</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Liabilities</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Trade payables</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 lang=IN style="font-size:7.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Related parties</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">(0.</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">4</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2&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 lang=IN style="font-size:7.0pt;">)</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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(6</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Third parties</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">(202.</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">04&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 lang=IN style="font-size:7.0pt;">)</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:7.0pt;">(10.7</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3&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 lang=IN style="font-size:7.0pt;">)</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:7.0pt;">(2.</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">39&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 lang=IN style="font-size:7.0pt;">)</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:7.0pt;">(2,819</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Other payables</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">(22.26</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 lang=IN style="font-size:7.0pt;">)</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:7.0pt;">-</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">(1.6</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">5&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 lang=IN style="font-size:7.0pt;">)</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:7.0pt;">(330</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Accrued expenses</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">(34.45</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:7.0pt;">)</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:7.0pt;">(25.45</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:7.0pt;">)</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:7.0pt;">(0.18</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:7.0pt;">)</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:7.0pt;">(481</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Advances
  from customers and suppliers</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">(0.48</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:7.0pt;">)</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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(7</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Current
  maturities of long-term liabilities</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 lang=IN style="font-size:7.0pt;">&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:7.0pt;">(12.04</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:7.0pt;">)</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:7.0pt;">(767.90</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:7.0pt;">)</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:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(254</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Promissory
  notes</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 lang=IN style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">(1.99</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:7.0pt;">)</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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">-</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:7.0pt;">&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:7.0pt;">(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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Long-term
  liabilities - net of current maturities</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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">(187.48</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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">(6,143.18</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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=16% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% 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:7.0pt;">(3,290</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Total
  liabilities</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 lang=IN style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(461.1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6&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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">(6,947.</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">26&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 lang=IN style="font-size:7.0pt;">)</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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(4.2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2&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:7.0pt;">)</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:7.0pt;">(7,2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">15&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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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:7.0pt;">Assets (</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Liabilities</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">)&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> - net</font></b></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 lang=IN style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">173.56</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% 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:7.0pt;">(6,935.</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">89&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:7.0pt;">)</font></b></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">8.42</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:7.0pt;">&nbsp;</font></b></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:7.0pt;">1,</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">712&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:7.0pt;">&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:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.48%;">
 <tr>
  <td valign=bottom width=100% 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:7.0pt;">*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>
  </td>
 </tr>
</table></div>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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 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="background:white;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="background:white;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;">If the Group reports
monetary assets and liabilities in foreign currencies as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> using the exchange rates on</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> April 21</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;">2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the unrealized foreign exchange </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">loss amounted to Rp27</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion.</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><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;"><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;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; FINANCIAL RISK MANAGEMENT </font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:1.0in;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="background:white;margin-bottom:0in;margin-left:.5in;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;">1.</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Fair value of financial
assets and </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">financial </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">liabilities&nbsp;</font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">a</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160;&#160;&#160; Classification </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.0in;vertical-align:baseline;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&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><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.</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;">Financial asset </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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:1.0in;width:86.1%;">
 <tr>
  <td valign=bottom width=49% 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 lang=SV style="font-size:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% 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;">March
  31,</font></b><b><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:10.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">6&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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% 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;">December
  31, 2015</font></b></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>
 </tr>
<tr>
  <td valign=bottom width=49% 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 lang=IN style="font-size:10.0pt;">Fair value of financial asset through
  profit or loss</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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;">Derivative asset &#8211; put option</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=bottom width=24% 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;">172</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=24% 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;">172</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>
 </tr>
<tr>
  <td valign=bottom width=49% 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 lang=IN style="font-size:10.0pt;">Payables and receivables</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% 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=bottom 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=bottom width=24% 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=1% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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;">Cash and cash equivalents</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=bottom width=24% 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;">35,737</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=24% 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;">28,117</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>
 </tr>
<tr>
  <td valign=bottom width=49% 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=IN style="font-size:10.0pt;">Trade receivables and other receivables,
  net</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=bottom width=24% 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;">9,711</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=24% 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;">7,872</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>
 </tr>
<tr>
  <td valign=bottom width=49% 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;">Other current financial assets</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=bottom width=24% 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;">2,626</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=24% 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;">2,486</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>
 </tr>
<tr>
  <td valign=bottom width=49% 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=IN style="font-size:10.0pt;">Other non &#8211; current assets</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=bottom width=24% 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;">361</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=24% 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;">379</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>
 </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 align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">113</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; FINANCIAL RISK MANAGEMENT </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.5in;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;">1.</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Fair value of financial
assets and </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">financial </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">liabilities (continued)</font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">a</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160;&#160;&#160; Classification (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.0in;vertical-align:baseline;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&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><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;">Financial asset (continued)</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;vertical-align:baseline;"><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:1.0in;width:86.1%;">
 <tr>
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN 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:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March
  31,</font></b><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:10.0pt;"> 201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
  31, 2015</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&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:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Available
  - for - sale financial assets</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><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-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN 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-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Available -
  for - sale securities</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">160</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">160</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&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:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Total
  financial asset</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">48,767</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=24% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;vertical-align:baseline;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">39,186</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:1.25in;margin-right:0in;margin-top:0in;text-align:justify;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:1.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.25in;vertical-align:baseline;"><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&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><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;">Financial liabilites</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:14.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:1.0in;width:86.1%;">
 <tr>
  <td valign=bottom width=49% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=24% 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;">March
  31,</font></b><b><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:10.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">6&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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">December
  31, 2015</font></b></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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 lang=IN style="font-size:10.0pt;">Financial liabilities measured at
  amortised cost</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=24% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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;">Trade payables and other payables</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">14,283</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">14.284</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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=IN style="font-size:10.0pt;">Accrued expenses</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">8,182</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">8.247</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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 lang=IN style="font-size:10.0pt;">Loans and other borrowings</font></b></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;"><sup><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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 lang=IN style="font-size:10.0pt;">Short-term bank loans</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">409</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">602</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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:10.0pt;">Two-step loans</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">1,498</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">1.520</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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 lang=IN style="font-size:10.0pt;">Bonds and notes</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">9,530</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">9.548</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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:10.0pt;">Long-term bank loans</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">18,928</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">18.362</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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 lang=IN style="font-size:10.0pt;">Obligation under finance lease</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">4,599</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">4.580</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% 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=IN style="font-size:10.0pt;">Total
  financial liabilities</font></b></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">57,429</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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=24% 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;">57.143</font></b></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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:14.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>

