<SEC-DOCUMENT>0001001807-16-000066.txt : 20161026
<SEC-HEADER>0001001807-16-000066.hdr.sgml : 20161026
<ACCEPTANCE-DATETIME>20161025212700
ACCESSION NUMBER:		0001001807-16-000066
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20161025
FILED AS OF DATE:		20161026
DATE AS OF CHANGE:		20161025

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:		161951371

	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>fsenglish_q32016.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 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
October, 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;"> October 25, 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/ Harry M. Zen</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;">Harry M. Zen</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;">Director of Finance</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 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 September 30, 2016 and
for the </font><font color=windowtext face=eyinterstate lang=EN-US style="font-size:13.0pt;">nine</font><font color=windowtext face=eyinterstate lang=IN style="font-size:13.0pt;">-month 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 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="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 PESEROAN (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 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="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 SEPTEMBER 30</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 </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NINE</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-MONTH PERIOD THEN ENDED(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>

<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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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>

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  <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>
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  <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=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></p>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="arial bold" style="font-size:10.0pt;">&nbsp;</font></b></p>
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  <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 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 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>
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<tr>
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  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#CSPLOC"><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>
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  <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>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="arial bold" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
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  <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>
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  <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>
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  <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>
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<tr>
  <td valign=top width=80% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#CSOCIE"><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=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;">3-4</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="arial bold" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
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  <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>
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  <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>
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  <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>
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<tr>
  <td valign=top width=80% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#CSOCF"><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=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;">5</font></p>
  </td>
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  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face="arial bold" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
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  <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>
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  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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<tr>
  <td valign=top width=80% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><a href="#NTTCFS"><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=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;">6-116</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 bold" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
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</table></div>









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<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font style=""><font face=arial,sans-serif style=""><i><font face=arial,sans-serif lang=IN style="font-size:8.0pt;">These consolidated financial statements are originally

issued in Indonesian language</font></i></font></font></i></p>



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





</DIV>
<p align=center style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PERUSAHAAN PERSEROAN
(PERSERO)</font></b></p>

<p align=center style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk AND 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 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;">September 30, 2016 (unaudited) and
December 31, 2015 (audited)</font></b></p>

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

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><a name=CSFP></a><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></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: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 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 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;">September 30, 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=left style="margin-bottom: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=center style="margin-bottom:0in;margin-left: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;">December 31, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2015&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:#b8cce4;padding:0in 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:8.0pt;">ASSETS</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=1% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=1% style="background:#b8cce4;padding:0in 0in 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=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 style="font-size:8.0pt;">CURRENT ASSETS</font></b></p>
  </td>
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  <p align=center style="margin-bottom:0in;margin-left: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>
 <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 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 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 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 style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 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;">Cash and cash equivalents</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">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 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 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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">28,852</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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><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;">117&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Other current financial
  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;">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 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 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=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=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;">3,429</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;">2,818</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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 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;">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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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,5,15,16,25,32,38</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">10,790</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</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;">872&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Inventories - net of
  provision forobsolescence</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;">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=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=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;">867</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=IN style="font-size:8.0pt;">528</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 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;">Advances and prepaid
  expenses</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5,099</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</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;">839&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Claim for tax refund</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;">2t,27</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: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 style="font-size:8.0pt;">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;"><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;">66</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 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;">Prepaid taxes</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">2t,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">27&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3,181</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2,672</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">A</font><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:8.0pt;">ssets held for sale</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;">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;"><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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">64</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 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;">Total Current Assets</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">52,371</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">47,912</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;"><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=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=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;"><font color=windowtext face=Arial,sans-serif lang=FR 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=FR 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;"><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:#b8cce4;padding:0in 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;">Long-term investments</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,866</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">807&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Property and equipment -
  net ofaccumulated 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=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=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;">109,985</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=FI style="font-size:8.0pt;">103</font><font color=windowtext face=Arial,sans-serif 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 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;">Prepaid pension benefit
  cost</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">807</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">331&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Advances and other
  non-currentassets</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=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: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 style="font-size:8.0pt;">8,279</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=FI style="font-size:8.0pt;">7</font><font color=windowtext face=Arial,sans-serif 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 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;">Claims for tax refund - net
  of current portion</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">934</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 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=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=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;">2,990</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=FI style="font-size:8.0pt;">3</font><font color=windowtext face=Arial,sans-serif 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 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;">Deferred tax assets &#8211; net</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">230</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 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=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: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;">125,091</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;">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:#b8cce4;padding:0in 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:8.0pt;">TOTAL ASSETS</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;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 valign=bottom width=16% style="background:#b8cce4;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;">177,462</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;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;">166,1</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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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></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=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=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;"><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:#b8cce4;padding:0in 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:8.0pt;">CURRENT LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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=top width=1% style="background:#b8cce4;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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 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;">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="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=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=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;">14,894</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 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;">14</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;">284&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:#b8cce4;padding:0in 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;">Taxes payable</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3,928</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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><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;">273&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Accrued 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=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&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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">10,765</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=FI style="font-size:8.0pt;">8</font><font color=windowtext face=Arial,sans-serif 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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 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;">Unearned income</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">2r,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5,736</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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><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;">360&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Advances from customers and
  suppliers</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,32</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: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 style="font-size:8.0pt;">523</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=IN style="font-size:8.0pt;">805</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 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;">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 style="font-size:8.0pt;">urrent
  maturities of long-term liabilities</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">4,946</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Total 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 style="font-size:8.0pt;">&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: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;">40,792</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 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;">35,413</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 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:9.0pt;">NON-CURRENT LIABILITIES</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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=top width=1% style="background:#b8cce4;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=FR style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 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;">Deferred tax liabilities &#8211;
  net</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=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=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;">1,510</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=IN style="font-size:8.0pt;">2</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;">110&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:#b8cce4;padding:0in 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;">Other liabilities</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">316</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Long service award
  provisions</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;">2s,31</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: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 style="font-size:8.0pt;">477</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=IN style="font-size:8.0pt;">501</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 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;">Pension benefits and other
  post-employment benefits</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">4,319</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 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="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">,32,38&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;"><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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">27,697</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 lang=FI style="font-size:8.0pt;">30</font><font color=windowtext face=Arial,sans-serif 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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 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;">Total Non-current
  Liabilities</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">34,319</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">37,332</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">TOTAL 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 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 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;">75,111</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">72,745</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=50% style="background:#b8cce4;padding:0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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=top width=1% style="background:#b8cce4;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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 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="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">1c,18</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: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 style="font-size:8.0pt;">5,040</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;">5,040</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 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;">Additional paid-in capital</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">2d,2v,19</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">4,931</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2,935</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Treasury stock</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;">2v,20</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: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 style="font-size:8.0pt;">(2,541</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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;">(3,804</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 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;">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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">1d,2d,2f,2u,21</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">296</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">508</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Retained earnings</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;">29</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: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 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=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 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;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Appropriated</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">15,337</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">15,337</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="font-size:8.0pt;">Unappropriated</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;">&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=FI 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;">60,556</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;">55,120</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=FI style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;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:-.3in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Net equity attributable to:</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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 style="font-size:8.0pt;">Owners of the Parent
  Company</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=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=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;">83,619</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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 style="font-size:8.0pt;">75,136</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Non-controlling Interests</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">2b,17</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">18,732</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">18,292</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">TOTAL 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 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 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">102,351</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">93,428</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=50% style="background:#b8cce4;padding:0in 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:8.0pt;">TOTAL LIABILITIES AND
  EQUITY</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;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 valign=bottom width=16% style="background:#b8cce4;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;">177,462</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;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;">166,173</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></sup></p>

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




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


<a name="_bclFooter5"></a><DIV>



 <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;">The

 accompanying notes to the consolidated financial statementsform an integral

 part ofthese consolidated financial statements taken as a whole.</font><font face=arial,sans-serif style="">&nbsp;</font></p>

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

 <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">1</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"></font></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%">

<a name="_bclHeader6"></a><DIV>





<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font style=""><font face=arial,sans-serif style=""><i><font face=arial,sans-serif lang=IN style="font-size:8.0pt;">These consolidated financial statements are originally

issued in Indonesian language</font></i></font></font></i></p>



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





</DIV>
<p align=center style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PERUSAHAAN PERSEROAN
(PERSERO)</font></b></p>

<p align=center style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND 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 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;">For the Nine-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">September 3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016 and 2015 (</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">un</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">audited)&nbsp;</font></b></p>

<p align=center style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US 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:.25in;margin-right:0in;margin-top:0in;text-align:center;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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><a name=CSPLOC></a><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;"><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; &nbsp;</font></b></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: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;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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 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 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:#b8cce4;padding:0in 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:8.0pt;">REVENUES</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">86,188</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">75,759</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(23,621</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(21,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">419&nbsp;</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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;">Depreciation and
  amortization expenses</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2k,2l,2m,2r,9,10,11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(13,357</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(13,504</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2c,2r,2s,13,23,30,31,32</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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(10,054</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(9,207</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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;">Interconnection expenses</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2c,2r,26,32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(2,014</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(2,700</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2c,2g,2r,2t,5,25,32</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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(3,505</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:.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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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;">Marketing expenses</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2r</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(2,616</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(2,170</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</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=EN-AU style="font-size:8.0pt;">(Loss) gain</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(216</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">77</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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:#b8cce4;padding:0in 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;">Other income</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2r,9c</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">905</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">648</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(1,439</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(219</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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:8.0pt;">OPERATING PROFIT</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">30,271</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">23,992</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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: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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,267</font></p>
  </td>
 <td valign=bottom 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: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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">980</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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;">Finance costs</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2c,2r,32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(1,971</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(1,658</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</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 style="font-size:8.0pt;">Share of profit 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">50</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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=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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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:8.0pt;">PROFIT BEFORE INCOME TAX</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">29,617</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">23,320</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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: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><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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=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: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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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=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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Current</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(8,080</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(6,157</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><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:.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;">&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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">632</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">174</font></p>
  </td>
 <td valign=bottom 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(7,448</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(5,983</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><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=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: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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">22,169</font></b></p>
  </td>
 <td valign=bottom 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;"><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=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">17,337</font></b></p>
  </td>
 <td valign=bottom 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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:8.0pt;">OTHER COMPREHENSIVE
  INCOME</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:#b8cce4;padding:0in 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: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 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 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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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;">Foreign currency
  translation</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1d,2b,2f</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(96</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">217</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">13</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(4</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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;">Share of other
  comprehensive income of associated companies </font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 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 style="font-size:8.0pt;">Other comprehensive
  income not 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 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 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:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif 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:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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;">Defined benefit plan
  actuarial gain</font><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:8.0pt;">, </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">net&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:8.0pt;">
  of tax</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2s,30</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&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 style="font-size:8.0pt;">Other comprehensive income
  - net</font></p>
  </td>
 <td valign=bottom width=18% 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;"><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:.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;">&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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(86</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">213</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 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:8.0pt;">TOTAL COMPREHENSIVE
  INCOME FOR THE YEAR</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">22,083</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">17,550</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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: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 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 style="font-size:8.0pt;">
  attributable to:</font></p>
  </td>
 <td valign=bottom width=18% 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;"><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:.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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:.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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:.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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Owners of the parent
  company</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">14,732</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">,545&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&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 style="font-size:8.0pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=18% 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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2b,17</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">7,437</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5,792</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">22,169</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">17,337</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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: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 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 style="font-size:8.0pt;"> attributable to:</font></p>
  </td>
 <td valign=bottom width=18% 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;"><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:.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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:.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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:.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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Owners of the parent
  company</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">14,646</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">11,758</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&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 style="font-size:8.0pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=18% 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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2b,17</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">7,437</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5,792</font></p>
  </td>
 <td valign=bottom 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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">22,083</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">17,550</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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: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><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">BASIC AND DILUTED
  EARNINGS PER SHARE</font></b></p>
  </td>
 <td valign=bottom width=18% 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: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:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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=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: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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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=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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(in full amount)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif 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="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:#b8cce4;padding:0in 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:#b8cce4;padding:0in 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: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 style="font-size:8.0pt;">Net income per share</font></p>
  </td>
 <td valign=bottom width=18% 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;"><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:.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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">149.57</font></p>
  </td>
 <td valign=bottom 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 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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">117.60</font></p>
  </td>
 <td valign=bottom 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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=52% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Net income per ADS (200
  Series B shares per ADS)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">29,913.36</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">23,518.21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

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

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









<a name="_bclFooter6"></a><DIV>



 <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;">The

 accompanying notes to the consolidated financial statementsform an integral

 part ofthese consolidated financial statements taken as a whole.</font><font face=arial,sans-serif style="">&nbsp;</font></p>

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

 <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"></font></font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">2</font><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"></font></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%">

<a name="_bclHeader7"></a><DIV>





<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font style=""><font face="arial italic" style=""><i><font face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are

originally issued in Indonesian language.</font></i></font></font></i><b><font style="">&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;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<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:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND 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</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 </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September </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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016 and 2015 (unaudited)</font></b></p>

<p align=center style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US 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:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><a name=CSOCIE></a><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-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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:.1in;">
  <td valign=bottom width=15% 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;">    </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 valign=bottom width=8% 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=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=13 valign=bottom width=61% 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=#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="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=bottom width=8% 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=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=15% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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=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 lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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=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;"><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;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=bottom width=1% style="border-top:solid windowtext 1.0pt;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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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;"><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;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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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;"><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;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;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=16% 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;">Retained earnings</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=left style="margin-bottom: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=12% 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;"><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="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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=15% 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 lang=IN style="font-size:7.0pt;">Descriptions</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;"><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;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;">Notes</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;"><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;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;">Capitalstock</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;"><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;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;">Additionalpaid-incapital</font></b></p>
  </td>
 <td valign=bottom 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;"><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;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;">Treasurystock</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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 lang=IN style="font-size:7.0pt;">Otherequity</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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 lang=IN style="font-size:7.0pt;">Appropriated</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=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=7% 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 lang=IN style="font-size:7.0pt;">Unappropriated</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% 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 lang=IN style="font-size:7.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% 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 lang=IN style="font-size:7.0pt;">Non-controllinginterests</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% 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 lang=IN style="font-size:7.0pt;">Totalequity</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=15% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Balance, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">January 1</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">, 201</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">6&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;height:.1in;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=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5,040</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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;">935&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(3,8</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">04&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">508</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">55,120</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">75,136</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">,292&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">93,428</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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=bottom width=15% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Investment in
  subsidiaries</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:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="height:.1in;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;"><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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
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  </td>
 <td valign=bottom width=7% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;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="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">71</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">71</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><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=15% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Acquisition of non-controlling
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  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;height:.1in;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;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:7.0pt;">1d</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
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 <td valign=bottom width=8% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">-</font></p>
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 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(129</font></p>
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 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=7% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=12% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(129</font></p>
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  <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;">)</font></p>
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 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">)</font></p>
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<tr style="height:.1in;">
  <td valign=bottom width=15% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Cash dividends</font></p>
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  <p align=center style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2w,28</font></p>
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 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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;">
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 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=7% style="height:.1in;padding:0in 0in 0in 0in;">
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 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
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  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(9,293</font></p>
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<tr style="height:.1in;">
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  <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=EN-AU style="font-size:7.0pt;">Sale of t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">reasury </font><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:7.0pt;">s</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">tock&nbsp;</font></p>
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  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;height:.1in;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;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:7.0pt;">20</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
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  <p style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:7.0pt;">1,996</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1,263</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">3,259</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">3,259</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=15% 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:-.15in;"><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="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="height:.1in;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;"><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="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">14,732</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;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="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">14,732</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">7,437</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">22,169</font></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><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=15% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Other comprehensive
  income</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><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="background:#b8cce4;height:.1in;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;"><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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(83</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;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=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=15% 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:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Balance, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">September&nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">, 2016</font></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="height:.1in;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=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">5,040</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:.15in;margin-right:0in;margin-top:0in;text-align:right;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=8% style="border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">4,931</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;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=8% style="border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(2,541</font></b></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><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;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">296</font></b></p>
  </td>
 <td valign=bottom width=1% 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:-.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=8% style="border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><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="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;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=7% style="border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">60,556</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;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=12% style="border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">83,619</font></b></p>
  </td>
 <td valign=bottom width=1% 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:-.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=8% style="border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18,732</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;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=7% style="border-bottom:double windowtext 2pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">102</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">351&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% 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:-.15in;"><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:-9.0pt;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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;"><sup><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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></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>









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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;">The

accompanying notes to the consolidated financial statementsform an integral

part ofthese consolidated financial statements taken as a whole.</font></p>



<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>



<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>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font style=""><font face="arial italic" style=""><i><font face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are

originally issued in Indonesian language.</font></i></font></font></i><b><font style="">&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;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<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:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND 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="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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016 and 2015 (unaudited)</font></b></p>

<p align=center style="background:white;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US 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:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></sup></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=13 valign=bottom 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=windowtext face=Arial,sans-serif 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 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 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 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 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=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=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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></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=left style="margin-bottom: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=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 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 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;">Capitalstock</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 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;">Additionalpaid-incapital</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 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;">Treasurystock</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;">Otherequity</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 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;">Appropriated</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:7.0pt;text-decoration:none;">&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=left style="margin-bottom: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=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-controllinginterests</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;">Totalequity</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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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,
  201</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">5&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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:#b8cce4;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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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:#b8cce4;padding:0in 0in 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=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">899&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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;">381</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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:#b8cce4;padding:0in 0in 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=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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;">47,995</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=9% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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;">67,816</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">,323&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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;">86,139</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Investments in
  associated entities</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 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=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 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=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 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 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=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 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=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 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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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 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;">&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 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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=7% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=7% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=7% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(8,783</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(8,783</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=7% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(7,830</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=7% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(16,613</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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 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=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=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 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=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 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=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 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 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=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 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=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 style="font-size:7.0pt;">11,545</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">11,545</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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 style="font-size:7.0pt;">5,792</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=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 style="font-size:7.0pt;">17,337</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">213</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=7% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">213</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">213</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Balance, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">September&nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">, 201</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">5&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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></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 style="font-size:7.0pt;">5,040</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>
 <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 style="font-size:7.0pt;">2,899</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>
 <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 style="font-size:7.0pt;">(3,836</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif 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 style="font-size:7.0pt;">594</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>
 <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 style="font-size:7.0pt;">15,337</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>
 <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 style="font-size:7.0pt;">50,757</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=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 style="font-size:7.0pt;">70,791</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 style="font-size:7.0pt;">16,294</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>
 <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 style="font-size:7.0pt;">87,085</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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>

<p style="margin-bottom:0in;margin-left:9.0pt;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:14.0pt;">&#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=EN-US style="font-size:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;">&#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:14.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </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:8.0pt;">The

accompanying notes to the consolidated financial statementsform an integral

part ofthese consolidated financial statements taken as a whole.</font></p>



<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>



<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>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND SUBSIDIARIES</font></b></p>