<p style="background:white;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;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Fair value</font></p>

<p style="background:white;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=26% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=43% 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:7.0pt;">Fair value measurement at
  reporting date using</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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 lang=IN style="font-size:7.0pt;">March 31, 2016</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">Carrying amount</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">Fair Value</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">Quoted prices in
  active markets for identical assets or liabilities (level 1)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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 lang=IN style="font-size:7.0pt;">Significant other observable inputs
  (level 2)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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 lang=IN style="font-size:7.0pt;">Significant unobservable inputs
  (level 3)</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Financial assets</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=14% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=14% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=14% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=13% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=14% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Available-for-sale
  securities</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">160</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">160</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">58</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">102</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Fair value through
  profit or loss</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">172</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">172</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">172</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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 lang=IN style="font-size:7.0pt;">Total</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">332</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">332</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">58</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">102</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">172</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Financial
  liabilities for which fair value are disclosed</font></b></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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=14% 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=14% 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=14% 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=14% 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Liabilities</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Two-step loans</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">1.498</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">1.537</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">1.537</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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=IN style="font-size:7.0pt;">Bonds and notes</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">9.530</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">9.899</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">9.333</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">566</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Long-term bank loans</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">19.337</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">19.615</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">19.615</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Obligation under
  finance lease</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">4.599</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">4.599</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">4.599</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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 lang=IN style="font-size:7.0pt;">Total</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">34.964</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">35.650</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">9.333</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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:7.0pt;">-</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">26.317</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:63.0pt;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:10.0pt;">&#160;&#160; &nbsp;</font></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">114</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; FINANCIAL RISK MANAGEMENT (continued)</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:1.0in;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="background:white;margin-bottom:0in;margin-left:.5in;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;">1.</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Fair value of financial
assets and </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">financial </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">liabilities&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> (continued)</font></p>

<p style="background:white;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="background:white;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;">b.</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;">Fair value (continued)</font></p>