<p align=center style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.7pt;text-align:center;text-indent:1.4pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
STATEMENT OF CASH FLOWS
</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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><a name=CSOCF></a><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-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;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=bottom width=50% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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=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="padding:0in 0in 0in 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;">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="padding:0in 0in 0in 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=50% style="background:#b8cce4;padding:0in 0in 0in 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;">CASH FLOWS FROM
  OPERATING ACTIVITIES</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 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="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Cash receipts of revenues from:</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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: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;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;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:8.0pt;">Customers</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">78,776</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">68,888</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=50% 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:8.0pt;">Other operators</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">4,802</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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;">2,379</font></p>
  </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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif 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 style="font-size:8.0pt;">revenues&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">83,578</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">71,267</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Interest income received</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">1,268</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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="padding:0in 0in 0in 0in;">
  <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;">969</font></p>
  </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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Cash payments for expenses</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(25,966</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(24,181</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Cash payments to employees</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">(9,035</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</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:8.0pt;">(8,760</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Payments for corporate and final income
  taxes</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(7,369</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(6,080</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Payments for interest costs</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">(2,144</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</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:8.0pt;">(1,804</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Payments for value added taxes - net</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">(1,049</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Other</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;"> cash</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> (payments) receipts
  - net</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(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: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;">(189</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=50% style="background:#b8cce4;padding:0in 0in 0in 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 cash provided by
  operating activities</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 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="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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:8.0pt;">39,029</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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:8.0pt;">31,310</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% style="padding:0in 0in 0in 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;">CASH FLOWS FROM
  INVESTING ACTIVITIES</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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=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:8.0pt;">&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:8.0pt;">&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 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: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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Proceeds from sale of property and
  equipment</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">735</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">313</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Placements in time deposits and assets
  available-for-sale</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">(772</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</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:8.0pt;">(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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Proceeds from insurance claims</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">103</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Dividends received from associated company</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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:8.0pt;">&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:8.0pt;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&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:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Acquisition of property and equipment</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">(21,200</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(18,136</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Acquisition of intangible assets</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(812</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</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:8.0pt;">(1,003</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">(</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Increase</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">)decrease </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">in advances for
  purchases of property and equipment</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">(975</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(319</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Acquis</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">i</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">tion of </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">non-controlling
  interest</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1d</font></p>
  </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=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;">(176</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</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 style="font-size:8.0pt;">-</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">Acquisition of </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">long-term
  investments</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">Decrease in advances and other assets</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">416</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 0in 0in 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 cash used in
  investing activities</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 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="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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:8.0pt;">(22,690</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:8.0pt;">(19,218</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding: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>
<tr>
  <td valign=bottom width=50% style="padding:0in 0in 0in 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;">CASH FLOWS FROM
  FINANCING ACTIVITIES</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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=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:8.0pt;">&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:8.0pt;">&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 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: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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Proceeds from loans</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> and other </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:8.0pt;">borrowings&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">15,16</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">4,102</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">18,370</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Treasury stock</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif 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: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=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;">3,253</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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:8.0pt;">-</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">61</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Cash dividends paid to the Company&#8217;s
  stockholders</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(9,293</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</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:8.0pt;">(8,783</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Cash dividends paid to non-controlling
  interests of subsidiaries</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(7,058</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(6,288</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Repayments of loans and other borrowings</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">15,16</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(6,377</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 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;">(7,835</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=50% style="background:#b8cce4;padding:0in 0in 0in 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 cash used in
  financing activities</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 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="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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:8.0pt;">(15,312</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:8.0pt;">(4,527</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding: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>
<tr>
  <td valign=bottom width=50% style="padding:0in 0in 0in 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 INCREASE IN CASH
  AND CASH EQUIVALENTS</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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=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:8.0pt;">1,027</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=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 lang=IN style="font-size:8.0pt;">7,565</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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
  CASH EQUIVALENTS</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 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="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 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;">(292</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">1,027</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=50% style="padding:0in 0in 0in 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;">CASH AND CASH EQUIVALENTS
  AT BEGINNING OF PERIOD</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">28,117</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=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;"><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="padding:0in 0in 0in 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=50% style="background:#b8cce4;padding:0in 0in 0in 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;">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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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:8.0pt;">28,852</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">26,264</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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>
</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:12.0pt;text-decoration:none;">&nbsp;</font></sup></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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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;">&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 statementsform an integral
part ofthese consolidated financial statements taken as a whole</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>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><a name=NTTCFS></a><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.</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;">GENERAL&nbsp;</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>

<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: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;">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 commerciallyin 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: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;">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: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 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&nbsp;latest&nbsp;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 latestamendment 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: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;">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>

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





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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><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: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
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 thoselicenses. 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:9.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.22%;">
 <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 lang=FR style="font-size:9.0pt;">License</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FR style="font-size:9.0pt;">License No.</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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:9.0pt;">Type of services</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=FR style="font-size:9.0pt;">Grant date/latest </font></b><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">renewal date</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License
  to operate as internet service provider</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=29% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="background:#b8cce4;padding:0in 0in 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;">April 7, 2011</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=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:9.0pt;">License
  to operate data communication system services</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 0in 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;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></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 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;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">June 6, 2011</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License
  to operate network access point</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=29% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">331/KEP/M.KOMINFO/09/2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">Internet connection
  services</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="background:#b8cce4;padding:0in 0in 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;">September 24, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=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:9.0pt;">License
  to operate internet telephone services for public purpose</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=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:9.0pt;">ITKP 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;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">March30, 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;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 network</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=29% style="background:#b8cce4;padding:0in 0in 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;">839/KEP/
  M.KOMINFO/05/2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="background:#b8cce4;padding:0in 0in 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;">May 16, 2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=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:9.0pt;">License
  to operate fixed international network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 0in 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;">846/KEP/
  M.KOMINFO/05/2016</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></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 style="font-size:9.0pt;">Fixed international
  and basic telephone services network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">May 16, 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;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License
  to operate fixed closed network</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=29% style="background:#b8cce4;padding:0in 0in 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;">844/KEP/
  M.KOMINFO/05/2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=20% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="background:#b8cce4;padding:0in 0in 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;">May 16, 2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=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:9.0pt;">License
  to operate circuit switched based local fixed line network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="padding:0in 0in 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;">948/KEP/
  M.KOMINFO/05/2016</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></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 style="font-size:9.0pt;">Circuit Switched
  based local fixed line network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">May 31, 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;"><font color=windowtext face=arial,sans-serif 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=EN-US 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></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:.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:.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:.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:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:1.0pt;">&nbsp;</font></p>





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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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: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=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 </font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">by notarial deed No.50 of Ashoya
Ratam, S.H., MKn., dated on April 22, 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;">Annual
General Meeting (&#8220;AGM&#8221;) of Stockholders of the Company as covered </font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">by notarial deed No.26 of
Ashoya Ratam, S.H., MKn., dated on April 17, 2015, </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
compositionof the Company&#8217;s Board of Commissioners and Directors as of September
30</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016
andDecember</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:53.85pt;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;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:2.0pt;">&nbsp;</font></i></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.86%;">
 <tr>
  <td valign=bottom width=34% style="padding:0in 0in 0in 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=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 style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</font></b><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=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=bottom width=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">President Commissioner</font></p>
  </td>
 <td valign=bottom width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Hendri Saparini</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Commissioner</font></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;"><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=bottom width=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Commissioner</font></p>
  </td>
 <td valign=bottom width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Commissioner</font></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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Pontas Tambunan</font></p>
  </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;">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;"><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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Independent Commissioner</font></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;"><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;"><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;">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;"><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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Independent Commissioner</font></p>
  </td>
 <td valign=bottom width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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=34% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">President Director</font></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;"><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;"><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;">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;"><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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Director of Finance</font></p>
  </td>
 <td valign=bottom width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Harry Mozarta Zen</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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=34% 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 Digital and Strategic Portfolio</font></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;"><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;"><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;">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;"><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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=31% style="background:#b8cce4;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;">-</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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=34% 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=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;">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;"><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;">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;"><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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=34% 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=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;">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=bottom width=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Director of Consumer Services</font></p>
  </td>
 <td valign=bottom width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=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=FR style="font-size:7.0pt;">*On September 9, 2016,
Muhammad Awaluddin was appointed as Director of PT Angkasa Pura II. Based on
Board of Directors&#8217; decision No. 33/REG/IX2016 dated September 13, 2016,
Honesti Basyir as Director of Wholesale and International Service was appointed
to act as Director of Enterprise and Business Service.</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:.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: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 composition of the Company&#8217;s Audit
Committee and the Corporate Secretary as of September 30</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">6&nbsp;</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;">December 31 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">5, were 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:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:88.78%;">
 <tr>
  <td valign=bottom width=29% style="padding:0in 0in 0in 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=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;">30 September</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 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>
 <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:10.0pt;">31 Desember</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 2015</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="background:#b8cce4;padding: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;">Chairman</font></p>
  </td>
 <td valign=bottom width=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding: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=35% style="background:#b8cce4;padding: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;">Rinaldi
  Firmansyah</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% 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;">Secretary</font></p>
  </td>
 <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 style="font-size:10.0pt;">Tjatur Purwadi</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=35% 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;">Tjatur
  Purwadi</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="background:#b8cce4;padding: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;">Member</font></p>
  </td>
 <td valign=bottom width=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding: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=35% style="background:#b8cce4;padding: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;">Parikesit
  Suprapto</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% 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;">Member</font></p>
  </td>
 <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 style="font-size:10.0pt;">Dolfie Othniel Fredric Palit</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=35% 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;">Dolfie
  Othniel Fredric Palit</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="background:#b8cce4;padding: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;">Member</font></p>
  </td>
 <td valign=bottom width=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Sarimin Mietra Sardi</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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=35% style="background:#b8cce4;padding: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;">-</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% 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;">Member</font></p>
  </td>
 <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:10.0pt;">Pontas Tambunan</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=35% 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;">-</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=1% style="background:#b8cce4;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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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>
 </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: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;"><font color=windowtext face=Arial,sans-serif lang=FR 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; *The changes of Audit Committee are based on
Board of Commissioners&#8217; decision No. 09/KEP/DK/2016 dated July 27, 2016.</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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<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&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.&#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;">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: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;">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: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;">As of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">September 30, 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;">
24,332</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">employees and 24,785
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: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;">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: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 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&nbsp;the Government. On November 14, 1995, 933,333,000 new
Series B shares and 233,334,000&nbsp;Series B shares owned by the Government
were offered to the public through an IPO and listed on the Indonesia Stock
Exchange (&#8220;IDX&#8221;) and 700,000,000&nbsp;Series&nbsp;B shares owned by the
Government were offered to the public and listed on the New York Stock Exchange
(&#8220;NYSE&#8221;) and the London Stock Exchange (&#8220;LSE&#8221;), in the form of American
Depositary Shares (&#8220;ADS&#8221;). There were 35,000,000 ADS and each ADS represented
20&nbsp;Series B shares at that time.</font></p>

<p style="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;">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: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;">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: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;">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: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;">At the AGM of Stockholders of the
Company held on July 30, 2004, the minutes of which are covered by notarial
deed No. 26 of A. Partomuan Pohan, S.H., LLM., the Company&#8217;s stockholders
approved the Company&#8217;s 2-for-1 stock split for Series A Dwiwarna and Series B
share. The Series A Dwiwarna share with par value of Rp500 per share was split
into 1 Series A Dwiwarna share with par value of Rp250 per share and 1 Series B
share with par value of Rp250 per share. The stock split resulted in an
increase of the Company&#8217;s authorized capital stock from 1 Series A Dwiwarna
share and 39,999,999,999 Series B shares to 1 Series A Dwiwarna share and
79,999,999,999 Series B shares, and the issued capital stock from 1 Series A
Dwiwarna share and 10,079,999,639 Series B shares to 1 Series A Dwiwarna share
and 20,159,999,279 Series B shares. After the stock split, each ADS represented
40 Series B shares.</font></p>

<p style="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;">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&#8217;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=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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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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;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="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 deedNo. 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 September</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;">0</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 38,220,877 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;">OnJune 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</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> which </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">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=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;">On June 29, 2016, the Company has sold
the shares of treasury stock phase IV (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: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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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;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;">d.&#160;&#160; Subsidiaries</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=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;">As of September30</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016 and</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> December 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;">, 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;"><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;"><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;"><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;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

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  </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 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=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;">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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<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: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=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;">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=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;">September 30</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;"> 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=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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</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;"> 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>
 </tr>
<tr>
  <td valign=top width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;text-indent:-9.15pt;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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;">1995</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">86,141</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=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;">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="padding:0in 0in 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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;text-indent:-9.15pt;"><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="padding:0in 0in 0in 0in;">
  <p align=right style="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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1998</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;">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=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;">10,907</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: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;">8,563</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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-1.65pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">May 17, 2001</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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;">1995</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">9,9</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">27&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=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;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Telecommunication/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;"><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=right style="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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><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: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;">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=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;">6,836</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: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;">5,604</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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;text-indent:-9.0pt;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">4,995</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=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;">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;">), </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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;text-indent:-9.15pt;"><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=right style="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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><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: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;">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 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=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;">4,297</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: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;">3,581</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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">)</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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;text-indent:-9.15pt;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:7.0pt;">1995</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">3,383</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=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;">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><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">, </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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;text-indent:-9.15pt;"><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=right style="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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><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: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;">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;">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=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;">937</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=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;">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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">)</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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;text-indent:-9.15pt;"><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></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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;">1996</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">453</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=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;">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;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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.15pt;text-align:left;text-indent:-9.15pt;"><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=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;">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=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;">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=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;">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: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;">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 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:.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 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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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: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;">&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: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;">(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;">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=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:91.52%;">
 <tr>
  <td valign=bottom width=21% style="padding:0in 0in 0in 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: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=22% style="padding:0in 0in 0in 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: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="padding:0in 0in 0in 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: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=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;">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=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;">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;"><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;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=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;">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=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;">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=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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</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;"> 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=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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</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;"> 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=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><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:#b8cce4;padding:0in 0in 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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;text-indent:-12.75pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Information technology service &#8211; system implementation
  and integration service, outsourcing and software license maintenance/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:1.95pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">May 1,1987</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 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;">1988</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">4,992</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><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=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;">Telecommunication/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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=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;">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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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=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;">2,653</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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><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:#b8cce4;padding:0in 0in 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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;text-indent:-12.75pt;"><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/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">September
  22,1999</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 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;">1984</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2,100</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><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=22% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;text-indent:-12.75pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Service for property development and management/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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=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;">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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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=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;">1,635</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><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:#b8cce4;padding:0in 0in 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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 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;">2012</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">758</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><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=22% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;text-indent:-12.75pt;"><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=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;">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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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=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;">670</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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(&#8220;</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">MD
  Media</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8221;), Jakarta, Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;text-indent:-12.75pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Directory information services/January 22, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=12% style="background:#b8cce4;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;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Telekomunikasi Indonesia International Ltd.,</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Hong
  Kong</font></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=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;">Telecommunication/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">December
  8, 2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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=12% 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;">2010</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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=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;">393</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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">326</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 Investama (&#8220;</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">MDI</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8221;) previously PT
  Metra Media, Jakarta, Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;text-indent:-12.75pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Trading and/or providing service related to information
  and tehnology multimedia, entertainment and investment/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">January
  8, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=12% style="background:#b8cce4;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;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">PT Nusantara Sukses Investasi (&#8221;</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">NSI</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8221;), Jakarta,
  Indonesia</font></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=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;">Service and trading/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:1.95pt;"><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: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=12% 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;">2014</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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 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=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;">250</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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">165</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;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>
 </tr>
<tr>
  <td valign=top width=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 Administrasi Medika</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(&#8220;</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Ad
  Medika</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8221;), Jakarta, Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;text-indent:-12.75pt;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=12% style="background:#b8cce4;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;">2002</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">160</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">PT Graha Yasa Selaras (&#8220;</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">GYS</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8221;), Jakarta, Indonesia</font></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=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;">Tourism service/April 27, 2012</font></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=12% 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;">2012</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">51</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;">51</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;">177</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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">160</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Telekomunikasi Indonesia Internasional Pty Ltd. (&#8220;</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Telkom
  Australia</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8221;), Australia</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:1.95pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">January 9, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=12% style="background:#b8cce4;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;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">175</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">PT MetraNet (&#8220;</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Metranet</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8221;), Jakarta, Indonesia</font></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=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;">Multimedia portal service/</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">April
  17, 2009</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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=12% 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;">2009</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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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 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=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;">87</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=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;">66</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 Plasa</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(&#8220;</font><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Metra
  Plasa</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&#8221;), Jakarta, Indonesia</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:12.75pt;text-align:left;text-indent:-12.75pt;"><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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=12% style="background:#b8cce4;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;">2012</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=21% style="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:7.0pt;">PT Sarana Usaha</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 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:0in;margin-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=22% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:12.75pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-12.75pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Health services,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> medicine services includingpharmacies,
  laboratories and other health caresupport/</font></p>
  <p align=left style="margin-bottom:0in;margin-left:12.75pt;margin-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 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=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:7.0pt;">2008</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:0in;margin-bottom:.0001pt;text-align:right;"><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: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;">75</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;">65</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=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;">49</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: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=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;">&nbsp;</font></b></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.
&#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: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)</font></i></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=DE 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:93.1%;">
 <tr>
  <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=21% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif 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 colspan=3 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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;"><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=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 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&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 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;"><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;">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;"><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 style="font-size:7.0pt;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</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;">
  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 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 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;"><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 style="font-size:7.0pt;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</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;">
  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 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;">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;"><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=21% style="background:#b8cce4;padding:0in 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 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 lang=IN style="font-size:7.0pt;">Jakarta,
  Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=21% style="background:#b8cce4;padding:0in 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;">Satellite services/</font></p>
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-1.45pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">March 25, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;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=21% 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 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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:9.35pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.35pt;"><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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">2008</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=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;">51</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;">51</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;">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: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 style="font-size:7.0pt;">18</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>
 </tr>
<tr>
  <td valign=top width=21% style="background:#b8cce4;padding:0in 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><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:9.35pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.35pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Building and hotel
  management service, and other services/</font></p>
  <p align=left style="margin-bottom:0in;margin-left:9.35pt;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 1, 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">)</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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.35pt;text-align:left;text-indent:-9.0pt;"><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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;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=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;">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="padding:0in 0in 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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.35pt;text-align:left;text-indent:-9.35pt;"><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="padding:0in 0in 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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><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=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="padding:0in 0in 0in 0in;">
  <p align=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=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;">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 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 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>
 </tr>
<tr>
  <td valign=top width=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">)</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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.35pt;text-align:left;text-indent:-9.35pt;"><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:#b8cce4;padding:0in 0in 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>
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">99,83</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;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:-.25in;"><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; &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:6.0pt;">&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 Metraacquired 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;">850 shares of TelkoMedika (equivalent
to 75% ownership) with acquisition cost </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">amounting
to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp69.5
billion. TelkoMedika engaged in health </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">procurement
and medicinal services</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
including the establishment of pharmacies, hospital, clinic, or </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">other healthcare support.</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:6.0pt;">&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;">Based on notarial deed Utiek
Rochmuljati Abdurachman, S</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;">H., M</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;">LI, M</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;">Kn.,
No. 10,11,12,13</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,14 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">dated May 25, 2016, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Metra purchased 2,000 shares of PT.
Administrasi Medika (Admedika) from the non-controlling interest equivalent to
25% ownership amounting to Rp139 billion.</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=#777777 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;&#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 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">not</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">arial </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">eed
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">No.09 dated December 18,
2015 of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Utiek
Rochmuljati Abdurachman, S</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;">H., M</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;">LI, M</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;">Kn.,
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">approved by MoLHR through
its decision letter </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">No.
AHU-AH.01.03-09904427</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
dated December 22, 2015, Sigma </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">purchased
55% </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ownershipin&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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:6.0pt;">&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: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=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:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On May 29, 2015, Telkom USA and Pachub Acquisition Co
entered into an agreement and plan of merger with AP Teleguam Holdings, Inc.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In June 2016, the agreement related to
the mergerwas terminated.</font></p>

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

<p style="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:.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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The consolidated financial statements
were</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> prepared and</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">approved for issuanceby the
Board of Directors on </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">October24</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016.</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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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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</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:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The consolidated financial statements </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">of the Company and subsidiaries (collectively
referred to as &#8220;the Group&#8221;) have been </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">prepared in accordance with Financial Accounting
Standards (&quot;S</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">tandar
Akuntansi Keuangan&#8221; or &#8220;S</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">AK&quot;)
in</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">cluding</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Indonesia</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">n Statement of Financial Accounting
Standards </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(&quot;P</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ernyataan </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;">tandar
</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;">kuntansi </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">K</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">euangan</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&quot;&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> or &#8220;PSAK&#8221;</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 interpretation of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Financial
Accounting Standards (&quot;I</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">nterpretasi
</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;">tandar </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;">kuntansi
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">K</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">euangan</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&quot;&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> or &#8220;ISAK&#8221;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)
in Indonesia published by the Financial Accounting Standards Board </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">of Indonesian Institute of A</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ccountant&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and Regulation </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">No. VIII.G.7 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;of the Capital Market and Financial
Institution Supervisory Agency (&#8220;Bapepam-LK&#8221;) </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">regarding the Presentation and
Disclosure of Financial Statements of</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
Issuers or</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Public
Companies, enclosed in the</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
decision</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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:6.0pt;">&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: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 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: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 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: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;">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:6.0pt;">&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:6.0pt;line-height:97%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><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:6.0pt;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=windowtext 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:6.0pt;line-height:97%;">&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:10.0pt;">b.</font></b><b><font color=windowtext face="times new roman" lang=IN 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;">Principles of
consolidation</font></b></p>

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

<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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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: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;">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: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;">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: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;">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:6.0pt;">&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:6.0pt;">&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; 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:6.0pt;">&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: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 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:6.0pt;">&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:6.0pt;">&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;">d. &#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: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;">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 proportionateshare
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="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;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>

<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=EN-US style="font-size:8.0pt;">These
consolidated financial statements are originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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: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; 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: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;">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: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;">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: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 a business combination
achieved in stages, the acquirer remeasures its previously held equity interest
in theacquiree at its acquisition-date fair value and recognizes the resulting
gain or loss, if any, in profit or loss.</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;"><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: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;">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: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;">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: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;">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: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;">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:10.0pt;">&nbsp;</font></b></p>





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</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_21"></a><a name="_bclPageBorder21"></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 face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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;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: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: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;">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: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 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:6.0pt;">&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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 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:6.0pt;">&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&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> adjustment&#8221; in the equity section of
the consolidated statements of financial position.</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: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;">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: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;">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:.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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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;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: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;">h.&#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: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;">Inventories consist of
components, which are subsequently expensedupon 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, which are expensed upon sale.</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 costs of inventories
consist 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: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;">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: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 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: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;">Provision for obsolescence is
primarily based on the estimated forecast of future usage of these inventory items.</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;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: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;">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: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;">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: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;">Assets (or disposal
groups) are classified as held for sale when their carrying amount is to be
recovered principally through a sale transaction rather than through continuing
use and a sale is considered highly probable. They are stated at the lower of
carrying amount and fair value less costs to sell.</font></p>

<p style="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;">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>

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





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 <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="display:none;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">18</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif style="">&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_23"></a><a name="_bclPageBorder23"></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 face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;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: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;">k.&#160;&#160; Intangible
assets (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="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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.36%;">
 <tr>
  <td valign=top width=91% 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=8% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Years</font></u></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=top width=91% style="background:#b8cce4;padding: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;">Software</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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=91% 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;">License</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 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=top width=91% style="background:#b8cce4;padding: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;">Other
  intangible assets</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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;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;"><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;">tatements 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: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;">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: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 are stated at
costless 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: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;">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: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,
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:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.36%;">
 <tr>
  <td valign=bottom width=91% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=8% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Years</font></u></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=91% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=8% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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=91% style="padding:0in 0in 0in 0in;">
  <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=8% style="padding:0in 0in 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;">2-15</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=91% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=8% style="background:#b8cce4;padding:0in 0in 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;">3-15</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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=91% style="padding:0in 0in 0in 0in;">
  <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=8% style="padding:0in 0in 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=91% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=8% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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=91% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Satelite, earth station and equipment</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 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=91% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=8% style="background:#b8cce4;padding:0in 0in 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;">5-25</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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=91% style="padding:0in 0in 0in 0in;">
  <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=8% style="padding:0in 0in 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=91% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=8% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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=91% style="padding:0in 0in 0in 0in;">
  <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 telecommunication peripherals</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 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=91% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=8% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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=91% style="padding:0in 0in 0in 0in;">
  <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=8% style="padding:0in 0in 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=91% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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 Premisses Equipment (&#8220;CPE&#8221;) Asset</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 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;">4-5</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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=91% style="padding:0in 0in 0in 0in;">
  <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=8% style="padding:0in 0in 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="padding: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: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;">Significant expenditures related to
leasehold improvements are capitalized and depreciated over the lease term.</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: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 </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;">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 align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>


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<p align=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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;"><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;">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;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
standbyequipment that are expected to be used for more than 12&nbsp;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: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;">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;">tatements
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: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;">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: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 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;">tatements
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: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 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: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;">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: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;">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: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;">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: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:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US 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>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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;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: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;">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: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;">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: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; 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: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; 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: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;">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: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; 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;">tatements 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: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; 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:6.0pt;line-height:97%;">&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;">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: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 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.
Ltd., Singapore, Telekomunikasi Indonesia International Inc., USA 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 are 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 statements of financial position dates,
monetary assetsand liabilitiesdenominated in foreign currencies are translated
into Indonesian rupiah based on the buy and sell rates quoted by Reuters
prevailing at the consolidated statements of financial position dates,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:4.0pt;line-height:97%;text-decoration:none;">&nbsp;</font></p>

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 <tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif 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;">September 30, </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 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-bottom:0in;margin-left: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=left style="margin-bottom: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=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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 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 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-bottom:0in;margin-left: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 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=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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">13,047</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">13,055</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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: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=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:10.0pt;">9,930</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=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:10.0pt;">9,938</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=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: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 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;">10,092</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">14,590</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">14,601</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:10.0pt;">Yen 1</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:10.0pt;">129.13</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;"><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-bottom:0in;margin-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;">129.24</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=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: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 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;">114.56</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;line-height:97%;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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: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: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;line-height:97%;">q.&#160;&#160; Foreign
currency translations (continued)</font></b></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:6.0pt;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%;">tatements
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&nbsp;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:6.0pt;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: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%;">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:6.0pt;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:6.0pt;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:6.0pt;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 installationsare
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:6.0pt;line-height:97%;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><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: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;">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:6.0pt;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: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=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:6.0pt;">&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:6.0pt;">&nbsp;</font></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


</font></b>
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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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:6.0pt;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:7.0pt;line-height:97%;">&nbsp;</font></b></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: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=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 equipments 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: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=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: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=#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-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: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;">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.&#160; </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: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;">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=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: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 are
recognized as they are incurred.</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:6.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></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;">s.&#160;&#160; Employee
benefits</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:7.0pt;">&#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;"><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; 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:6.0pt;">&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 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="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>


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<p align=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="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 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 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;">s.&#160;&#160; Employee
benefits (continued)</font></b></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:left;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size: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;">ii.&#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 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 net obligations in respect of the
defined pension benefit plans and post-retirementhealth 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:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.55pt;text-align:justify;"><font color=windowtext 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 are 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=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:53.55pt;text-align:justify;"><font color=windowtext 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 reclassified 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: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=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:6.0pt;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:6.0pt;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;"><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;">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><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:10.0pt;">&nbsp;</font></b></p>





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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&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;">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:4.0pt;">&nbsp;</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: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=EN-US style="font-size:4.0pt;">&nbsp;</font></i></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:2.0pt;">&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 (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:4.0pt;">&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: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;">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; 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:4.0pt;">&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:4.0pt;">&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:4.0pt;">&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:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=black 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:.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 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:4.0pt;">&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;">esare </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: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;">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: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 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: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 carrying amount of deferred tax
asset is reviewed at the end of each reporting period and reducedto the extent
that it is no longer probable that sufficient taxable income 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: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;">Deferred tax assets and
liabilities are offset in the consolidated statements 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: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;">Amendment to taxation 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;">yearprofit
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:4.0pt;">&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;"> is 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 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>





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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;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 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: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 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=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 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 investment or (iv) available-for-sale financial assets. The
classification depends on the purpose for which the financial assets are
acquired. Management determines the classification of financial assets at
initial recognition.</font></p>

<p style="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;">Purchases or sales of
financial assets that require delivery of assets within a time frame
established by regulation or convention in the marketplace (regular way trades)
are recognized on the trade date, i.e., the date that the Group commits 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: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&#8217;s financial
assets include cash and cash equivalents, other current financial assets, trade
receivables and other receivablesand 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: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;">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: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;">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;">tatements 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</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 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: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;">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: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
consist of, among other assets, 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: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;">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: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;">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:5.0pt;">&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: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;">No financial assets were
classified as held-to-maturity financial assets as of September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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:10.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;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: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 </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:3.0pt;">&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:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:3.0pt;">&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 primaly consist of mutual funds, and corporate and government bonds, 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</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 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: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
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 statements 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: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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:left;text-indent:-.5in;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ii.</font><font color=black 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 </font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:left;"><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;">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: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; &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 and
interest-bearing loans and other borrowings</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, and other liabilities.
Interest-bearing</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> l</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">oans 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:3.0pt;">&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: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;">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:3.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">No financial liabilities were
categorized as held for trading as of September 30, 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: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;">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: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;">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 aretrade </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, and interest-bearing loans</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and other borrowings, and&#160; other
liabilities. Interest-bearing 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=EN-US style="font-size:3.0pt;">&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:3.0pt;">&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
statementof 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:3.0pt;">&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;&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;&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;&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:78.3pt;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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;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-bottom:0in;margin-left:.5in;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: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;">u.&#160;&#160; Financial
instruments (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;"><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:.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:5.0pt;">&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: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;">For financial instruments
not traded in an active market, the fair value is determined using appropriate
valuation techniques. Such techniques may includeusing 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: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;">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: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;">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 </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></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=IN style="font-size:5.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><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:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 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&nbsp;</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 has 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: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;">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 Companyshares
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;"><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;">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
and diluted 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 pershare is
computed by dividing profit for the year attributable to owners of the parent
company by the weighted average number of shares outstanding during the year.
Income per ADS is computed by multiplying the 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;"><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;">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;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;">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;"><font color=#212121 face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<b><font face="times new roman" lang=EN-US style="font-size:11.0pt;"><br clear=all>