<p style="background:white;margin-bottom:0in;margin-left:63.0pt;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:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=26% 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:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=43% 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:7.0pt;">Fair value measurement at
  reporting date using</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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 lang=IN style="font-size:7.0pt;">December 31, 2015</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">Carrying amount</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">Fair Value</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">Quoted prices in
  active markets for identical assets or liabilities (level 1)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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 lang=IN style="font-size:7.0pt;">Significant other observable inputs
  (level 2)</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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 lang=IN style="font-size:7.0pt;">Significant unobservable inputs
  (level 3)</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Financial assets</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=14% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=14% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=14% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=13% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=14% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Available-for-sale
  securities</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">160</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">160</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">55</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">105</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Fair value through
  profit or loss</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">172</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">172</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">172</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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 lang=IN style="font-size:7.0pt;">Total</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">332</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">332</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">55</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">105</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">172</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Financial
  liabilities for which fair value are disclosed</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Liabilities</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">&nbsp;</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Two-step loans</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">1.520</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">1.538</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">1.538</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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=IN style="font-size:7.0pt;">Bonds and notes</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">9.548</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">9.541</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">8.972</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">569</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Long-term bank loans</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">18.362</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">18.314</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">18.314</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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:7.0pt;">Obligation under
  finance lease</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">4.580</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">4.580</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">4.580</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% 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 lang=IN style="font-size:7.0pt;">Total</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">34.010</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">33.973</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">8.972</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% 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:7.0pt;">-</font></b></p>
  </td>
 <td valign=bottom 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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% 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:7.0pt;">25.001</font></b></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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;margin-bottom:0in;margin-left:51.85pt;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;">Available-for-sale financial
assets primarily consist of 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="background:white;margin-bottom:0in;margin-left:53.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.85pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:51.85pt;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;">Financial asset at fair value
through profit or loss represents the Put Option on the 20% remaining ownership
in Indonusa which was received as part of the divestment considerations. 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="background:white;margin-bottom:0in;margin-left:53.55pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-17.85pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Reconciliations of the
beginning and ending balances for items measured at fair value using
significant unobservable inputs (level 3) as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016 and 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> are as follows:</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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=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=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 style="font-size:10.0pt;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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 style="font-size:10.0pt;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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=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=bottom width=22% 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;">172</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=22% 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;">290</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=54% 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;">Unrealized
  loss - recognized in consolidated statement of profit or loss and other
  comprehensive income</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=bottom width=22% 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=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=22% 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;">(118</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>
 </tr>
<tr>
  <td valign=bottom width=54% 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=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=bottom width=22% 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;">172</font></b></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=22% 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;">172</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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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<div align=left><table cellpadding=0 cellspacing=0 border=0>
 <tr>
  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">115</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_120"></a><a name="_bclPageBorder120"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; FINANCIAL RISK MANAGEMENT (continued)</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:1.0in;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="background:white;margin-bottom:0in;margin-left:256.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-238.3pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">1.</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Fair value of financial assets and </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">financial </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">liabilities&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> (continued)</font></p>

<p style="background:white;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="background:white;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;">b.</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;">Fair value measurement</font></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:.55pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:18.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;margin-right:0pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;margin-right:0pt;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:70.9pt;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-16.9pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(i)</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The fair values of short-term
financial assets and financial liabilities with maturities of one year or less
(cash and cash equivalents, trade and other receivables, other current
financial assets, trade and other payables, accrued expenses, and short-term
bank loans) and other non-current assets are considered to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">approximate their carrying
amount</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;">as the impact of discounting
is not significant</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:70.9pt;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-16.9pt;"><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; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The fair values of long-term financial
asssets and financial liabilities (other non-current assets (long-term
receivables and restricted cash) and liabilities) approximate their carrying
amounts as they were measured based on the discounted future contractual cash
flows.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:70.9pt;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-16.9pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(iii)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Available-for-sale financial assets
primarily consist of mutual funds, Corporate and Government bonds. 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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:70.9pt;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-16.9pt;"><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; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The fair values of long-term financial
liabilities are estimated by discounting the future contractual cash flows of
each liability at rates offered to the Group for similar liabilities of
comparable maturities by the bankers of the Group, except for bonds which are
based on market prices.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:70.9pt;margin-right:0pt;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The fair value estimates
are inherently judgmental and involve various limitations, including:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.&#160;&#160; Fair
values presented do not take into consideration the effect of future currency
fluctuations. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:71.85pt;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160;&#160; 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:70.9pt;margin-right:0pt;margin-top:0in;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 align=left><table cellpadding=0 cellspacing=0 border=0>
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  <td align=left valign=top style="padding-bottom:0in;padding-left:0in;padding-right:0in;padding-top:0in;">