</font></b>
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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_34"></a><a name="_bclPageBorder34"></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 face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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="margin:0in;margin-bottom:.0001pt;text-align:left;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">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: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:4.0pt;">&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;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:.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: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;">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 as part of &#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: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;">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:4.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.2pt;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;">. 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: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;">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;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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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:4.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.2pt;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;">. Critical Accounting Estimates and
Judgementsand Assumptions (continued)</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: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;">i.&#160;&#160;&#160; Retirement
benefits</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:4.0pt;">&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;">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: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;">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: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;">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></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: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;">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;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;">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:4.0pt;">&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 reviews its 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 changes in ecpectation of 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:4.0pt;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:4.0pt;">&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 and other 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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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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:2.0pt;">&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;">3</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#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:4.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:97.08%;">
 <tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=24% 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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">, 2016</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 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 colspan=3 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: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 style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 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 colspan=3 valign=bottom width=24% 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;">Balance</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 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 colspan=3 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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Currency</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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=2% 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=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;">Rupiah equivalent</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 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=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;">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=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;">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 style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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=SV style="font-size:8.0pt;">Cash on hand</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">45</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">Cash in banks</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=2% 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:8.0pt;">&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;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Related parties</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=2% style="background:#b8cce4;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 valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=top width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=top width=1% style="background:#b8cce4;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=38% 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=SV style="font-size:8.0pt;">PT Bank Mandiri (Persero) Tbk</font></p>
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.75pt;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">(&#8220;Bank Mandiri&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,127</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">672</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">49</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">642</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">51</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">707</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">JPY</font></p>
  </td>
 <td valign=top width=2% 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=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;">7</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</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:8.0pt;">&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:8.0pt;">1</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">EUR</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=1% style="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">HKD</font></p>
  </td>
 <td valign=top width=2% 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=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;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">1</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">AUD</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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>
 </tr>
<tr>
  <td valign=bottom width=38% 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=SV style="font-size:8.0pt;">PT Bank Negara Indonesia (Persero) Tbk
  (&#8220;BNI&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">493</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">508</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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">4</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">56</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">299</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">EUR</font></p>
  </td>
 <td valign=top width=2% 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=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;">5</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">70</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</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:8.0pt;">&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:8.0pt;">72</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">SGD</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;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=bottom width=38% 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=SV style="font-size:8.0pt;">PT Bank Rakyat Indonesia (Persero) Tbk
  (&#8220;BRI&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">84</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">140</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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">7</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">96</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">155</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=38% 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=SV style="font-size:8.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% 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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">14</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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% 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=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;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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 style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">0</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=bottom width=38% style="background:#b8cce4;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=SV style="font-size:8.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2,591</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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: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=SV style="font-size:8.0pt;">577&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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=DE style="font-size:8.0pt;">Third parties</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;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=SV style="font-size:8.0pt;">Standard Chartered Bank (&#8220;SCB&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% 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=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;">43</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">561</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">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:8.0pt;">&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:8.0pt;">430</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">SGD</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">14</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">130</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;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=bottom width=38% 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=SV style="font-size:8.0pt;">The Hongkong and Shanghai
  BankingCorporation Ltd. (&#8220;HSBC&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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;">14</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">181</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=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:8.0pt;">&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:8.0pt;">110</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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-4.5pt;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">HKD</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=1% style="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">SGD</font></p>
  </td>
 <td valign=top width=2% 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=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;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">6</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=bottom width=38% style="background:#b8cce4;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=SV style="font-size:8.0pt;">Development Bank of Singapore</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="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=SV style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">99</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV 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:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</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=bottom width=38% style="background:#b8cce4;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;">Citibank, N.A. (&#8220;Citibank&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">40</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">103</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">37</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">26</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">EUR</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;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=bottom width=38% 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;">PT Bank MuamalatIndonesia Tbk</font></p>
  <p align=left style="margin-bottom:0in;margin-left:.45in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.75pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(&#8220;Bank Muamalat&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=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:8.0pt;">&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:8.0pt;">61</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=bottom width=38% style="background:#b8cce4;padding:0in 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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">373</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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=SV style="font-size:8.0pt;">Others (each below Rp75 billion)</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">165</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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;">98</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">74</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">SGD</font></p>
  </td>
 <td valign=top width=2% 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=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;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=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;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=right style="margin-bottom:0in;margin-left: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=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;">-</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">EUR</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">AUD</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">13</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">TWD</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=1% style="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">MYR</font></p>
  </td>
 <td valign=top width=2% 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=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;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=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;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">0</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">HKD</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">MOP</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=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</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">0</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=bottom width=38% style="background:#b8cce4;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=SV style="font-size:8.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,301</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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: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=SV style="font-size:8.0pt;">278&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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=SV style="font-size:8.0pt;">Total cash in banks</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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=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;">3,892</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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=SV style="font-size:8.0pt;">3,855</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=bottom width=38% style="background:#b8cce4;padding:0in 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;">Time deposits</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 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=2% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=top width=2% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=top width=2% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Related parties</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;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;">Bank Mandiri</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,863</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">78</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">69</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=bottom width=38% style="background:#b8cce4;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;">BRI</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3,307</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,831</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">68</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">891</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">201</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:8.0pt;">&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:8.0pt;">2,763</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=bottom width=38% style="background:#b8cce4;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;">BNI</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,634</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3,031</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=38% 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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% 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=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">59</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">773</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">9</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=bottom width=38% style="background:#b8cce4;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;">PT Bank Tabungan Negara(Persero) Tbk (&#8220;Bank
  BTN&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3,365</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">885</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=38% 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=SV style="font-size:8.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% 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=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;">15,419</font></p>
  </td>
 <td valign=top width=2% 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=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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=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;">12,45</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1&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=SV style="font-size:8.0pt;">&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: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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<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US 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=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;">.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:5.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:9.0pt;width:98.54%;">
 <tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 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="padding:0in 0in 0in 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=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">, 2016</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif 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: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=38% style="padding:0in 0in 0in 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="padding:0in 0in 0in 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=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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 lang=IN style="font-size:8.0pt;">Balance</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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:8.0pt;">&nbsp;</font></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: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=2% 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:8.0pt;">&nbsp;</font></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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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:8.0pt;">(in millions)</font></b></p>
  </td>
 <td valign=bottom width=2% 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:8.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rupiah equivalent</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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: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:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:8.0pt;">Time deposits
  (continued)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=38% 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:8.0pt;">Third parties</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;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;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:8.0pt;">PT Bank Pembangunan
  DaerahJawa Barat dan Banten (&#8220;BJB&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,712</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">1,884</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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: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 lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">10</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">130</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">138</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=bottom width=38% style="background:#b8cce4;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:8.0pt;">Bank Permata</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">1,846</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">1,692</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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: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 lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">9</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin: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=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin: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=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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</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=bottom width=38% style="background:#b8cce4;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:8.0pt;">PT Bank UOB
  Indonesia (&#8220;UOB&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">1,250</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 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;">300</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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:8.0pt;">PT Bank Mega Tbk
  (&#8220;Bank Mega&#8221;)</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 lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">864</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1,265</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=bottom width=38% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">49</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">70</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">960</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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:8.0pt;">PT Bank OCBC NISP
  Tbk(&#8220;OCBC NISP&#8221;)</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 lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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 lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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 lang=IN style="font-size:8.0pt;">700</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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 lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">950</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;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:8.0pt;">PT Bank CIMB Niaga
  Tbk</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.75pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(&#8220;Bank CIMB Niaga&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">579</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">,605&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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:8.0pt;">PT Bank Tabungan
  PensiunanNasional Tbk (&#8220;BTPN&#8221;)</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 lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">359</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin: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 style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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 lang=IN style="font-size:8.0pt;">146</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=bottom width=38% style="background:#b8cce4;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:8.0pt;">PT Bank Bukopin
  Tbk(&#8220;Bank Bukopin&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">358</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</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;">173&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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: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 lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">55</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">759</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=bottom width=38% style="background:#b8cce4;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:8.0pt;">PT Bank Muamalat
  Indonesia, Tbk</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.75pt;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">(&quot;Bank
  Muamalat&quot;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 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;">269</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">142</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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: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;">US$</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">65</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin: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=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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</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=bottom width=38% style="background:#b8cce4;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:8.0pt;">PT Bank Maybank
  Indonesia</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.9pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(&#8220;Bank Maybank&#8221;)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">154</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding: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:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 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;">25</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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:8.0pt;">SCB</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;">Rp</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 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=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=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin: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=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">550</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=bottom width=38% style="background:#b8cce4;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:8.0pt;">Others (each below
  Rp75 billion)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=2% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">18</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 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;">212</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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: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;">US$</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 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=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=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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;">26</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin: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=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=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;">-</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=bottom width=38% style="background:#b8cce4;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:8.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">9,4</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">96&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding: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:8.0pt;">11,801</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=38% 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:8.0pt;">Total time deposits</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 lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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 lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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 lang=IN style="font-size:8.0pt;">24,915</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=SV 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 lang=IN style="font-size:8.0pt;">24,25</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2&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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;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:8.0pt;">Grand Total</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;">28,852</font></b></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;">28,117</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:5.0pt;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;">Interest rates per annum
on time deposits are as follows:</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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.32%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif 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;">September</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 style="font-size:10.0pt;">0</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 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=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif 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=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rupiah</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">2.75%-10.00%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Foreign currencies</font></p>
  </td>
 <td valign=bottom 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 lang=IN style="font-size:10.0pt;">0.10%-2.25%</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=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: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:22.05pt;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:.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: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=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=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 style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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=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: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=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-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=IN 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:96.76%;">
 <tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 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=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;">September</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> 3</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">, 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:8.0pt;">&nbsp;</font></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: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=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=30% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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;">&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:8.0pt;">&nbsp;</font></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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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:8.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 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;">Currency</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=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;">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: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: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=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 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: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;">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: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: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=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 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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Time deposits</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">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 style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Bank Mandiri</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">20</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">278</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV 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 lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV 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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV 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 lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV 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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">SCB</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">11</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">UOB</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:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size: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 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: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=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:8.0pt;">13</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Total time deposits</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">13</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">289</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Available-for-sale
  financial assets</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 style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Related
  parties</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">State-owned
  enterprises</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:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size: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 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: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=12% style="padding:0in 0in 0in 0in;">
  <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;">54</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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:8.0pt;">4</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">59</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">27</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">29</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV 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 lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">81</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV 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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">88</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=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>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Third
  parties</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">1,088</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">72</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Total
  available-for-sale financial assets</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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV 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 lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">1,169</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV 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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">160</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Escrow accounts</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2,121</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding: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:8.0pt;">2,121</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">&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:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size: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 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: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=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <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;">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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">97</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">192</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size: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 lang=IN style="font-size:8.0pt;">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:8.0pt;">&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:8.0pt;">22</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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:8.0pt;">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:8.0pt;">&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:8.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">AUD</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">7</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">14</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding: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=SV style="font-size:8.0pt;">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 lang=SV style="font-size:8.0pt;">&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=SV 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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">&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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">3,429</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:8.0pt;">&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 lang=SV style="font-size:8.0pt;">&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=SV 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;">2,818</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:8.0pt;">&nbsp;</font></b></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:4.0pt;">&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: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=IN style="font-size:10.0pt;">The majority of escrow accounts
represent Telkomsel&#8217;s account in BNI, in relation to theConditional Business Transfer
Agreement</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;">CBTA</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8221;)&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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:22.05pt;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:97.28%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><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;">September</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 style="font-size:10.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">,&nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=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=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif 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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">0,83%-1,11%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:22.05pt;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><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;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>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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=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="background:white;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:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.3%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif 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;">September</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 style="font-size:10.0pt;">0</font></b><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=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=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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">14,114</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Provision for impairment of
  receivables</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(3,905</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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;">(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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">10,209</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Other receivables</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">585</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Provision for impairment of
  receivables</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Net</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">581</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">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=61% style="background:#b8cce4;padding: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=19% style="background:#b8cce4;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;">10,790</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding: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=19% style="background:#b8cce4;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:#b8cce4;padding: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:22.05pt;margin-right:0pt;margin-top:0in;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:27.0pt;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;"><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;">&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&#160;&#160;&#160;&#160;&#160;&#160;&#160; </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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:88.54%;">
 <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:solid windowtext 1.0pt;padding:0in 0in 0in 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;">September</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 style="font-size:10.0pt;">0</font></b><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 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 style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">628</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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 lang=IN style="font-size:10.0pt;">Indonusa</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;">38</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1&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=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;">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=57% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">357</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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 lang=IN style="font-size:10.0pt;">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 style="font-size:10.0pt;">2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">86&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=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;">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=57% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,6</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">52&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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 lang=IN style="font-size:10.0pt;">Provision
  for impairment of receivables</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;">(194</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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;">(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=57% style="background:#b8cce4;padding: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=21% style="background:#b8cce4;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;">1,4</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">58&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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-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=EN-US style="font-size:2.0pt;">&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: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: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; 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="background:white;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:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:88.54%;">
 <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:solid windowtext 1.0pt;padding:0in 0in 0in 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;">September</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 style="font-size:10.0pt;">0</font></b><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;"><sup><font color=windowtext face=Arial,sans-serif 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=center 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 style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=57% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">11,1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">90&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">Overseas
  international carriers</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;">1,272</font></p>
  </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=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;">1,194</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">12,462</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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 lang=IN style="font-size:10.0pt;">Provision
  for impairment of receivables</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;">(3,711</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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;">(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=57% style="background:#b8cce4;padding: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=21% style="background:#b8cce4;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;">8,7</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">51&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=21% style="background:#b8cce4;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;">6,413</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:22.05pt;margin-right:0pt;margin-top:0in;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:22.05pt;margin-right:0pt;margin-top:0in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:12.0pt;">&nbsp;</font></sup></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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:5.0pt;">&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;">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:6.0pt;">&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="background:white;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:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.22%;">
 <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;">September</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 style="font-size:10.0pt;">0</font></b><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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:12.0pt;">&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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,09</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">7 to 12 months</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;">21</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">8&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: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 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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">34</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,652</font></p>
  </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=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;">1,351</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(194</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;">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;">1,4</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">58&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 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;">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="background:white;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:12.0pt;">&#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;"><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:.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="background:white;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:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.22%;">
 <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;">September</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 style="font-size:10.0pt;">0</font></b><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;"><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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Up to 3 months</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">7,3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">20&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">More than 3 months</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">5,14</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;"><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;">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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">12,462</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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 lang=IN style="font-size:10.0pt;">Provision
  for impairment of receivables</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(3,711</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">8,7</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">51&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 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:22.05pt;margin-right:0pt;margin-top:0in;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: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=IN 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:.75in;width:89.4%;">
 <tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p 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 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:9.0pt;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></b><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 style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 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: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: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=36% style="padding:0in 0in 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=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Gross</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size: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;">Provision for
  impairment of receivables</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size: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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Gross</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&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:10.0pt;">Provision for impairment
  of receivables</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Not past due</font></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6,076</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">123</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4,353</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">266</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Past due up to 3
  months</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 style="font-size:10.0pt;">2,161</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=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;">254</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=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;">2,235</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=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;">202</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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Past due more than 3
  to 6 months</font></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,435</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">488</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">216</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Past due more than 6
  months</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 style="font-size:10.0pt;">4,442</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=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">3,040</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=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;">3,394</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=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;">2,364</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=36% style="background:#b8cce4;padding:0in 0in 0in 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=14% style="background:#b8cce4;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;">14,114</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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;">3,905</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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;">10,565</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:.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; &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 September</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;line-height:95%;">
3</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">0</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;line-height:95%;">, 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%;">Rp4,256 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;"><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;"><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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<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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: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 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 &#160;AND OTHER 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: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;">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: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)&#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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.2%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;">September</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 style="font-size:10.0pt;">0</font></b><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;"><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
  3</font></b><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;">, 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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,634</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">U.S. dollar</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">18</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">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;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,652</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Provision for
  impairment of receivables</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(194</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(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 style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">1,4</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">58&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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="background:#b8cce4;padding:0in 0in 0in 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:22.05pt;margin-right:0pt;margin-top:0in;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: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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.22%;">
 <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;">September</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 style="font-size:10.0pt;">0</font></b><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;"><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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">11,199</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">U.S. dollar</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,227</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>
 <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;">1,436</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">34</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">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>
 <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;">3</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">12,462</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Provision for
  impairment of receivables</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(3,711</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(2,801</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 style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">8,7</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">51&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;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;">6,413</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:22.05pt;margin-right:0pt;margin-top:0in;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-bottom:0in;margin-left:35.7pt;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;">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;">Movements in the
provision for impairment of receivables </font></p>

<p style="background:white;margin-bottom:0in;margin-left:37.1pt;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.22%;">
 <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;">September</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 style="font-size:10.0pt;">0</font></b><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: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=center 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 style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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 period (Note 25)</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;">856</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;"><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 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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;">3,904</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;"><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;">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;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:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></sup></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:6.0pt;">&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: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;">As of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016, certain trade receivables of the subsidiaries amounting to R</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">p4,451</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">billion&nbsp;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: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;">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;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></i></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.32%;">
 <tr>
  <td valign=bottom width=61% 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;text-decoration:none;">&nbsp;</font></sup></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;">September</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 style="font-size:10.0pt;">0</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=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=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=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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Components</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">SIM cards, set top
  boxes, and blank prepaid vouchers</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">229</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">263</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">941</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Provision for
  obsolescence</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Components</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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;"><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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(74</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">867</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=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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: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;">Movements in the
provisionfor obsolescence are as follows:</font></p>

<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:6.0pt;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:96.32%;">
 <tr>
  <td valign=bottom width=61% 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;text-decoration:none;">&nbsp;</font></sup></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;">September</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 style="font-size:10.0pt;">0</font></b><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 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=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=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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Beginning balance</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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=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;">33</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;"><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=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</font></p>
  </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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Inventory
  write off</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Ending balance</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">74</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;"><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=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;">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;"><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;"><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;">The inventories recognized
as expense and included in operations, maintenance, and telecommunication
service expenses as of September</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;">0</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;">amounted to Rp1,539 billion and Rp1,450billion,
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: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;">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: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;">Certain inventories of the
Company&#8217;s subsidiaries amounting to Rp268billion 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</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
16b 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: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;">As of September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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 Rp219billion, 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 September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
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;">Rp220billion&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and Rp291 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=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;">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;"><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;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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<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:.5in;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:96.32%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif 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;">September</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 style="font-size:10.0pt;">0</font></b><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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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=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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,722</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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=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;">1,300</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;"><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;">2,935</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;"><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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">611</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Salaries</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;">398</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=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;">347</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;"><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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Advance to employee</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">936</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=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;">7</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">45&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;"><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=61% style="background:#b8cce4;padding:0in 0in 0in 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=19% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5,099</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;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=top width=1% style="background:#b8cce4;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>
 </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:.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: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;">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: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:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:95.6%;">
 <tr>
  <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=13 valign=bottom width=80% 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;">September 30, 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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 </font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">o</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">fownership&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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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 lang=IN style="font-size:7.0pt;">Beginningbalance</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:7.0pt;">&nbsp;</font></sup></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;">Additions</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;">(Deductions)</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:7.0pt;">&nbsp;</font></sup></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;">Share ofnet (loss) profit of associatedcompany</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:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% 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=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=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;">Translation</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:7.0pt;">&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 lang=IN style="font-size:7.0pt;">Endingbalance</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=20% style="background:#b8cce4;padding:0in 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=top width=10% style="background:#b8cce4;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:#b8cce4;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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=20% 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;">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 style="font-size:7.0pt;">24.65</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=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;">1,404</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 style="font-size:7.0pt;">&nbsp;</font></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 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;">7</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-bottom:0in;margin-left:0in;margin-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=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 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)</font></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;">(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 lang=IN style="font-size:7.0pt;">)</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;">1,454</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="background:#b8cce4;padding:0in 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;">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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">20.00</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:.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;">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;">51.00</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;">&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;">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 style="font-size:7.0pt;">&nbsp;</font></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 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=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;">(26</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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 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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">45</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="background:#b8cce4;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><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">51.00</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">64</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">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 style="font-size:7.0pt;">49.00</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;">&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;">40</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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 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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">40</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="background:#b8cce4;padding:0in 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;">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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:.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><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 style="font-size:7.0pt;">25.00</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;">&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 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=9% 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=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;">&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:7.0pt;">&nbsp;</font></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 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=9% 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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Sub-total</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1,824</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><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="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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 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=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 style="font-size:7.0pt;">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 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=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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 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=9% 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=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;">42</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="background:#b8cce4;padding:0in 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;">Total
  Long-term investments</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=13% style="background:#b8cce4;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;">1,807</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;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;">32</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=14% style="background:#b8cce4;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;">50</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=8% style="background:#b8cce4;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;">(23</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=9% style="background:#b8cce4;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:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=17% style="background:#b8cce4;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;">1,866</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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>
</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: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: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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:95.22%;">
 <tr>
  <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;"><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 lang=IN style="font-size:7.0pt;">Tiphone*</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=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 lang=IN style="font-size:7.0pt;">Indonusa</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;">Teltranet</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;">Melon</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;">ILCS</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;">TelinMalaysia</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;">CSM*</font></b><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-bottom: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=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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,sans-serif lang=IN style="font-size:7.0pt;">Statements of financial position</font></i></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% 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;">6,374</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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 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;">55</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">186</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">127</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">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 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;">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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=22% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">749</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">444</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">84</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% 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 lang=IN style="font-size:7.0pt;">(</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1,123&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: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;">(797</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">(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;">(79</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size: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;">(65</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">(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=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=22% style="background:#b8cce4;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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;">3,058&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(276</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% 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:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,942</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(345</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">88</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">126</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">82</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(16</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">(860</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% style="background:#b8cce4;padding:0in 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 lang=IN style="font-size:7.0pt;">Statements of profit or loss andother comprehensive </font></i><i><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">income&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% 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;">12,886</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">455</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">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;">&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;">224</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">64</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">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;"><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;">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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=22% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(12,131</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(505</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(97</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(199</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% 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;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">448&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:7.0pt;">)</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;"><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;">(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;"><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;">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;">&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;">(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=22% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">307</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(68</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% 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;">(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 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;"><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;">17</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% 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;">Other comprehensive income</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> (loss)</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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">11&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:7.0pt;">)</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;"><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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=22% style="background:#b8cce4;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 lang=IN style="font-size:7.0pt;">Total comprehensive income for the year</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">19&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;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;">(50</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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;">(51</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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>
</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: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;"><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 June 30, 2016 and for the
period then ended.</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=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:-18.7pt;"><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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US 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:-18.7pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8.&#160;&#160;&#160; LONG-TERM
INVESTMENTS (continued)</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:2.0pt;">&#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-bottom:0in;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><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:95.08%;">
 <tr>
  <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=13 valign=bottom width=79% 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;">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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Percentage ofownership</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=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;">Beginningbalance</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:7.0pt;">&nbsp;</font></sup></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</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;">(Deductions)</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:7.0pt;">&nbsp;</font></sup></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 associatedcompany</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=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;">Dividend</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=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 lang=IN style="font-size:7.0pt;">Share of other</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;">omprehensiveincome
  of</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">
  a</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">ssociatedcompany&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=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;">Endingbalance</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 style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% style="background:#b8cce4;padding:0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=21% 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;">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=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>
 <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;">1,</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">392&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:7.0pt;">&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;">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 style="font-size:7.0pt;">&nbsp;</font></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><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-bottom:0in;margin-left:0in;margin-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=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;">(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 style="font-size:7.0pt;">)</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;">1,4</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">04&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% style="background:#b8cce4;padding:0in 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;">Indonusa<sup>b</sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">20.00</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=21% 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;">Teltranet<sup>c</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 style="font-size:7.0pt;">51.00</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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 style="font-size:7.0pt;">52</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">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;">&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;">(24</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=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;">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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% style="background:#b8cce4;padding:0in 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;">Melon<sup>d</sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">51.00</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=21% 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;">ILCS<sup>e</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 style="font-size:7.0pt;">49.00</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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 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-bottom:0in;margin-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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">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 style="font-size:7.0pt;">&nbsp;</font></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 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=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;"><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;">40</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=21% style="background:#b8cce4;padding:0in 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;">Telin
  Malaysia<sup>f</sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=21% 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;">CSM<sup>g</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 style="font-size:7.0pt;">25.00</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=9% 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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=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;"><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 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>
 </tr>
<tr>
  <td valign=bottom width=21% style="background:#b8cce4;padding:0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><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="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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 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=9% 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;">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 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=9% 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=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;"><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 style="font-size:7.0pt;">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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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
  long-term investments</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=9% style="background:#b8cce4;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;">1,767</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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;">62</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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;">(2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=9% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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;">(2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=14% style="background:#b8cce4;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;">1,807</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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>
</table></div>

<p style="background:white;margin-bottom:0in;margin-left:31.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </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=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-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=IN 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:95.8%;">
 <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 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=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=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=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=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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face="Times New Roman" 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;">Melon</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: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=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=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=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=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=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=21% style="background:#b8cce4;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:7.0pt;">Statements of
  financial position</font></i></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=21% 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;">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;"><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;">186</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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;">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=21% style="background:#b8cce4;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;">Non-current assets</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">471</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=21% 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;">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;">(850</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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;">(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=21% style="background:#b8cce4;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;">Non-current
  liabilities</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(103</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=21% 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: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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3,070</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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: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:7.0pt;">(296</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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: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:7.0pt;">139</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&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: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="padding:0in 0in 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: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:7.0pt;">82</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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: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:7.0pt;">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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(860</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=21% style="background:#b8cce4;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=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=21% 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;">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;">22,060</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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;">599</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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;">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;">&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;">201</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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;">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=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;">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 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;">164</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=21% style="background:#b8cce4;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;">Operatingexpenses</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(21,295</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(608</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(72</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(184</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(108</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(364</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% 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;">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;">(265</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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;">(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 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;">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 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;">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: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;">(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=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;">(74</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=21% style="background:#b8cce4;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;">Profit (loss) before
  tax</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(46</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(274</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% 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;">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;">(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: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;">(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;"><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;">(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: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;">(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;">)</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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=21% style="background:#b8cce4;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:7.0pt;">Profit (loss) for
  the year</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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:7.0pt;">370</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding: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=11% style="background:#b8cce4;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:7.0pt;">(65</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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:7.0pt;">(47</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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:7.0pt;">14</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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:7.0pt;">3</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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:7.0pt;">(37</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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:7.0pt;">(274</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=21% 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;">Other comprehensive income</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> (loss)</font></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;"><font color=windowtext face="Times New Roman" 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="Times New Roman" style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="Times New Roman" 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="Times New Roman" style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="Times New Roman" 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="Times New Roman" style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="Times New Roman" 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;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="Times New Roman" 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="Times New Roman" style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="Times New Roman" 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="Times New Roman" style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face="Times New Roman" 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="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=21% style="background:#b8cce4;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 lang=IN style="font-size:7.0pt;">Total comprehensive income for the year</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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="Times New Roman" style="font-size:7.0pt;">363</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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="Times New Roman" style="font-size:7.0pt;">(65</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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" style="font-size:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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="Times New Roman" style="font-size:7.0pt;">(47</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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" style="font-size:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;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="Times New Roman" style="font-size:7.0pt;">14</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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="Times New Roman" style="font-size:7.0pt;">3</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;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="Times New Roman" style="font-size:7.0pt;">(37</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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" style="font-size:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;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="Times New Roman" style="font-size:7.0pt;">(274</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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" style="font-size:7.0pt;">)</font></b></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:8.0pt;">&#160;&#160;&#160; &nbsp;</font></p>