  <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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">116</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_121"></a><a name="_bclPageBorder121"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font style=""><font face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></font></p>





</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">FINANCIAL RISK MANAGEMENT (continued)</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; 2.&#160;&#160; Financial risk management</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;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 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="background:white;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=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Financial risk management is carried out by </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">he </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Corporate Finance</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> unit under policies approved by the Board of
Directors. The </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Corporate
Finance unit</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> identifies,
evaluates and hedges financial risks.</font></p>

<p style="background:white;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="background:white;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:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">a.&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Foreign exchange risk</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.85pt;text-align:left;text-indent:.15pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The Group </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;"> 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 color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">dollars&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and Japanese </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">y</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">en. The Group</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;"> exposure</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;"> to other foreign exchange rates are
not material.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:53.85pt;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:9.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:56.7pt;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;">Increasing risks of foreign currency exchange
rates on the obligations of </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">he Group are expected to be offset by</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> the effects of the exchange rates on</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> time deposits and receivables in foreign
currencies that are equal to at least 25% of the outstanding </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">current </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">foreign currency liabilities.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:56.7pt;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">The following</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> table </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">presents
</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">he Group</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&#8217;s&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> financial assets and </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">financial </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">liabilities </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">exposure to foreign currency risk:</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:.75in;margin-right:0pt;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:88.72%;">
 <tr>
  <td valign=bottom width=21% 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=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=39% 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:8.0pt;">March 31, 2016</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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=38% 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:8.0pt;">December 31, 2015</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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% 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=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=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:8.0pt;">U.S. dollar</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="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 valign=bottom width=19% 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;">Japanese yen</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=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=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:8.0pt;">U.S. dollar</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>
  <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:8.0pt;">(As restated)</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:8.0pt;">&nbsp;</font></b></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:8.0pt;">Japanese yen</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=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=bottom width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Financial assets</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=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:8.0pt;">0.61</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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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 lang=IN style="font-size:8.0pt;">0.01</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:8.0pt;">&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:8.0pt;">0.6</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3&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:8.0pt;">&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:8.0pt;">0.01</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% 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;">Financial liabilities</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=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:8.0pt;">(0.52</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:8.0pt;">)</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 lang=IN style="font-size:8.0pt;">(6.98</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:8.0pt;">)</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 lang=IN style="font-size:8.0pt;">(0.46</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:8.0pt;">)</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:8.0pt;">(6.95</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:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% 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;">Net exposure</font></b></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=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:8.0pt;">0.09</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:8.0pt;">&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 lang=IN style="font-size:8.0pt;">(6.97</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:8.0pt;">)</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:8.0pt;">0.17</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:8.0pt;">&nbsp;</font></b></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:8.0pt;">(6.94</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:8.0pt;">)</font></b></p>
  </td>
 </tr>
</table></div>

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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">FINANCIAL RISK MANAGEMENT (continued)</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; 2.&#160;&#160; Financial risk management</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></p>

<p style="background:white;margin-bottom:0in;margin-left:58.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:58.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.15pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Foreign
exchange risk (continued)</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.75in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.75in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Sensitivity
analysis</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;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;">A strengthening of the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">U</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.S.dollar and</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Japanese </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">y</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">en</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, as indicated below, against the rupiah at </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:55.0pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#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; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=71% 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=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=27% 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;">Equity/</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">profit (</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">loss</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN 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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=71% 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;">March
  31, 2016</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><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=71% 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 (1%
  strengthening)</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=bottom width=27% 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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=71% style="background:#c6d9f1;padding:0in 0in 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;">Japanese yen (5%
  strengthening)</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=bottom width=27% 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;">(41</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>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:55.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">A weakening of the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">U</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.S.d</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ollar&nbsp;</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;">
Japanese </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">y</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">en&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> against the rupiah at </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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="background:white;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="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:17.0pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">b.&#160;&#160; Market price risk</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:17.0pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:54.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.2pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">The Group </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">is&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> exposed to cha</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">n</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">ges in debt and equity market prices related to available-for-sale
investments carried at fair value. Gain</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
losses arising from changes in the fair value of available-for-sale investments
are recognized in equity.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:54.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.2pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:54.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.2pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; The performance of </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">he Group</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&#8217;s&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> available-for-sale investments </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">is&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> monitored periodically, together with a regular asses</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">s</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">ment of their relevance to </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">he Group</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&#8217;s&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> long</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">-</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">term strategic plans.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:54.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.2pt;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:54.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.2pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:10.0pt;">As of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">March
31, 2016</font><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:10.0pt;">, 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="background:white;margin-bottom:0in;margin-left:54.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.2pt;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:4.0pt;">&nbsp;</font></p>

<p align=left style="background:white;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 align=left style="background:white;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 align=left style="background:white;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="background:white;margin-bottom:0in;margin-left:54.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.2pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">c.&#160;&#160; Interest rate risk</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:17.0pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">Interest rate
fluctuation is monitored to minimize any negative impact to financial p</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">erformance</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">. Borrowings at variable interest
rates expose </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 Group to interest rate risk
(Notes </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;">6</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;">7</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;">18</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;">19, and</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0).
To measure market risk </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">pertaining
to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">fluctuations
in interest rates, </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 Group primarily use</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;"> interest margin and maturity profile
of the financial assets and liabilities based on changing schedule of the
interest rate.</font></p>

<p style="background:white;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="background:white;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;">At reporting date, the interest rate
profile of the Group&#8217;s interest-bearing borrowings was as follows:</font></p>

<p style="background:white;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;">&#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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">March 31, 2016</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 lang=IN style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">December 31, 2015</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=54% 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;">Fixed rate borrowings</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">(16.601</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:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% 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;">(16,687</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:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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;">Variable rate borrowings</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% 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;">(18.363</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 lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% 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;">(17,925</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 lang=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:17.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.85pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Sensitivity analysis
for variable rate borrowings</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.85pt;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">A</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">s of March 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, a decrease (increase) by </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">25&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> basis points in interest rates of
variable rate borrowings would have increased (decreased) equity and profit or
loss by Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">46 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">billion, respectively. This analysis
assumes that all other variables, in particular foreign currency rates, remain
constant.</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:11.0pt;">&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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">118</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>





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</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; FINANCIAL RISK MANAGEMENT (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:55.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.5in;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;">2.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Financial risk management
(continued)</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;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;">&#160;&#160;&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">d.&#160;&#160; Credit risk</font></p>

<p style="background:white;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=X-NONE style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="background:white;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;">The following</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> table </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">presents </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the maximum exposure to credit risk of
the Group&#8217;s financial assets:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=54% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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=IN style="font-size:10.0pt;">March 31, 2016</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=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=IN style="font-size:10.0pt;">December 31, 2015</font></b></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>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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;">Cash and cash equivalents</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=bottom width=22% 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;">35.737</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=22% 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;">28,117</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>
 </tr>
<tr>
  <td valign=bottom width=54% 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 current financial assets</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=bottom width=22% 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;">2.786</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=22% 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;">2,818</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>
 </tr>
<tr>
  <td valign=bottom width=54% style="background:#c6d9f1;padding:0in 0in 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;">Trade and other receivables, net</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=bottom width=22% 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;">9.711</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=22% 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;">7,872</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>
 </tr>
<tr>
  <td valign=bottom width=54% 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 non-current assets</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=bottom width=22% 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;">361</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=22% 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</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">79&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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=54% 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 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=22% 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;">48.595</font></b></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=22% 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;">39,186</font></b></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>
 </tr>
</table></div>

<p align=left style="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The Group is
exposed to credit risk primarily from trade and other receivables. </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The c</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">redit risk is managed by continuous
monitoring </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;">outstanding balances and
collection</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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=EN-AU style="font-size:10.0pt;">Trade and other receivables do not have any
major concentration risk whereas no customer </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-AU style="font-size:10.0pt;">eceivable balances exceed </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:10.0pt;">% of trade receivables of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016</font><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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=EN-AU style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;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=IN style="font-size:10.0pt;">Management is confident in its ability to
continue to control and sustain minimal exposure </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">to&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">
credit risk given that </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">he Group ha</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">s recogniz</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">ed sufficient </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">provision for impairment of receivables</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> to cover incurred loss arising from
uncollectible receivables based on existing historical </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">data on credit losses</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="background:white;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;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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;">e.&#160;&#160; Liquidity risk</font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;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=IN style="font-size:10.0pt;">Liquidity risk arises in situations where </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">he Group ha</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;"> difficulties in fulfilling financial
liabilities when they become due. </font></p>