<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:1.0pt;">&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 asfor </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=IN style="font-size:4.0pt;">&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 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">September&nbsp;</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=EN-US style="font-size:8.0pt;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">, 2016 and December
31, 2015, the fair value of investment amounting to R</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">p1,132 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">billion and
Rp1,</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">351 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">billion,
respectively. The fair value was calculated by multiplying number of shares by
the published price quotation as of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">September&nbsp;</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=EN-US style="font-size:8.0pt;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">, 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;">645 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">and Rp</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">770&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> per share,
respectively.</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>

<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=FR style="font-size:7.0pt;">&#160;&#160; &nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#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: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;">&#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:27.0pt;width:93.66%;">
 <tr>
  <td valign=bottom width=78% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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: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=78% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Assets</font></p>
  </td>
 <td valign=bottom width=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">7,800</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=78% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Liabilities</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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(4,730</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=78% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Net assets</font></p>
  </td>
 <td valign=bottom width=22% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3,070</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=78% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Group&#8217;s proportionate
  share of net assets (</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">24.65% in
  2015</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)&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:8.0pt;">757</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=78% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Goodwill</font></p>
  </td>
 <td valign=bottom width=22% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">647</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=78% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Carrying amount of
  long-term investment</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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,404</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 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:0in;"><font color=windowtext face=arial,sans-serif lang=FR 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:0in;"><font color=windowtext face=arial,sans-serif lang=FR style="font-size:6.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:3.0pt;">&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=EN-US style="font-size:8.0pt;">&#160;&#160; &nbsp;</font><sup><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&#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; </font></sup><sup><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:4.0pt;">&#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 Indonusaas covered by notarial deed No. 57 dated April 23, 2014
of FX Budi Santoso Isbandi, S.H., which was approved by the MoLHR in its
LetterNo. AHU-02078.40.20.2014 dated April 29, 2014, Indonusa&#8217;s stockholders
approved an increase in its issued and </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></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;">by</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;">dated 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;">ethe </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 Melondue 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>

<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;"><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;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 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:6.0pt;">&#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:96.08%;">
 <tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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-bottom:0in;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;">January 1,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">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><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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:6.0pt;">Additions</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:6.0pt;">&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:6.0pt;">Deductions</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: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-bottom:0in;margin-left: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;">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:6.0pt;">T</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">ranslations&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:6.0pt;">&nbsp;</font></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:6.0pt;">September 30, 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">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><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">At cost</font></b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">:&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Directly acquired assets</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;"><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-bottom:0in;margin-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=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: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 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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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-bottom:0in;margin-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=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: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 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Land rights</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">1,2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">70&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">1,347</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Buildings</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:6.0pt;">6,033</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">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 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-bottom:0in;margin-left:0in;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=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:6.0pt;">385</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">6,428</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Leasehold improvements</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">1,036</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">61</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">38</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">1,128</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Switching equipment</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:6.0pt;">19,823</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">119</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:6.0pt;">(59</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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:6.0pt;">411</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">20,294</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Telegraph, telex and data communication
  equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">876</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">694</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,570</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Transmission installation and equipment</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:6.0pt;">119,047</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">967</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:6.0pt;">(5,045</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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:6.0pt;">8,466</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">123,435</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Satellite, earth station and equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">8,146</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">106</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">8,305</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Cable network</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:6.0pt;">37,887</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">3,399</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:6.0pt;">(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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">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: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 style="font-size:6.0pt;">41,560</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Power supply</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">13,822</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">96</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(45</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">727</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">14,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Data processing equipment</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:6.0pt;">11,351</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">65</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:6.0pt;">(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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">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 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 style="font-size:6.0pt;">12,158</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Other telecommunications peripherals</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">632</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">15</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">647</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Office equipment</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:6.0pt;">1,062</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">119</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:6.0pt;">(5</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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:6.0pt;">26</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">1,202</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Vehicles</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">475</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">52</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">527</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Other equipment</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:6.0pt;">99</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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: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=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: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=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: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=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:6.0pt;">99</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Property under construction</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">4,580</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">13,851</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(12,368</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">6,063</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Assets under finance lease</font></b></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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-bottom:0in;margin-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=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: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 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-bottom:0in;margin-left:0in;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 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-bottom:0in;margin-left:0in;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 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 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 style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Transmission installation and equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">5,940</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">255</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(387</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">5,848</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Data processing equipment</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:6.0pt;">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;"><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-bottom:0in;margin-left:0in;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=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:6.0pt;">(48</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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: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=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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">Office equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">73</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">77</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Vehicles</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:6.0pt;">94</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">48</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:6.0pt;">(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:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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=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:6.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">CPE assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">Power supply</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:6.0pt;">90</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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: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=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: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=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: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=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:6.0pt;">90</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:6.0pt;">RSA assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">252</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">252</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">232,673</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">19,887</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">(5,909)</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">(877)</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">245,774</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=IN 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:95.48%;">
 <tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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 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 lang=IN style="font-size:6.0pt;">January 1, 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Additions</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:6.0pt;">&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 lang=IN style="font-size:6.0pt;">Deductions</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: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-bottom:0in;margin-left: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;">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:6.0pt;">T</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">ranslations&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:6.0pt;">&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:6.0pt;">September 30, 201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">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><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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:6.0pt;">Accumulated depreciation and
  impairmentlosses:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Directly acquired assets</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;"><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=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: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=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: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=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: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=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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Buildings</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">2,141</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">161</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">54</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">2,356</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=38% 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;">Leasehold improvements</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:6.0pt;">623</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">97</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:6.0pt;">(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 lang=IN style="font-size:6.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;">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:6.0pt;">&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:6.0pt;">720</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Switching equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">15,223</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,096</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(59</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">16,255</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">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-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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: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 style="font-size:6.0pt;">&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: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=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: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=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:6.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Transmission installation and equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">63,063</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">7,429</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(4,569</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(282</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">65,641</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">Satellite, earth station and equipment</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:6.0pt;">6</font><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;">706&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 style="font-size:6.0pt;">&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:6.0pt;">240</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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: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=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: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=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:6.0pt;">6,945</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Cable network</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font><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;">524&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,160</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(246</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(431</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">20,007</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">Power supply</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:6.0pt;">9,114</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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:6.0pt;">902</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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: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;">)</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: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=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:6.0pt;">9,959</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Data processing equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">8,503</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,048</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(43</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">9,512</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">Other telecommunications peripherals</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:6.0pt;">385</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">56</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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: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=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: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=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:6.0pt;">441</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Office equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">713</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">92</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">841</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">Vehicles</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:6.0pt;">166</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&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:6.0pt;">52</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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: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=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: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 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-bottom:0in;margin-left:0in;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;">217</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Other equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">99</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">99</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Assets under finance lease</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;"><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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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: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 style="font-size:6.0pt;">&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: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=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: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=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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Transmission installation and equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">2,327</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(387</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">2,380</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">Data processing equipment</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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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:6.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:6.0pt;">(48</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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: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=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:6.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">Office equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">51</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">89</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">Vehicles</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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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:6.0pt;">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 style="font-size:6.0pt;">&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:6.0pt;">(20</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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: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=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:6.0pt;">25</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">CPE assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">Power supply</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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&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:6.0pt;">17</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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: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=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: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=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:6.0pt;">35</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 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;">RSA assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">230</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">240</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% 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;">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-bottom:0in;margin-left:0in;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;">128,973</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">12,872</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(5,424)</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(632)</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">135,789</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=38% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Net Book Value</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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:6.0pt;">103,700</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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 valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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 valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 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:6.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;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:6.0pt;">109,985</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:6.0pt;">&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="Times New Roman" 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="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US 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;"><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 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;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:13.5pt;width:98.0%;">
 <tr>
  <td valign=bottom width=44% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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="padding:0in 0in 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=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;">Additions</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=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;">Deductions</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=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: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="padding:0in 0in 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=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 lang=IN style="font-size:7.0pt;">December</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> 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><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">At cost</font></b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">:&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Directly acquired
  assets</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;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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 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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=left style="margin-bottom:0in;margin-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=44% style="background:#b8cce4;padding:0in 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;">Land rights</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Buildings</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;">4,571</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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 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-bottom:0in;margin-left:0in;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="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">Leasehold
  improvements</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Switching equipment</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;">19,208</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">Telegrap,
  telex and data communication equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Transmission
  installation and equipment</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;">107,573</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">4,278</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">(2,318</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">9,514</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">Satellite,
  earth station and equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Cable network</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;">33,114</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">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="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">Power supply</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Data
  processing equipment</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;">10,242</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">408</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">Other
  telecommunications peripherals</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Office
  equipment</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;">951</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">Vehicles</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Other
  equipment</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;">99</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">&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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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 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-bottom:0in;margin-left:0in;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="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">Property under
  construction</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Assets under finance
  lease</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:7.0pt;">&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:7.0pt;">&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: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=IN 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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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=44% style="background:#b8cce4;padding:0in 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;">Transmission
  installation and equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Data
  processing equipment</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;">102</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">(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 style="font-size:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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 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-bottom:0in;margin-left:0in;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="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">Office
  equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Vehicles</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;">44</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=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: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">94</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">CPE assets</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Power supply</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">90</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=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: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=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;">90</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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>
  <td valign=bottom width=44% style="background:#b8cce4;padding:0in 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;">RSA assets</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=44% 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;">Total</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:7.0pt;">209,718</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">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="padding:0in 0in 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;"><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:13.5pt;width:98.0%;">
 <tr>
  <td valign=bottom width=46% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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, 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><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></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 lang=IN 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-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=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 lang=IN 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-bottom:0in;margin-left:0in;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;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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;">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;">Translations</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=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;">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><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Accumulated
  depreciation and impairmentlosses:</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Directly acquired
  assets</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:7.0pt;">&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:7.0pt;">&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: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=IN 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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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=46% style="background:#b8cce4;padding:0in 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;">Buildings</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1,954</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2,141</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Leasehold improvements</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:7.0pt;">669</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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 style="font-size:7.0pt;">&nbsp;</font></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;">623</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">Switching equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">13,861</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1,441</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">15,223</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Telegraph, telex and
  data communication equipment</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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">-</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 style="font-size:7.0pt;">&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:7.0pt;">-</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=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: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=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</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">Transmission
  installation and equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">54,764</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">10,575</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(2,290</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">63,063</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Satellite, earth
  station and equipment</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:7.0pt;">6,099</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">607</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><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-bottom:0in;margin-left:0in;margin-right: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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></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;">6,706</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">Cable network</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18,762</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1,327</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(225</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(340</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">19,524</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Power supply</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:7.0pt;">7,978</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1,250</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">9,114</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">Data processing
  equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">7,624</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">8,503</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Other
  telecommunications peripherals</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:7.0pt;">322</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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 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-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">385</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">Office equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">659</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">107</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(45</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">713</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Vehicles</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:7.0pt;">113</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;"><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-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">166</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">Other equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Assets under
  finance lease</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:7.0pt;">&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 style="font-size:7.0pt;">&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:7.0pt;">&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 style="font-size:7.0pt;">&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:7.0pt;">&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:7.0pt;">&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: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=IN style="font-size:7.0pt;">&nbsp;</font></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;">&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 style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">Transmission
  installation and equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1,681</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2,327</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Data processing
  equipment</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:7.0pt;">79</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">(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:7.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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 style="font-size:7.0pt;">&nbsp;</font></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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">Office equipment</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">45</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Vehicles</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:7.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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 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-bottom:0in;margin-left:0in;margin-right: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 style="font-size:7.0pt;">&nbsp;</font></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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">CPE assets</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Power supply</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:7.0pt;">-</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 style="font-size:7.0pt;">&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:7.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:7.0pt;">-</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=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: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=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;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 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;">RSA assets</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">217</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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>
  <td valign=bottom width=46% 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;">Total</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:7.0pt;">114,909</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">17,611</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(3,159</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(388</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=9% 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;">128,973</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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>
  <td valign=bottom width=46% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Net Book Value</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;">94,809</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;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;">103,700</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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;"><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:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US 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;"><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 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: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:92.62%;">
 <tr>
  <td valign=bottom width=59% 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;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;">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;">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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">735</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">313</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;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;">Net book value</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;">(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:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(26</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding: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=20% style="background:#b8cce4;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;">718</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">287</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:.5in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></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: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;">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: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-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
ofRp70 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: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-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: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;">In connection with
the restructuring of fixed wireless business (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), 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: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-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=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;">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:6.0pt;">&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 to Rp423 billion and Rp302
billion for the nine-month periods ended September 30, 2016 and 2015,
respectively. The capitalization rate used to determine the amount of borrowing
costs eligible for capitalization ranged from 7.42% to 11.00% and 9.74% to 18.31%for
the nine-month periode ended September 30, 2016 and 2015, respectively.</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:6.0pt;">&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 nine</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-month period</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;"> ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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:0in;margin-bottom:.0001pt;margin-left:58.5pt;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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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 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: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=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 (continued)</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:4.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">For the nine-month
periods ended September 30, 2016 and 2015, the Group received proceeds from the
insurance claim onlost and broken property and equipment, with a total value of
Rp103billion and Rp88 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;">. The proceeds were</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> recorded as
part of &#8220;Other Income&#8221; in the consolidated statement</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 profit or
loss and other comprehensive income. As of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016 dan
2015, the net carrying value</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">sof </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">those assets of R</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">p36 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">billion and
Rp</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">14&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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</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 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:4.0pt;">&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 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;">,
Telkomsel decided to replace certain equipment units with net carrying amount
of Rp90 billion, as part of its modernization program. Accordingly, Telkomsel accelerated
the depreciation of such equipment. F</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">or the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">nine</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-month period ended</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016,the
additional depreciation expense amounted to Rp85 billion.</font></p>

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

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In 2015, Telkomsel decided
to replace certain equipment with a net carrying value amounting to Rp1,967 billion,
as part of a modernization program. Accordingly, Telkomsel accelerated the
depreciation of such equipment. For the nine-month period ended September</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;">0</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;"> amounted to Rp279
billion.</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&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 acceleration of
depreciation of certain equipment units will decrease profit before income tax
in future periods as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:63.8pt;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160; &nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:88.16%;">
 <tr>
  <td valign=bottom width=51% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><u><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Years</font></u></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><u><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Amount</font></u></b></p>
  </td>
 <td valign=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=51% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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(</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> months)</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=46% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">30</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=51% style="padding:0in 0in 0in 0in;">
  <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=top width=2% 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=46% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">30</font></p>
  </td>
 <td valign=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:63.8pt;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;margin-left:58.5pt;margin-right:.2pt;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; In 2014, the useful life of Telkomsel&#8217;s
buildings and transmissionchanged from 20 years to 40 years and from 10 years
to 15 and 20 years, respectively, to reflect the current economic life of the
building and the transmission. For the nine-month periodended September</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;">0</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 reduction in
depreciation amounted to
Rp183 billion. The impact of the changes in the estimated useful life of the
buildings and transmission will increase profit before income tax in future
periods as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:63.8pt;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160; &nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:88.16%;">
 <tr>
  <td valign=bottom width=51% style="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><u><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Years</font></u></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><u><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Amount</font></u></b></p>
  </td>
 <td valign=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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=51% style="background:#b8cce4;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(3 months)</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;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=46% style="background:#b8cce4;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 style="font-size:10.0pt;">61</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=51% style="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=2% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="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 style="font-size:10.0pt;">198</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=51% style="background:#b8cce4;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;">2018</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=46% style="background:#b8cce4;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 style="font-size:10.0pt;">135</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:63.8pt;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:1.25in;text-align:justify;text-indent:-.75in;"><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;&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:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:58.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-3.95pt;"> <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:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:58.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-8.45pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160; 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 Rp446 billion and Rp7 billion,
respectively, and recorded the fiber optic network asset from the exchange
transaction of Rp422 billion and Rp750 billion, respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:63.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-8.45pt;"><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:10.0pt;margin-left:58.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-3.95pt;"> <font color=windowtext face=arial,sans-serif lang=EN-US style="background:white;font-size:10.0pt;">As of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September </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;">0</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="background:white;font-size:10.0pt;">, Telkomsel&#8217;s
equipments with net carrying amount of Rp64 billion will be exchanged with
equipment from Nokia Siemens Network Oy and PT. Huawei Tech Investment,
therefore, these equipments were presented as Assets Held For Sale in the
consolidated statements of financial position.</font></p>

<p style="background:white;margin:0in;margin-bottom:10.0pt;margin-left:58.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-3.95pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>




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


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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: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=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 (continued)</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:5.0pt;">&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;">(vi)</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 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 10-45 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 2053. 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:58.5pt;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:58.5pt;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(vii)</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;">As of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016, the Group&#8217;s property and equipment
excluding land rights, with net carrying amount of Rp96,</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">786&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> billion were insured against fire,
theft, earthquake and other specified risks, including business interruption,
under blanket policies totalling Rp11,085 billion, US$74 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">million</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, HKD5 million and SGD34 million.
Management believes that the insurance coverage is adequate to cover potential
losses from the insured risks.</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&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;">(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 September</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;">0</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 percentage of completion of property under
construction was around 67.04% of the total contract value, with estimated
dates of completion between October 2016an</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="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:5.0pt;">&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;">(ix)</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;">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</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 Rp10,486billion 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="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:5.0pt;">&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;">(x)</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=EN-US style="font-size:10.0pt;">As of September</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;">0</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 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;">p58,079
</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="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top: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: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;">(xi)</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;">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="margin:0in;margin-bottom:.0001pt;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: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 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=EN-US 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:0in;"><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;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>
<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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: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=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 (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=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: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></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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:88.02%;">
 <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><u><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Years</font></u></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;">September</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 style="font-size:10.0pt;">0</font></b><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 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;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,067</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">2017</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;">304</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">887</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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 lang=IN style="font-size:10.0pt;">2019</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;">806</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <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;">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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">781</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">Thereafter</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;">1,696</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5,541</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Interest</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;">(1,227</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 lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(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 style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4,314</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">Current maturities
  (Note 1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5b</font><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;">(733</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;">(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=59% style="background:#b8cce4;padding:0in 0in 0in 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;">)&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">3,581</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:7.0pt;">&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:-14.55pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160;&#160; The details of obligations
under finance leases </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">as of September</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;">0</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016 and 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:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:49.5pt;width:89.2%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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;">September</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 style="font-size:10.0pt;">0</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=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=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;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,510</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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 lang=IN style="font-size:10.0pt;">PT
  Profesional Telekomunikasi Indonesia</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,336</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=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;">1,460</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">288</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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 lang=IN style="font-size:10.0pt;">PT
  Putra Arga Binangun</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;">224</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=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;">227</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">114</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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 lang=IN style="font-size:10.0pt;">PT
  Naragita Dinamika Komunika</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;">6</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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;">84</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">836</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;"><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;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4,314</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=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;">4,580</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 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: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;">The breakdown of advances
and other non-current assets 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:7.0pt;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:96.26%;">
 <tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</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=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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif 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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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 purchases
  of property and equipment</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">809&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Prepaid rental - net
  of current portion (Note 7)</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;">2,300</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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=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=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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">436</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Frequency license - net
  of current portion (Note 7)</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;">339</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;text-decoration:none;">&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;">404</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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Restricted cash</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;">111</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;text-decoration:none;">&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;">111</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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2&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 style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 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=19% style="background:#b8cce4;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;">8,2</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">7</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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </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:7.0pt;text-decoration:none;">&nbsp;</font></sup></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:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>