<p style="background:white;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:7.0pt;">&nbsp;</font></p>

<p style="background:white;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=IN style="font-size:10.0pt;">Prudent liquidity risk management implies
maintaining sufficient cash in order to </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">meet
t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">he Group&#8217;</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;"> financial </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">obligations</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">. The Group continuously perform</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;"> an analysis to monitor </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">financial
position</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> ratios, </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">such as </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">liquidity ratios</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> and</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">
debt</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">-to-</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">equity ratios</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;">
against debt covenant requirements.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:1.0in;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;text-indent:.5in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
following is the maturity profile of the Group&#8217;s financial liabilities:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;text-indent:.5in;"><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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=16% 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:7.5pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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-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:7.5pt;">Carrying amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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-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:7.5pt;">Contractual cash flows</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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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-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:7.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">6&nbsp;</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-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:7.5pt;">&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-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:7.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">7&nbsp;</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-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:7.5pt;">&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-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:7.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">8&nbsp;</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-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:7.5pt;">&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-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:7.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">9&nbsp;</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-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:7.5pt;">&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-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:7.5pt;">2020 and thereafter</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:7.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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 lang=IN style="font-size:7.5pt;">March 31, 2016</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Trade and other payables</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">14.283</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">(14.283</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(14.283</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&nbsp;</font></b></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:7.5pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&nbsp;</font></b></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:7.5pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&nbsp;</font></b></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:7.5pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Accrued expenses</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">8.182</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">(8.182</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:7.5pt;">)</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:7.5pt;">(8.182</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:7.5pt;">)</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:7.5pt;">-</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:7.5pt;">&nbsp;</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:7.5pt;">-</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:7.5pt;">&nbsp;</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:7.5pt;">-</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:7.5pt;">&nbsp;</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:7.5pt;">-</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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Loans and other borrowings</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Bank loans</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">19.334</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">(24.112</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:7.5pt;">)</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:7.5pt;">(4.849</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:7.5pt;">)</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:7.5pt;">(3.674</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:7.5pt;">)</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:7.5pt;">(9.207</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:7.5pt;">)</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:7.5pt;">(2.347</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:7.5pt;">)</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:7.5pt;">(4.035</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:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Bonds and notes</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">9.530</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">(20.676</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(1.027</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(818</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(958</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(1.229</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(16.644</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 lang=IN style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Obligations under finance
  leases</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">4.599</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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:7.5pt;">(4.886</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:7.5pt;">)</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:7.5pt;">(756</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:7.5pt;">)</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:7.5pt;">(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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(773</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:7.5pt;">)</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:7.5pt;">(1.643</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:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Two-step loans</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">1.499</font></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">(1.753</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(289</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(242</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(246</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(218</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(758</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 lang=IN style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Total</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">57.427</font></b></p>
  </td>
 <td valign=bottom 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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 lang=IN style="font-size:7.5pt;">(73.892</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(29.386</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(5.643</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(11.216</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(4.567</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(23.080</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 lang=IN style="font-size:7.5pt;">)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:53.85pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></sup></p>





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<div align=left><table cellpadding=0 cellspacing=0 border=0>
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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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">119</font></p>

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<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; FINANCIAL RISK MANAGEMENT (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:3.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:.5in;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;">2.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Financial risk management
(continued)</font></p>

<p style="background:white;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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;">e.&#160;&#160; Liquidity risk (continue</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">d</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:.75in;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:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=16% 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:7.5pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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-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:7.5pt;">Carrying amount</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:7.5pt;">&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-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:7.5pt;">Contractual cash flows</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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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-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:7.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">6&nbsp;</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-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:7.5pt;">&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-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:7.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">7&nbsp;</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-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:7.5pt;">&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-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:7.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">8&nbsp;</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-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:7.5pt;">&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-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:7.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">9&nbsp;</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-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:7.5pt;">&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-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:7.5pt;">2020 and thereafter</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:7.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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 lang=IN style="font-size:7.5pt;">December 31, 2015</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Trade and other payables</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:7.5pt;">&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 lang=IN style="font-size:7.5pt;">14,284</font></p>
  </td>
 <td valign=bottom 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:7.5pt;">&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 lang=IN style="font-size:7.5pt;">(14,284</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(14,284</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&nbsp;</font></b></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:7.5pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&nbsp;</font></b></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:7.5pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&nbsp;</font></b></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:7.5pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Accrued expenses</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:7.5pt;">&nbsp;</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:7.5pt;">8,</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">247&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.5pt;">&nbsp;</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:7.5pt;">(8,</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">247&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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(8,</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">247&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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">-</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:7.5pt;">&nbsp;</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:7.5pt;">-</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:7.5pt;">&nbsp;</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:7.5pt;">-</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:7.5pt;">&nbsp;</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:7.5pt;">-</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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Loans and other borrowings</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:7.5pt;">&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:7.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom 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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Bank loans</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:7.5pt;">&nbsp;</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:7.5pt;">18,964</font></p>
  </td>
 <td valign=bottom 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:7.5pt;">&nbsp;</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:7.5pt;">(23,760</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:7.5pt;">)</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:7.5pt;">(5,182</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:7.5pt;">)</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:7.5pt;">(4,339</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:7.5pt;">)</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:7.5pt;">(8,780</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:7.5pt;">)</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:7.5pt;">(2,037</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:7.5pt;">)</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:7.5pt;">(3,422</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:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Bonds and notes</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:7.5pt;">&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 lang=IN style="font-size:7.5pt;">9,548</font></p>
  </td>
 <td valign=bottom 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:7.5pt;">&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 lang=IN style="font-size:7.5pt;">(20,919</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(1,032</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(1,012</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(1,008</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(1,226</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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(16,641</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 lang=IN style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Obligations under finance
  leases</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:7.5pt;">&nbsp;</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:7.5pt;">4,580</font></p>
  </td>
 <td valign=bottom 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:7.5pt;">&nbsp;</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:7.5pt;">(6,069</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:7.5pt;">)</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:7.5pt;">(1,027</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:7.5pt;">)</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:7.5pt;">(991</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:7.5pt;">)</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:7.5pt;">(888</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:7.5pt;">)</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:7.5pt;">(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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(2,363</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:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Two-step loans</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:7.5pt;">&nbsp;</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 lang=IN style="font-size:7.5pt;">1,520</font></p>
  </td>
 <td valign=bottom 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:7.5pt;">&nbsp;</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 lang=IN style="font-size:7.5pt;">(1,791</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(293</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(282</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(247</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(219</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 lang=IN style="font-size:7.5pt;">)</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 lang=IN style="font-size:7.5pt;">(750</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 lang=IN style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=16% 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:7.5pt;">Total</font></b></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:7.5pt;">&nbsp;</font></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:7.5pt;">57,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">1</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">43&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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:7.5pt;">&nbsp;</font></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:7.5pt;">(75,070</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:7.5pt;">)</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:7.5pt;">(30,065</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:7.5pt;">)</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:7.5pt;">(6,624</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:7.5pt;">)</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:7.5pt;">(10,923</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:7.5pt;">)</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:7.5pt;">(4,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">282&nbsp;</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:7.5pt;">)</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:7.5pt;">(23,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">176&nbsp;</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:7.5pt;">)</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:53.85pt;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:9.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:53.85pt;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;">The difference between the carrying
amount and the contractual cash flows is interest value.</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:1.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;margin-bottom:0in;margin-left:1.0in;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="background:white;margin-bottom:0in;margin-left:1.0in;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="background:white;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=X-NONE style="font-size:1.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; CAPITAL MANAGEMENT</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The capital structure of the Group is
as follows:</font></p>