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


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are originally
issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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(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=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=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 remaining 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 40 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: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;">As of September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
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 nine-monthperiod ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016and for the year endedDecember 31,
2015 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">amounted to Rp35billion
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:6.0pt;">&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=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;">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: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;">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: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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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-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:1.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.02%;">
 <tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Goodwill</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Software</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">License</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Other intangible assets</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Gross carrying amount:</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Balance, January 1, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">6&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:7.5pt;">336</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.5pt;">6,2</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">67&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=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:7.5pt;">68</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.5pt;">580</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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;">7,2</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">51&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=37% style="background:#b8cce4;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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Additions</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">678</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">8</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">714</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">Deductions</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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: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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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: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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&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:7.5pt;">(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 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 style="font-size:7.5pt;">(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 lang=IN style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Reclassifications/translations</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Balance, September 30, 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-bottom:0in;margin-left: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;">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 style="font-size:7.5pt;">&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 style="font-size:7.5pt;">6,941</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">73</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">580</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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 style="font-size:7.5pt;">7,952</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Accumulated amortization</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;"> and impairment losses</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">:&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Balance, January 1, 2016</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:7.5pt;">(29</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">)</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:7.5pt;">(3,748</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(49</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(369</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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;">(4,195</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Amortization</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">(745</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">(27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(777</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">Deductions</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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: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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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: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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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:7.5pt;">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 lang=IN 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;">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 lang=IN style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Reclassifications/translations</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Balance, September 30, 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-bottom:0in;margin-left:0in;margin-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;">(29</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">(4,490</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">(54</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">(</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">389&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: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 style="font-size:7.5pt;">(4,96</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">2&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:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Net Book Value</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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;">329</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;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;">2,451</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;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;">19</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;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;">191</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;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;">2,990</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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>
</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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.02%;">
 <tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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:7.5pt;">Goodwill</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:7.5pt;">&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:7.5pt;">Software</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:7.5pt;">&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:7.5pt;">License</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:7.5pt;">&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:7.5pt;">Other intangible 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;"><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;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Gross carrying amount:</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Balance, January 1, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">5&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:7.5pt;">322</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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;text-decoration:none;">&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:7.5pt;">4,771</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.5pt;">67</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.5pt;">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 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;">5,732</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=37% style="background:#b8cce4;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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Additions</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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,</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">489&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">1,5</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">14&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">Deductions</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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;"><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=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:7.5pt;">(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:7.5pt;">)</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: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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&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: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;"><font color=windowtext face=Arial,sans-serif lang=IN 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;">(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:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Reclassifications/translations</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Balance, </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">December
  31, 2015</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:7.5pt;">336</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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;text-decoration:none;">&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-bottom:0in;margin-left:0in;margin-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;">6,2</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">67&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 style="font-size:7.5pt;text-decoration:none;">&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-bottom:0in;margin-left:0in;margin-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;">68</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.5pt;">580</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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;">7,2</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">51&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=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Accumulated amortization</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;"> and impairment losses</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">:&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Balance, January 1, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">5&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:7.5pt;">(29</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(2,862</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.5pt;">(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 lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(335</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">(3,269</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=37% style="background:#b8cce4;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:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">Amortization</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">883&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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;">(34</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">23&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">Deductions</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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;"><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=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:7.5pt;">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:7.5pt;">&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: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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">&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: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;"><font color=windowtext face=Arial,sans-serif lang=IN 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;">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:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Reclas</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">s</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">ifications/translations&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=37% style="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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Balance, </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">December
  31, 2015</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:7.5pt;">(29</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">)</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:7.5pt;">(3,7</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">48&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:7.5pt;">)</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:7.5pt;">(49</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.5pt;">(369</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">(4,</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">195&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:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Net Book Value</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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;">307</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;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;">2,519</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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;">19</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;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;">211</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;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;">3,056</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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>
</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=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:.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 2010and 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</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 goodwill in </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015 were</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> resulted from acquisition of MNDG</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(Note 1d).</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;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 -</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">5 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:6.0pt;">&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 September</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;">0</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 cost of fully amortized
intangible assets that are still used in operations amounted to Rp2,757 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=IN 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:-.5in;"><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:-.5in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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:-.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</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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.26%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</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=top 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=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=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>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">14,558</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Other
  payables</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;">336</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;"><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=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;">290</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;"><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=61% style="background:#b8cce4;padding: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=19% style="background:#b8cce4;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;">14,89</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=19% style="background:#b8cce4;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:#b8cce4;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>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></sup></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 breakdown of
trade payables 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:7.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.26%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</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=top 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=19% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Purchases of equipment, materials and services</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;">968</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;"><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;"><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=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>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Payables to other telecommunication providers</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif 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;">206&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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2,075</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Third parties</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Purchases of equipment, materials and services</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;">11,197</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;"><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;"><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=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>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Radio frequency usage charges, concession fees and
  Universal Service Obligation charges</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,653</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Payables to other telecommunication providers</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;">502</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">998</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">13,35</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=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;">14,558</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">13,994</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;"><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:1.0pt;">&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=EN-US style="font-size:7.0pt;">&nbsp;</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=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:.5in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.26%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</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=top 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rupiah</font></p>
  </td>
 <td valign=top width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">12,366</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">U.S. dollar</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,122</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif 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=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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=top width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">34</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">14,55</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=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">13,994</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>
</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;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=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;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.26%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</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=top 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Operations,
  maintenance and telecommunication services</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">6,208</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">General,
  administrative and marketing expenses</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;">2,21</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 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;"><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=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>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Salaries and benefits</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,107</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Interest and bank
  charges</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;">235</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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=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>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 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=19% style="background:#b8cce4;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;">10,765</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;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>
 </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:7.0pt;text-decoration:none;">&nbsp;</font></sup></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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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:7.0pt;">&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; The breakdown of unearned income
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:7.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.26%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">September30</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=top 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4,864</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Other
  telecommunications services</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;">340</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;"><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;"><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=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>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">532</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">5,736</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></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;">4,360</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;"><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: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;">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 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:2.0pt;">&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;">&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;">This account consists of the
following:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;margin-right:0pt;margin-top:0in;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.26%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif lang=SV 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;">September</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 style="font-size:10.0pt;">0&nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> 201</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6&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;"><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=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=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>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">636</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Current
  maturities of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">long-term borrowings</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;">4,310</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;"><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=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;">3,842</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;"><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=61% style="background:#b8cce4;padding: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=bottom width=19% style="background:#b8cce4;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;">4,94</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="background:#b8cce4;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=19% style="background:#b8cce4;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:#b8cce4;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>
 </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:7.0pt;">&nbsp;</font></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=EN-US style="font-size:8.0pt;">&#160; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.72%;">
 <tr>
  <td valign=bottom 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: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=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 style="font-size:8.0pt;">September</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> 3</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">, 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 style="font-size:8.0pt;">&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 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: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=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: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=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;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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: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=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;">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;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% 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;">Lenders</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size: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=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;">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: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=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></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;">(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: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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rupiah</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;">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: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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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 lang=IN style="font-size:8.0pt;">(</font></b><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: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=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></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;">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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">DBS</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">140</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <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;"><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=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=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=12% style="padding:0in 0in 0in 0in;">
  <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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">116</font></p>
  </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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </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=12% style="padding:0in 0in 0in 0in;">
  <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=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>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">185</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <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;"><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=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=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=12% style="padding:0in 0in 0in 0in;">
  <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;"><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: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;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin: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;"><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: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=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>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <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="padding:0in 0in 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=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=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=12% style="padding:0in 0in 0in 0in;">
  <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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin: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;"><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: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="padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#b8cce4;padding: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="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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="background:#b8cce4;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:8.0pt;">636</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;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:8.0pt;">602</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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>
 </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;"><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:.5in;"><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;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></b></p>

<b><font face="times new roman" lang=EN-US style="font-size:11.0pt;"><br clear=all>


</font></b>
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<p align=center style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:17.5pt;margin-right:0in;margin-top:0in;text-align:justify;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;"> AN </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:6.0pt;">&#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:-59.7pt;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;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Short-term
bank loans (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:4.0pt;">&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;">Other
significant information relating to short-term bank loans as of September</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;">0</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;"> 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=IN style="font-size:4.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:0in;margin-left:163.8pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:16.2pt;"><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:93.62%;">
 <tr style="height:.1in;">
  <td valign=bottom width=18% 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=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif lang=IN 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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif lang=IN 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;"><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;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;">Totalfacility</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="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=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Maturity date</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Interestpayment 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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Interestrate 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 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 lang=IN style="font-size:7.0pt;">Security</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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:#b8cce4;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 CIMB Niaga</font></b></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-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:#b8cce4;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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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:#b8cce4;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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-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:#b8cce4;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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-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:#b8cce4;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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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:#b8cce4;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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-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:#b8cce4;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 lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-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:#b8cce4;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 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 lang=EN-GB style="font-size:7.0pt;">April 25, 2005</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">a</font></sup></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Balebat<sup>d</sup></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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">12</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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">July</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;"> 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0, 2017</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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">13.00%</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;">&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;">Trade
  receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(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;">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 lang=IN style="font-size:7.0pt;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">equipment
  (Note 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;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">April 29, 2008</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">a</font></sup></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Balebat<sup>d</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">July
  30, 2017</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">13.00%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</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;">(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;">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 lang=IN style="font-size:7.0pt;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">equipment
  (Note 9)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.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
  21, 2013<sup>b</sup></font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size: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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">October
  18, 2016</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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">12.00%</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;">&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;">Trade
  receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(Note
  5)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="background:#b8cce4;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
  25, 2013<sup>b</sup></font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">October
  18, 2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">12.00%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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</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;">(Note
  5)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.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
  27, 2013<sup>b</sup></font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">24</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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">October
  18, 2016</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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">12.00%</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;">&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;">Trade
  receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(Note
  5)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="background:#b8cce4;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
  28, 2013<sup>c</sup></font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;">anuary1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">, 201</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">7&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;">1.5</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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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
  andequipment</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;">(Note
  9)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.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=EN-GB style="font-size:7.0pt;">September 22, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">4<sup>a</sup></font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Balebat<sup>d</sup></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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">July</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;"> 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0, 2017</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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">13.00%</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;">&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;">Trade
  receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(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;">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 lang=IN style="font-size:7.0pt;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">equipment
  (Note 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;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">October 29, 2014</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">Infomedia Solusi Humanika<sup>e</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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=EN-GB style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">50</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">October 29, 2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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=EN-GB style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">12.00%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">Trade receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">(Note 5)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.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 lang=IN style="font-size:7.0pt;">UOB</font></b></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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 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=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 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>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">November 22, 2013</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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=EN-GB style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">200</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">November 22, 2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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=EN-GB style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">10.88%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">Trade receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">(Note 5)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.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 lang=IN style="font-size:7.0pt;">SCB</font></b></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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 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=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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 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=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 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>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=18% style="background:#b8cce4;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;">June</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;"> 16, 2013</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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=EN-GB style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">91</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">September 3</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">, 2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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=EN-GB style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:7.0pt;">10.50%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.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;">PT.
  Bank DBS Indonesia</font></b></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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=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 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=top width=18% style="background:#b8cce4;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=FR style="font-size:7.0pt;">April
  12, 2016</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=FR style="font-size:7.0pt;">Sigma<sup>f</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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;">USD</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=FR style="font-size:7.0pt;">September
  30, 2016</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;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;">Semiannually</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3.25</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">%&nbsp;</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> (USD) / 10.75%
  (IDR)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</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;">(Note
  5)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:163.8pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:16.2pt;"><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;">The credit facilities were
obtained by the Company&#8217;s subsidiaries for working capital purposes.</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:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">a</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; Based on the latest
amendment dated</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">December
14</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,&nbsp;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:45.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">b</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; Based on the latest
amendment dated</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">December
21</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,&nbsp;2015.&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">c</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; Based on the latest
amendment dated</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">November
11</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,&nbsp;2014</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:45.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">d&#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 dated</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">August 11</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,&nbsp;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:45.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">e&#160;&#160;&#160; </font></sup><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:45.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">f&#160;&#160;&#160;&#160; </font></sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Infomedia&#8217;s
subsidiary.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">g&#160;
</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;Facility
in USD. Withdrawal can be executed in USD and IDR</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<b><font face=arial,sans-serif lang=IN style="font-size:11.0pt;"><br clear=all>


</font></b>
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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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:22.3pt;text-align:left;text-indent:-22.3pt;"><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 (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:4.0pt;">&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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.62%;">
 <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 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;">Notes</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=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;">September</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 style="font-size:10.0pt;">0</font></b><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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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=center 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;"><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=49% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">3,311</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Obligations
  under finance leases</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif 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;"><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="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">733</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;"><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="padding:0in 0in 0in 0in;">
  <p align=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=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>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Bonds
  and notes</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">16b</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 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;">32</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;"><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;">49</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;"><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=49% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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=16% style="background:#b8cce4;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;">4,310</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;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>
 </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:4.0pt;text-decoration:none;">&nbsp;</font></sup></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: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:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#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:4.0pt;">&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 align=left style="background:white;margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face="Times New Roman" lang=IN style="font-size:4.0pt;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:96.62%;">
 <tr>
  <td valign=bottom width=50% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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:10.0pt;">Notes</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=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:10.0pt;">September 30, </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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN 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-bottom:0in;margin-left: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</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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Bank loans</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">16c</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">13,427</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">15,434</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&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: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;">Bonds and notes</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:10.0pt;">16b</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 lang=IN style="font-size:10.0pt;text-decoration:none;">&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:10.0pt;">9,468</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 lang=IN style="font-size:10.0pt;text-decoration:none;">&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:10.0pt;">9,499</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 lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Obligations under finance
  leases</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">9</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">3,581</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">3,939</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&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: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;">Two-step loans</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:10.0pt;">16a</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 lang=IN 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-bottom:0in;margin-left:0in;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;">1,221</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 lang=IN 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-bottom:0in;margin-left:0in;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;">1,296</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 lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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="background:#b8cce4;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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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;">27,697</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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;">30,168</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;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;"><sup><font color=windowtext face="Times New Roman" lang=IN style="font-size:4.0pt;text-decoration:none;">&nbsp;</font></sup></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; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Scheduled principal
payments as of September</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;">0</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;"> 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:1.0pt;">&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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;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:96.98%;">
 <tr>
  <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td 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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% 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;">&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:10.0pt;">Year</font></b></p>
  </td>
 <td valign=bottom width=1% 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=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: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>
 </tr>
<tr>
  <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">&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:9.5pt;">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 style="font-size:10.0pt;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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">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;"><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=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:9.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">7&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:10.0pt;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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">8&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:10.0pt;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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.5pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">9&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:10.0pt;text-decoration:none;">&nbsp;</font></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:9.5pt;">20</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.5pt;">20&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:10.0pt;text-decoration:none;">&nbsp;</font></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:9.5pt;">Thereafter</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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Bank loans</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">16c</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">13,427</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,216</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">6,128</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">2,263</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,961</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,859</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Bonds and notes</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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=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;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 lang=IN style="font-size:10.0pt;">9,468</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:10.0pt;">&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:10.0pt;">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:10.0pt;">&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:10.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">25</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">0&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:10.0pt;">&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:10.0pt;">2,146</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=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:10.0pt;">7,033</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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:10.35pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-10.35pt;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Obligations under
  finance leases</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">9</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">3,581</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">627</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">597</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">622</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,510</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Two-step loans</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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=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;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 lang=IN style="font-size:10.0pt;">1,221</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=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:10.0pt;">85</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=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:10.0pt;">210</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=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:10.0pt;">19</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2&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: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-bottom:0in;margin-left:0in;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;">19</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2&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: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-bottom:0in;margin-left:0in;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;">542</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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;">27,697</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;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;">1,534</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;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;">6,996</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;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;">3,302</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=10% style="background:#b8cce4;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;">4,921</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=10% style="background:#b8cce4;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;">10,944</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;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:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;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:1.0pt;">&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:4.0pt;">&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:36.35pt;text-align:justify;text-indent:.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.6%;">
 <tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">, 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:8.0pt;">&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-bottom:0in;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=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=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=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>
 <td colspan=3 valign=bottom width=24% 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=36% 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=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;"><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>
 <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;">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=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=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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">6,527</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">843</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6,911</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">792</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">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 style="font-size:8.0pt;">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;"><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;">286</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">26</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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;">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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">326</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">365</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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;">1,455</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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=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;">1,520</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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 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 style="font-size:8.0pt;">b)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(234</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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:8.0pt;">&nbsp;</font></b></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;"><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 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=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 valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,221</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=left style="margin-bottom: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: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;">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: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:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; </font></sup></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;">&nbsp;</font></b></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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<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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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:5.05pt;text-align:left;text-indent:-5.05pt;"><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 (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 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="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:1.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:31.5pt;width:93.38%;">
 <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=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: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;">Currency</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=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;">Principal payment schedule</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><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;">Interest payment period</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><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;">Interest rate per annum</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3.85%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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>
 </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 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=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;">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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">8.</font><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=right style="margin-bottom: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>
 </tr>
<tr>
  <td valign=bottom width=32% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2.95%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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>
 </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=EN-US style="font-size:7.0pt;">&nbsp;</font></b></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 September</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;">0</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 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: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;">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:0in;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:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:31.5pt;width:93.8%;">
 <tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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-bottom:0in;margin-left: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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">, 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:8.0pt;">&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-bottom:0in;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=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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-bottom:0in;margin-left: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=24% 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=36% 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=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=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=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>
 <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=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;">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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 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=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=white face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=36% 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=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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:22.5pt;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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=36% 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=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=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 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=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=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=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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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=36% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=36% 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=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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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>
 <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=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:8.0pt;">&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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=36% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=36% 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=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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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>
 <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=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:8.0pt;">&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;">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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=36% 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=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=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 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=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=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=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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:22.5pt;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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:22.5pt;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=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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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>
 <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=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:8.0pt;">&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;">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=36% style="background:#b8cce4;padding:0in 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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=36% 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=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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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;">178</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=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:8.0pt;">&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;">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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=36% 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=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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=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:8.0pt;">&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: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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#b8cce4;padding:0in 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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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;">9,514</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(14</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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;">9,500</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;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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=36% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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=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 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 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=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 valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">9,468</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=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 valign=bottom width=11% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">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:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></p>

<p style="background:white;margin-bottom:0in;margin-left:27.0pt;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:6.0pt;">&nbsp;</font></sup></p>

<p style="background:white;margin-bottom:0in;margin-left:27.0pt;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:6.0pt;">&#160;&#160;&#160;&#160;&#160; </font></sup></p>




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


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<p 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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:5.0pt;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:92.96%;">
 <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 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 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 style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></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;">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 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 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;">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 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;">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 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;">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 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;">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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,005</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">June 25, 2010</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">July 6, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">9.60%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;text-decoration:none;">&nbsp;</font></sup></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 style="font-size:8.0pt;">Series B</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;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;">1,995</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:8.0pt;text-decoration:none;">&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;">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 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=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;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;">June 25, 2010</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 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;">July 6, 2020</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 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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><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=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;">10.20%</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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 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:8.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3,000</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;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 valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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>
</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;">.ix). 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;">, <br>
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: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 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: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 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 ofSeptember</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;">0</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 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; 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 September</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;">0</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 Company has
complied with the above-mentioned ratios.</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:49.95pt;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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN 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:.5in;width:92.54%;">
 <tr>
  <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;">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:10.0pt;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:10.0pt;text-decoration:none;">&nbsp;</font></b></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;">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:10.0pt;text-decoration:none;">&nbsp;</font></b></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 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:10.0pt;text-decoration:none;">&nbsp;</font></b></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;">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:10.0pt;text-decoration:none;">&nbsp;</font></b></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;">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:10.0pt;text-decoration:none;">&nbsp;</font></b></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 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:10.0pt;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;">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;"><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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">June 23, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">June23, 2022</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=13% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="padding:0in 0in 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;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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&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;">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:10.0pt;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 style="font-size:8.0pt;">IDX</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:10.0pt;text-decoration:none;">&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;">June 23, 2015</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:10.0pt;text-decoration:none;">&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;">June23, 2025</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:10.0pt;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 style="font-size:8.0pt;">Quarterly</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:10.0pt;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;">10.25%</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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">June 23, 2015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">June23, 2030</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=13% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="padding:0in 0in 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;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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;text-decoration:none;">&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;">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:10.0pt;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 style="font-size:8.0pt;">IDX</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:10.0pt;text-decoration:none;">&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;">June 23, 2015</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:10.0pt;text-decoration:none;">&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;">June23, 2045</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:10.0pt;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 style="font-size:8.0pt;">Quarterly</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:10.0pt;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;">11.00%</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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=1% style="background:#b8cce4;padding:0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:10.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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>
 </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:7.0pt;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.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">x).&nbsp;</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;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:7.0pt;">&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>


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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:35.45pt;text-align:justify;text-indent:-.25in;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; </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:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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</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 and support, and merger and acquisition </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;">some domestic and international
entities. </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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;margin-left:45.0pt;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-bottom:0in;margin-left:63.0pt;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 exceed
2:1.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:63.0pt;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 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-bottom:0in;margin-left:63.0pt;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;">Debt service coverage is at least
125%.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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;margin-left:45.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of September</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;">0</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 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:5.0pt;">&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;
</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:5.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:45.0pt;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;">GSD</font></b></p>

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

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:45.0pt;width:91.3%;">
 <tr>
  <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 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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></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: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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></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: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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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:8.0pt;line-height:normal;">Maturitydate</font></b></p>
  </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:8.0pt;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;">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:8.0pt;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;">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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;font-weight:normal;line-height:normal;">Series A</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;font-weight:normal;line-height:normal;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">220</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">November 14, 2014</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">November 14, 2019</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;font-weight:normal;line-height:normal;">Semi-annually</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">11%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=9% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;font-weight:normal;line-height:normal;">Series </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;">B&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 lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></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:8.0pt;font-weight:normal;line-height:normal;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;">&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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;font-weight:normal;line-height:normal;">120</font></p>
  </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:8.0pt;font-weight:normal;line-height:normal;">&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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;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=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;">&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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;">March 6, 2020</font></p>
  </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:8.0pt;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:8.0pt;font-weight:normal;line-height:normal;">Semi-annually</font></p>
  </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:8.0pt;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 style="font-size:8.0pt;font-weight:normal;line-height:normal;">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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=9% style="background:#b8cce4;padding: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;line-height:normal;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;font-weight:normal;line-height:normal;">340</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-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;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.5pt;font-weight:normal;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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:45.0pt;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:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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 are owned
or will be owned by GSD, have been pledged as collateral for MTN (Notes 5, 6
and 9) </font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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:45.0pt;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 restriction including maintaining financial ratios as follows :</font></p>

<p style="background:white;margin-bottom:0in;margin-left:63.0pt;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:63.0pt;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:63.0pt;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:63.0pt;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:45.0pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:45.0pt;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 ofSeptember 30, 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 style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:6.0pt;">&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:6.0pt;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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:49.5pt;width:89.64%;">
 <tr>
  <td 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;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:8.0pt;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;">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:8.0pt;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:8.0pt;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;">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:8.0pt;font-weight:normal;line-height:normal;">&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:8.0pt;line-height:normal;">Maturitydate</font></b></p>
  </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:8.0pt;font-weight:normal;line-height:normal;">&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: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;"><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;line-height:normal;">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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">MTN I </font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;font-weight:normal;line-height:normal;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">200</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">Juli 1, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">Juli 1, 2022</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;font-weight:normal;line-height:normal;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">11%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<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:7.5pt;font-weight:normal;line-height:normal;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:49.7pt;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 principal of amount to Rp200 billion.</font></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:49.7pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;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;"><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:6.0pt;line-height:normal;">&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;">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: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;">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: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;">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:67.5pt;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;">exceed3.</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:67.5pt;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 than2.5</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:6.0pt;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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">As ofSeptember 30, 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:6.0pt;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; </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:.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;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:89.94%;">
 <tr>
  <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;line-height:normal;">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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;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;">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;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><sup><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;line-height:normal;">*</font></b></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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;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 style="font-size:7.0pt;font-weight:normal;line-height:normal;">&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:8.0pt;line-height:normal;">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=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;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;"><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:8.0pt;line-height:normal;">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>
 </tr>
<tr>
  <td valign=top width=14% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">PT Huawei<sup>a</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#b8cce4;padding:0in 0in 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;font-weight:normal;line-height:normal;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">0.2</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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-weight:normal;line-height:normal;">April 30, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#b8cce4;padding:0in 0in 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;font-weight:normal;line-height:normal;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;font-weight:normal;line-height:normal;">Semi-annually</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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-weight:normal;line-height:normal;">6 month LIBOR+1.5%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=14% style="padding:0in 0in 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-weight:normal;line-height:normal;">ZTE</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;font-weight:normal;line-height:normal;">&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;font-weight:normal;line-height:normal;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;font-weight:normal;line-height:normal;">&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;font-weight:normal;line-height:normal;">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 style="font-size:7.0pt;font-weight:normal;line-height:normal;">&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;font-weight:normal;line-height:normal;">August 20, 2009</font><sup><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;line-height:normal;">b</font></b></sup></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;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top 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:7.0pt;font-weight:normal;line-height:normal;">February 4, 2017</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:7.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;font-weight:normal;line-height:normal;">S</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;font-weight:normal;line-height:normal;">emi-annually&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:7.0pt;font-weight:normal;line-height:normal;">&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;font-weight:normal;line-height:normal;">6 month LIBOR+1.5%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;font-weight:normal;line-height:normal;">&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:49.5pt;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; </font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">*</font></sup><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:49.5pt;text-align:justify;text-indent:-9.0pt;"><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;">a</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">Has been paid on July 30, 2016</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;"><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;">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:49.5pt;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&#160;&#160;&#160; &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=EN-US style="font-size:10.0pt;">Based on Agreement of
Frame Supply and Deferred Payment Arrangement between the Company and each of ZTE
and PT Huawei, the promissory notes issued by the Company to each of ZTE and
PT&nbsp;Huawei are vendor financing facilities with no collateral covering 85%
of Hand-over Report (&#8220;</font><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Berita Acara Serah Terima</font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8221;) projects with ZTE and
PT Huawei.</font></p>

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





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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;
&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;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=EN-US style="font-size:1.0pt;">&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;">&#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:31.5pt;width:92.42%;">
 <tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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=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=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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">, 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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=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=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>
 <td colspan=3 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;">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=37% 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=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;"><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;"><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-bottom:0in;margin-left: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=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;">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=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;">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=37% style="background:#b8cce4;padding:0in 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;">Syndication of banks</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4,200</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">BNI</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><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 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;"><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;">3,411</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=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:8.0pt;">&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: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=37% style="background:#b8cce4;padding:0in 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:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,246</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&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:8.0pt;">&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 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;">25</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=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;">325</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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: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=37% style="background:#b8cce4;padding:0in 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;">BRI</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,111</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Bank Mandiri</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>
 <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 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;"><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;">1,697</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=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:8.0pt;">&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: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=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Bank CIMB Niaga</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">982</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.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=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=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;">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=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: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;">660</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=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:8.0pt;">&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: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=37% style="background:#b8cce4;padding:0in 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;">UOB</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">500</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.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 ANZ Indonesia</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>
 <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;">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=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: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;">90</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=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:8.0pt;">&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:8.0pt;">90</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">25</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">325</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Japan Bank for International Cooperation (&#8220;JBIC&#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;"><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;">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;">16</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: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;">205</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">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:8.0pt;">&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:8.0pt;">303</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Others</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>
 <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;">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 lang=IN style="font-size:8.0pt;">-</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=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;">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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">19</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=37% style="background:#b8cce4;padding:0in 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;">Total</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">16,793</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.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="padding:0in 0in 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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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;">(55</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">(68</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">16,738</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.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="padding:0in 0in 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=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 style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=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: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;">(3,311</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">(2,928</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 lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#b8cce4;padding:0in 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:8.0pt;">Long-term portion</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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:#b8cce4;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 valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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 valign=bottom width=12% style="background:#b8cce4;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;">13,427</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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 valign=bottom width=11% style="background:#b8cce4;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:0in;"><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; </font></sup></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:31.5pt;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;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;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 September</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;">0</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;"> 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:31.5pt;width:93.22%;">
 <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: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 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;">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>
  </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;">Current
  period payment</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=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 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=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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Syndication
  of banks</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=top width=17% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">December
  19, 2012(BNI, BRI and Bank Mandiri)</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">a</font></sup></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=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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,500</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=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 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;">Sem</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">i-</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">annually&nbsp;</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2014-2020)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size: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+3.00%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size: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;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">equipment
  (Note 9)</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=17% style="background:#b8cce4;padding:0in 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;">March13</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&nbsp;</font></p>
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(BNI</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> and BCA)<sup>
  a&amp;j</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2,900</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">242</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (2016-2022) </font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  monthsJIBOR+2.5%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=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:7.0pt;">March13</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&nbsp;</font></p>
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(BNI</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> and BCA)<sup>
  a&amp;j</sup></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=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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=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;">8.3</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;">&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
  (2016-2022)</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=top 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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size: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
  monthsJIBOR+2.5%</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=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 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=top width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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=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 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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">PIN</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">S&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;">&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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN 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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">43</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;">(2013-2016)</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=top 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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size: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+1.50%</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=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</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;">(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>
  </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=top width=17% style="background:#b8cce4;padding:0in 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</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 13, 2013<sup>a</sup></font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&amp;</font></sup><sup><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">k</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">400</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(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;">-2020)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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
  months JIBOR+3.35%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</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;">(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></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;">equipment
  (Note 9)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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 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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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 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;">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 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;">(2013-2016)</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=top 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;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size: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;">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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">Trade
  receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(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></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;">equipment
  (Note 9)</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>
</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;">&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=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#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:.5in;text-align:justify;text-indent:-17.8pt;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=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-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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.56%;">
 <tr>
  <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 style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">Total
  facility</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">*&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:6.5pt;">&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:6.5pt;">Current
  period payment</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:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">Security</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:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:6.5pt;">BNI</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;"> (continued)</font></b></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:6.5pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% 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:6.5pt;">November</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;"> 20, 2013</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">The
  Company</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">187.5</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:6.5pt;">&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:6.5pt;">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:6.5pt;">(2015-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">8</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">)&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:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">JIBOR+2.65%</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:6.5pt;">&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:6.5pt;">None</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:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% style="background:#b8cce4;padding:0in 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:6.5pt;">November
  25, 2013<sup>a</sup></font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Metra</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">90</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">22.5</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">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:6.5pt;">(2013-2016)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">0</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">.00%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Trade
  receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">(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:6.5pt;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">equipment
  (Note 9)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% 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:6.5pt;">January
  10</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">4<sup>
  a&amp;e</sup></font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Sigma</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:6.5pt;">&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:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">27.5</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:6.5pt;">&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:6.5pt;">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:6.5pt;">(2016-2022)</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:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:6.5pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;"> 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:6.5pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">3.35</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">%&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:6.5pt;">&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:6.5pt;">Tradereceivables</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:6.5pt;">(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:6.5pt;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">equipment(Note
  9)</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:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% style="background:#b8cce4;padding:0in 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:6.5pt;">July
  21, 2014</font><sup><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">
  a</font></sup></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Metra</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">40</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">13.3</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">(2015-2017)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">10.00%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Tradereceivables</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:6.5pt;">(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:6.5pt;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">equipment(Note
  9)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% 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:6.5pt;">November
  3</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">4 <sup>a&amp;i</sup></font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">TelkomInfratel</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:6.5pt;">&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:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">88.4</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 lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">(201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">5</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">8</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">)&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:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:6.5pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">JIBOR+3.35%</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:6.5pt;">&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:6.5pt;">Tradereceivables</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:6.5pt;">(Note
  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 style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% style="background:#b8cce4;padding:0in 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:6.5pt;">April
  8</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">5<sup> a</sup></font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">T</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">elkomsel&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">1,000</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">333.3</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">April
  14, 2018</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">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:6.5pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">1.9</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">5%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">None</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% 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:6.5pt;">June
  10, 2015<sup> a</sup></font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Metra</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:6.5pt;">&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:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">7.3</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 lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">(2015-2017)</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;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:6.5pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">10.</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">00</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">%&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:6.5pt;">&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:6.5pt;">Tradereceivables(Note
  5), property and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Equipment</font><font color=windowtext face=arial,sans-serif lang=SV style="font-size:6.5pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Note&nbsp;</font><font color=windowtext face=arial,sans-serif lang=SV style="font-size:6.5pt;"> 9)</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:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% style="background:#b8cce4;padding:0in 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:6.5pt;">October
  12, 2015</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Telkom
  Akses</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">1,400</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">59.4</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">(2016-2019)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">JIBOR+2.9%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Tradereceivables</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:6.5pt;">(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:6.5pt;">and
  </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">inventor</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">ies </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">(Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% 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:6.5pt;">The Bank of Tokyo &#8211;Mitsubishi UFJ, Ltd.</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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% 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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&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:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% style="background:#b8cce4;padding:0in 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:6.5pt;">October
  9, 2014</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Dayamitra</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">600</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">80</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">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:6.5pt;">(201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">6</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">9</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">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:6.5pt;">JIBOR+2.4%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Trade
  receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">(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:6.5pt;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">equipment(Note
  9)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% 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:6.5pt;">March13</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">5<sup>a&amp;j</sup></font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Metra</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:6.5pt;">&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:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">&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:6.5pt;">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 lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">(201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">6</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">-20</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">20</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">)&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:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">JIBOR+2.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">5%&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:6.5pt;">&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:6.5pt;">None</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:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% style="background:#b8cce4;padding:0in 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:6.5pt;">March
  13, 2015<sup>a&amp;j</sup></font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">250</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">(2016-2020)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">2.15</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">None</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% 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:6.5pt;">April
  8, 2015<sup>a&amp;j</sup></font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">&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:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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 lang=IN style="font-size:6.5pt;">&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:6.5pt;">333.33</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:6.5pt;">&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:6.5pt;">April
  14, 2018</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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:6.5pt;">JIBOR+1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">.</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">95%&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:6.5pt;">&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:6.5pt;">None</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:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% style="background:#b8cce4;padding:0in 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:6.5pt;">April
  8, 2015<sup>a</sup></font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Telkomsel</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">0.075</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">0.05</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">April
  14, 2018</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">JIBOR+</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">1.</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">2%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">None</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% 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:6.5pt;">November
  2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">,
  2015<sup>a</sup></font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">Dayamitra</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">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 lang=IN style="font-size:6.5pt;">&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:6.5pt;">-</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:6.5pt;">&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:6.5pt;">Quartely
  (2017-2020)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&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:6.5pt;">3
  monthsLIBOR+2.</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">6</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">%&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:6.5pt;">&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:6.5pt;">None</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:6.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=18% style="background:#b8cce4;padding:0in 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:6.5pt;">March</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">13</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">, 2015</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Dayamitra</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">(201</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">6</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">-2020)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">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:6.5pt;">JIBOR+2.</font><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">15</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">Tradereceivables</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:6.5pt;">(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:6.5pt;">property
  and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.5pt;">equipment(Note
  9)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:6.5pt;">&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 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>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


</font></b>
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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:5.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;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;">Bank loan
(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=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:92.7%;">
 <tr>
  <td valign=top 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 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=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>
  </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></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=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 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=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=top width=15% style="background:#b8cce4;padding:0in 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;">BRI</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top 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: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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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 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;">220</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
  (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=center style="margin-bottom:0in;margin-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;">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=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 JIBOR+1.40%</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> and 3 monthsJIBOR+3.50%</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: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 </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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top width=15% style="background:#b8cce4;padding:0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">141</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (2014-2018)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top 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: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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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 lang=IN 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;">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 style="font-size:7.0pt;">Monthly
  (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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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), property and equipment (Note 9) and lease agreement</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=top width=15% style="background:#b8cce4;padding:0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3.4</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (2014-2021)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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), property and equipment (Note 9) and lease agreement</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top 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: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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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 lang=IN style="font-size:7.0pt;">187.5</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 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
  (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=center style="margin-bottom:0in;margin-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;">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=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><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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top width=15% style="background:#b8cce4;padding:0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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(2014-2016)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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),property andequipment(Note 9)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top 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:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">October1</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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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;">42</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><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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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), property and equipment</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=top width=15% style="background:#b8cce4;padding:0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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 (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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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 JIBOR+2.70%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top 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;"><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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">&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=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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">&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 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=center style="margin-bottom:0in;margin-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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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 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>
 </tr>
<tr>
  <td valign=top width=15% style="background:#b8cce4;padding:0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">187.5</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top 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:0in;"><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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">G</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">raha YasaSelaras</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 lang=IN style="font-size:7.0pt;">71</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><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">7&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;">Monthly</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;">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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=center style="margin-bottom:0in;margin-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;">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=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;">3
  months JIBOR+3.25%</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 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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top width=15% style="background:#b8cce4;padding:0in 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
  11, 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">.</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top 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: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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 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;">333.33</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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">3
  months JIBOR+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;">&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;">None</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>
</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>