<p style="background:white;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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=31% 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;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=34% 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;">March
  31, 2016</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td colspan=3 valign=bottom width=33% 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;">December
  31, 2015</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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;">&nbsp;</font></b></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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=17% 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;">Portion</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">Amount</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">Portion</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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;">Short-term debts</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">409</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">0.36%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">602</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">0.55%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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;">Long-term debts</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">34.555</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">30.15%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">34,010</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">30.99%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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;">Total debts</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">34.964</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">30.51%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">34,612</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">31.54%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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;">Equity attributable to owners of the parent company</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">79.653</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">69.49%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">75,136</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% 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;">68.46%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=31% 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;">Total</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">114.617</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:10.0pt;">100%</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">109,748</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">100.00%</font></b></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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><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;">Group&#8217;s&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> objectives when managing capital are to safeguard the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group&#8217;s&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Periodically, the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 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 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> will consider buying back its shares of stock or paying
dividend to its stockholders. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In addition to complying with loan
covenants, the Group 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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Debt-to-equity ratio (comparing net
interest-bearing debt to total equity) is a ratio, which is monitored by
management to evaluate the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group&#8217;s&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> capital structure and review the
effectiveness of the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8217;s debts. The </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> monitors its debt levels to ensure the debt-to-equity
ratio complies with or is below the ratio set out in its contractual borrowings
arrangements and that such ratio is comparable or better than that of regional
area entities in the telecommunications industry. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;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 style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="font-size:10.0pt;">120</font></p>

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</DIV>
<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 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: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;">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=IN 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=IN style="font-size:10.0pt;">For the Three Months Period Ended March
31, 2016 and 2015 (unaudited)</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 expressed in 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 style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

</div>

<p align=left style="background:white;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=EN-US style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; CAPITAL MANAGEMENT</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><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;">Group</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8217;s debt-to-equity ratio as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016 and December 31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=58% 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=IN style="font-size:10.0pt;">&nbsp;</font></b></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;"><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="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;">March
  31, 2016</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=IN 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 lang=IN style="font-size:10.0pt;">December
  31, 2015</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=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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
  interest-bearing debts</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;"><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;padding: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;">34.964</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 lang=IN style="font-size:10.0pt;">34,612</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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;">Less</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">:&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">
  cash and cash equivalents</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;"><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="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;">(35.737</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 lang=IN style="font-size:10.0pt;">(28,117</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>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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 debts</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;"><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;padding: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;">(773</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;">6,495</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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 equity
  attributable to owners of the parent company</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;"><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="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;">79.653</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 lang=IN style="font-size:10.0pt;">75,136</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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 debt-to-equity
  ratio</font></b></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;"><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;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;">-0.97%</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;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;">8.64%</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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As stated in Notes 1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8</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;">19&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 2</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;">, the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Group&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is required to maintain a certain debt-to-equity ratio
and debt service coverage ratio by the lenders. For </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the three months period ended March
31, 2016 and for the year </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, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
the Group has complied
with the externally imposed capital requirements.</font></p>

<p style="background:white;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="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">40</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; SUPPLEMENTAL CASH FLOWS INFORMATION</font></b></p>

<p style="background:white;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="background:white;margin-bottom:0in;margin-left:.25in;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:10.0pt;">&#160;&#160; The non-cash investing activities for
the years ended </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">March 31, 2016 and
2015</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> are as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#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:.25in;width:96.52%;">
 <tr>
  <td valign=bottom width=58% 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=top 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=top 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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">201</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="background:#c6d9f1;padding:0in 0in 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;">Acquisition of property and
  equipment credited to:</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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:10.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Trade
  payables</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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;">4.885</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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;">4,640</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=58% 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:-.3in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Obligations
  under finance leases</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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;">164</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% 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;">24</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">4</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">SUBSEQUENT
EVENTS</font></b></p>

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

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:33.6pt;text-align:justify;text-indent:-15.4pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">a.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On April 12, 2016, Sigma
together with PT Sigma Metrasys Solution and PT Sigma Solusi Integrasi (Sigma&#8217;s
subsidiaries) signed a facility agreement with PT Bank DBS Indonesia with total
maximum facility is US$20 billion.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:33.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:33.6pt;text-align:justify;text-indent:-15.4pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On April 19, 2016, Telkom Infratel
signed approval of credit agreement amounting to Rp124,3 billion.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:33.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:33.6pt;text-align:justify;text-indent:-15.4pt;vertical-align:baseline;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c.</font><font color=windowtext face="times new roman" lang=IN style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On April 19, 2016, Telkomsel signed
an overdraft facility agreement with BNI amounting to Rp3,000 billion.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;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:8.0pt;">&nbsp;</font></p>



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