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





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:8.0pt;">&#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:35.55pt;text-align:justify;text-indent:-.25in;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-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:31.5pt;width:93.96%;">
 <tr>
  <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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=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 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Totalfacility</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">Current
  period payment</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=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size: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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size: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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom 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 style="font-size:7.0pt;">Security</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=16% style="background:#b8cce4;padding:0in 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;">Bank ANZ Indonesia</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=9% style="background:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=9% style="background:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=9% style="background:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=9% style="background:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=9% style="background:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=top width=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;"><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-bottom:0in;margin-left:0in;margin-right: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=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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:7.0pt;">June
  13, 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;"><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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=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;">3
  months</font><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>
  </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 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">None</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 style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <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:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Bank
  CIMB Niaga</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: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;"><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;"><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=center style="margin-bottom:0in;margin-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=right style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">&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;"><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=center style="margin-bottom:0in;margin-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=right style="margin-bottom: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=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;">&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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">March
  31, 2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (2011-2020)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">March
  31, 2011</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 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;"><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;"><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=center style="margin-bottom:0in;margin-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;"><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-bottom:0in;margin-left:0in;margin-right: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;">&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;">1.3</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">Monthly
  (2011-2019)</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;"><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=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=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;">9.75%</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;"><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-bottom:0in;margin-left:0in;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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">September
  9, 2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2.9</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (2011-2021)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">leaseagreement&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">September
  20, 2012<sup>a</sup></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 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;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">TLT</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;"><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=center style="margin-bottom:0in;margin-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;"><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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1,150</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;">-</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">Monthly
  (2015-2030)</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;"><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=center style="margin-bottom:0in;margin-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;">Quartely</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">3
  Months JIBOR +3.45%</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;"><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-bottom:0in;margin-left:0in;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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">September
  20, 2012<sup>a</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">118</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (2015-2030)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">9</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">.00%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td valign=top width=16% style="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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=bottom width=1% style="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">0.4</font></p>
  </td>
 <td valign=top width=1% style="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (2013-2018)</font></p>
  </td>
 <td valign=top width=1% style="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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), inventories (Note 6), 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=bottom width=1% style="height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.65pt;">
  <td valign=top width=16% style="background:#b8cce4;height:7.65pt;padding:0in 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
  Bank Sumitomo Mitsui Indonesia</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;height:7.65pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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>
 </tr>
<tr>
  <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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;">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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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=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</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=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;">Quarterly
  (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 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;">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=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;">3
  months 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 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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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
  (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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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>
 </tr>
<tr>
  <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">March
  13, 2015</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=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=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;">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=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></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=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;">Quartely</font><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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:6.5pt;">Quartely</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=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:7.0pt;">3
  </font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">months&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> JIBOR+2,15%</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;">None</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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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>
 </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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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 style="font-size:7.0pt;">US$</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=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=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;">Semi-annually
  (</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">2014-2019)&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=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;">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 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-bottom:0in;margin-left:0in;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 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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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>
 </tr>
<tr>
  <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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>
 </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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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;">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 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=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=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=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;">Semi-annually(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 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;">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=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;">3
  months 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 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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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>
 </tr>
<tr>
  <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">UOB</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">4,000</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">111</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=16% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:18.15pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-7.1pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">September 22, 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 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=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;">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=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 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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Semesteran
  (2018-2024)</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:6.5pt;">Quartely</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=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:7.0pt;">3
  </font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">months&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> JIBOR+2.2%</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=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;">Property
  and equipment</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:7.0pt;">&nbsp;</font></b></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>

<p style="background:white;margin-bottom:0in;margin-left:31.5pt;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; </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:31.5pt;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;&#160;&#160;&#160; </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=EN-US style="font-size:8.0pt;">In original currency</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:40.5pt;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, 2015</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, the Group obtained waiver from the
lenders to not demandthe loan payment as consequence of the breach of
covenants, except for certain loan from BNI (PINS) and CIMB Niaga (MD Media)
totaling Rp87 billion as part of current maturities of long term liabilities
(Note 15b).</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:40.5pt;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:8.0pt;">&#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:.5in;text-align:justify;text-indent:-.25in;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-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>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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 relevantagreements also contain default and cross default clauses.
As of September 30, 2016Telkomsel has complied with the above covenants.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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&nbsp;A and&nbsp;B amounting to
US$36 million and US$24 million, respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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,&nbsp;2015.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;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:.5in;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:.5in;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:.5in;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:.5in;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;">March13</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
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">September
30, 2016</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">
the unused facilities for PT Bank Sumitomo Mitsui Indonesia, The Bank of Tokyo
&#8211; Mitsubishi UFJ, Ltd., PT Bank ANZ Indonesia amounted to Rp82.5 billion,
Rp82.5 billion and R</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">p410&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> billion,
respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">k&#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 March 28, 2016</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: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=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="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;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; The details of non-controlling
interests 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:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.24%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=59% style="height: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;"><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;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0&nbsp;</font></b><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="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=20% 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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=59% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Non-controlling interests in net assets of subsidiaries:</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="background:#b8cce4;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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">&nbsp;</font></p>
  </td>
 <td width=1% style="background:#b8cce4;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 width=59% style="height:1.0pt;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;">Telkomsel</font></p>
  </td>
 <td valign=bottom width=20% 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;">18,439</font></p>
  </td>
 <td 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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">18,024</font></p>
  </td>
 <td 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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=59% style="background:#b8cce4;height:1.0pt;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;">GSD</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">143</font></p>
  </td>
 <td width=1% style="background:#b8cce4;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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">137</font></p>
  </td>
 <td width=1% style="background:#b8cce4;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;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=59% style="height:1.0pt;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;">Metra</font></p>
  </td>
 <td valign=bottom width=20% 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;">112</font></p>
  </td>
 <td 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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">95</font></p>
  </td>
 <td 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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=59% style="background:#b8cce4;height:1.0pt;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;">TII</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">8&nbsp;</font></p>
  </td>
 <td width=1% style="background:#b8cce4;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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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 width=1% style="background:#b8cce4;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;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=59% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;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;">18,73</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2&nbsp;</font></b></p>
  </td>
 <td 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:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="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;">18,292</font></b></p>
  </td>
 <td 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:10.0pt;">&nbsp;</font></b></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=EN-US style="font-size:6.0pt;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:96.08%;">
 <tr>
  <td valign=bottom width=59% 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;"><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;">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: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;">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=59% style="background:#b8cce4;padding:0in 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;">netcomprehensiveincome
  (loss) of subsidiaries:</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=bottom width=59% 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:10.0pt;">Telkomsel</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 style="font-size:10.0pt;">7,451</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;">5,768</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=bottom width=59% style="background:#b8cce4;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:10.0pt;">Metra</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">(12</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:.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:10.0pt;">TII</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 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-bottom:0in;margin-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;">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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;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:10.0pt;">GSD</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">(3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:-.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-bottom: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;">7,437</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><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></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;">5,792</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: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:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>




<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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
(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:.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:6.0pt;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 September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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 holds
35% ownership interest in Telkomsel (Note 1d) which is considered material to
the company.</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:6.0pt;">&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 amounts before elimination of inter-company
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
statements of financial position</font></i></p>

<p style="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;">&#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:97.04%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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=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:10.0pt;">September</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 style="font-size:10.0pt;">0,&nbsp;</font></b><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;"><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-bottom:0in;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</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;">
  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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;">Current assets</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">29,941</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">25,660</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;">Non-current assets</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">56,454</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=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">58,426</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>
 </tr>
<tr>
  <td valign=top width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;">Current liabilities</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">(23,790</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(20,020</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;">Non-current
  liabilities</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">(9,916</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">(12,565</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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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 equity</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:double windowtext 2pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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;">52,689</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=19% style="background:#b8cce4;border-bottom:double windowtext 2pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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;">51,501</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <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:10.0pt;">Attributable to:</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#b8cce4;padding:0in 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;">Equity
  holders of parent company</font></p>
  </td>
 <td valign=top width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">34,250</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=top width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">33,477</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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>
 </tr>
<tr>
  <td valign=top width=61% 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;">Non-controlling
  interest</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">18,439</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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">18,024</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: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=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</font></i><i><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">s&nbsp;</font></i><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> 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="margin:0in;margin-bottom:.0001pt;margin-left:22.05pt;margin-right:0pt;margin-top:0in;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:.25in;width:97.02%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><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;">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;">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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Revenue</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">s&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">63,654</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">55,625</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Operating expenses</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(35,548</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">33,679&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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Other expenses</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">100</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">28,206</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 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;">21,929</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Income tax expense - net</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(6,916</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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;">5,447&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">21,290</font></p>
  </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=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;">16,482</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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Other comprehensive income (expenses) - net</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">21,290</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=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">16,482</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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Attributable to non-controlling interest</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">7,451</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">5,768</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Dividend paid to non-controlling interest</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">7,036</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6,112</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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:6.0pt;">&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:97.02%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><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;">201</font></b><b><font color=windowtext face=Arial,sans-serif 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=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;">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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Operating activities</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">35,275</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">28,095</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Investing activities</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(9,604</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">9,643&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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Financing activities</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(22,309</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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;">14,279&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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=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;">3,362</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=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;">4,173</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=IN style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></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=IN style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></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="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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.5pt;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:96.16%;">
 <tr>
  <td valign=bottom width=49% 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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;">September</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> 3</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0</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;">2</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">016&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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>
 </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 style="font-size:8.0pt;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Percentage of
  ownership</font></b></p>
  </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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Total paid-up
  capital</font></b></p>
  </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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Series A Dwiwarna share</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-1.8pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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 style="font-size:8.0pt;">Series B shares</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-1.8pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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:8.0pt;">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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">52,09</font></p>
  </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: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 lang=IN style="font-size:8.0pt;">2,580</font></p>
  </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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Bank of New York Mellon Corporation*</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">7,644,175,380</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">7,72</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">382</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Commissioners (Note 1b):</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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;">&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: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;">&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: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;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Hendri Saparini</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">18,982</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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: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 lang=IN style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Hadiyanto</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">519,640</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif lang=FR style="font-size:8.0pt;">Directors (Note 1b):</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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;">&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: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;">&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: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;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Alex J Sinaga</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">42,183</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=FR style="font-size:8.0pt;">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 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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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: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 lang=IN style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Honesti Basyir</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">1,155,295</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Herdy Rosadi Harman</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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:8.0pt;">37,663</font></p>
  </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: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 lang=IN style="font-size:8.0pt;">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: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 lang=IN style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Abdus Somad Arief</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">37,965</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Dian Rachmawan</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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:8.0pt;">98,505</font></p>
  </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: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 lang=IN style="font-size:8.0pt;">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: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 lang=IN style="font-size:8.0pt;">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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Public (individually less than 5%)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">39,812,578,048</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">40,19</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">1,991</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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;">99,062,216,600</font></p>
  </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: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;">100</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">,00&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">4,953</font></p>
  </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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Treasury stock (Note 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">1,737,779,800</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">87</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=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 style="font-size:8.0pt;">100,799,996,400</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">100,00</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">5,040</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:8.0pt;">&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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.5pt;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:96.12%;">
 <tr>
  <td valign=bottom width=49% 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p 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="border-bottom: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:8.0pt;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: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>
 </tr>
<tr>
  <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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="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:8.0pt;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:8.0pt;">Percentage of
  ownership</font></b></p>
  </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:8.0pt;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:8.0pt;">Total paid-up
  capital</font></b></p>
  </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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Series A Dwiwarna share</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Government</font></p>
  </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:8.0pt;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:8.0pt;">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;"><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=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:8.0pt;">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;"><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=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:8.0pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Series B shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Government</font></p>
  </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:8.0pt;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 style="font-size:8.0pt;">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:8.0pt;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 style="font-size:8.0pt;">5</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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:8.0pt;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:8.0pt;">2,580</font></p>
  </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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">The Bank of New York Mellon Corporation*</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">8,161,361,980</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">8.31</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">408</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Commissioners (Note 1b):</font></p>
  </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:8.0pt;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 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: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;">&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: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;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Hendri Saparini</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">18,982</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Dolfie Othniel Fredric Palit</font></p>
  </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:8.0pt;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:8.0pt;">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:8.0pt;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:8.0pt;">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;"><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=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:8.0pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Hadiyanto</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">519,640</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Parikesit Suprapto</font></p>
  </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:8.0pt;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:8.0pt;">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:8.0pt;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:8.0pt;">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;"><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=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:8.0pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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=FR style="font-size:8.0pt;">Directors (Note 1b):</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=49% 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:8.0pt;">Alex J Sinaga</font></p>
  </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:8.0pt;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:8.0pt;">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:8.0pt;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:8.0pt;">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;"><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=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:8.0pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Heri Sunaryadi</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">37,965</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=FR style="font-size:8.0pt;">Indra Utoyo</font></p>
  </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:8.0pt;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:8.0pt;">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:8.0pt;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:8.0pt;">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;"><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=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:8.0pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Muhammad Awaluddin</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">1,154,755</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Honesti Basyir</font></p>
  </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:8.0pt;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:8.0pt;">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:8.0pt;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:8.0pt;">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;"><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=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:8.0pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Herdy Rosadi Haman</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">37,663</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Abdus Somad Arief</font></p>
  </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:8.0pt;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:8.0pt;">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:8.0pt;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:8.0pt;">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;"><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=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:8.0pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Dian Rachmawan</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">98,505</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Public (individually less than 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;"><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=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:8.0pt;">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:8.0pt;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:8.0pt;">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:8.0pt;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:8.0pt;">1,922</font></p>
  </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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#b8cce4;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:8.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">98,198,216,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">100.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">4,910</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&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:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Treasury stock (Note 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">4</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)&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:8.0pt;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:8.0pt;">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:8.0pt;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: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;"><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=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:8.0pt;">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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;text-decoration:none;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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=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:8.0pt;">100,799,996,400</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:8.0pt;text-decoration:none;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">100.00</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:8.0pt;text-decoration:none;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">5,040</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:8.0pt;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=EN-US style="font-size:7.5pt;text-decoration:none;">&nbsp;</font></sup></p>

<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;"><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;">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>




<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>


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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;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:96.08%;">
 <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;"><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=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;">September</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 style="font-size:10.0pt;">0</font></b><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;"><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=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;"><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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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
  valuethrough IPO in 1995</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,446</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,446</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;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;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 thetreasury 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 20)</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;">576</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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=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=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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 thetreasury stock plan phase I (Note 20)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">544</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">544</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;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;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 andother transactions between entities under common control(Note
  2d)</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;">478</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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=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=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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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
  toemployee stock ownership program (Note 20)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">228</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;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;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 thetreasury 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 20)</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;">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;"><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=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=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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">864,000</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">,000
  shares under thetreasury stock plan phase I</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">V&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;"> (Note 20)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,996</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Capitalization into 746,666,640 Series B shares in 1999</font></p>
  </td>
 <td valign=bottom width=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;">(373</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=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;">(373</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=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;">4,931</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;text-decoration:none;">&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;">2,935</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;text-decoration:none;">&nbsp;</font></sup></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>

<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:1.0pt;">&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 September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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;"> R</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">p537
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">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: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=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:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.02%;">
 <tr>
  <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=34% style="padding:0in 0in 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=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 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:8.0pt;">Maximum Purchase</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Phase</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Basis</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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 style="font-size:8.0pt;">Period</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Number of Shares</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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 &#8211; June20, 2007</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">II</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">AGM</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=34% style="padding:0in 0in 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 &#8211; December 28, 2008</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">215,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=34% style="background:#b8cce4;padding:0in 0in 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 &#8211; December 20, 2009</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">BAPEPAM - LK</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=34% style="padding:0in 0in 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 &#8211; January 12, 2009</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">4,031,999,856</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=34% style="background:#b8cce4;padding:0in 0in 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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:22.0pt;text-align:justify;"><font color=windowtext face="Times New Roman" 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:96.28%;">
 <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 style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></b><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 style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 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: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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=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 style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin: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=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:9.0pt;">Number of share</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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:9.0pt;">%</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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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 style="font-size:9.0pt;">Rp</font></b></p>
  </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=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:9.0pt;">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:9.0pt;">&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:9.0pt;">%</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:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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:9.0pt;">Rp</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Beginning balance</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">2,601,779,800</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">2.58</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3,804</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">2,624,142,800</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">2.60</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3,836</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=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 lang=IN style="font-size:9.0pt;">S</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">ale of treasury stock</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">(864,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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:9.0pt;">(0.86</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">(1,263</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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:9.0pt;">(22,363,000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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:9.0pt;">(0.02</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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:9.0pt;">(32</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=20% style="background:#b8cce4;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;">Ending balance</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;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;">1,737,779,800</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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;">1.72</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;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;">2,541</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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;">2,601,779,800</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;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;">2.58</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=12% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3,804</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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


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<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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&nbsp;11, 2010, the stockholders
approved the change in the Company&#8217;s plan for treasury stock phases 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;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;">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;">(equivalent
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 (equivalent 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;">&nbsp;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&nbsp;</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 (equivalent to </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,075,000,000&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
shares after stock split)of treasury stock phase </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">II&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> with
fair value amounting to Rp</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,541</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;billion(net of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">related&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> coststo sell the shares). The excess amounting to Rp</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">576&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion in value of the treasury stock sold over their
acquisition cost was recorded as additional paid-in capital (Note&nbsp;</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: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=IN style="font-size:10.0pt;">On
December 21, 2015, the Company resold 4,472,600 shares (</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">equivalent&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> 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&nbsp;</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: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=IN style="font-size:10.0pt;">On
June 29, 2016, the Company resold 172,800,000 shares (</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">equivalent&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> to 864,000,000 shares after stock split) </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">of treasury stock
phase IV with</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> fair value of Rp3,258 billion (net of related</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
costs</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> to sell the shares). The excess amounting to Rp1,996billion
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&nbsp;</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:1.0pt;">&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: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;">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</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.0%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><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;">September 30,201</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=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;">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=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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Effect
  of change in equity of associated companies</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Unrealized
  </font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">holding </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">gain on available-for-sale
  securities</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;">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: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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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
  adjustment</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">447</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Difference</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;"> due to</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> acquisition of non controlling
  interest</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">s&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> in subsidiaries</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;">(637</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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;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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">296</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif 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;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;"><sup><font color=windowtext face="Times New Roman" lang=IN style="font-size:14.0pt;">&nbsp;</font></sup></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:5.0pt;">&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 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:96.0%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><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;"><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=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=61% style="background:#b8cce4;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;">Telephone revenues</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:10.0pt;">Cellular</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;"><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=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=61% style="background:#b8cce4;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=FR style="font-size:10.0pt;">Usage charges</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">28,108</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">26,367</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Monthly subscription charges</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;">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;"><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;">324</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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:10.0pt;">F</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">eatures&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">761</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:10.0pt;">28,362</font></p>
  </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;">27,452</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Fixed lines</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Usage charges</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;">2,944</font></p>
  </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;">3,466</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Monthly subscription charges</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,484</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,171</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Call center</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;">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;"><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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.45pt;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:10.0pt;">5,708</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=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;">5,916</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">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=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">34,070</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">33,368</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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=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=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=61% style="background:#b8cce4;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;">Domestic interconnection</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,655</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,403</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">International interconnection</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;">1,383</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 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;">1,990</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">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=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">3,038</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">3,393</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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=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=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=61% style="background:#b8cce4;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;">Celullar internet and data</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">20,364</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">13,809</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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=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;">12,003</font></p>
  </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;">11,154</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Short Messaging Services (&#8220;SMS&#8221;)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">11,245</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">9,560</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Pay TV</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;">804</font></p>
  </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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">105</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">44,529</font></p>
  </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 style="font-size:10.0pt;">34,855</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">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=bottom width=19% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Leased lines</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;">401</font></p>
  </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;">423</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Satellite transponder lease</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">295</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">429</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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;">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=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">696</font></p>
  </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 style="font-size:10.0pt;">852</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">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=bottom width=19% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Sales of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">handset&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;">1,119</font></p>
  </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;">1,146</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Tower leases</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">541</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">551</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">CPE and terminal</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">477</font></p>
  </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 style="font-size:10.0pt;">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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Call center service</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">250</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">606</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Retail revenue</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">100</font></p>
  </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 style="font-size:10.0pt;">321</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,368</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">654</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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;">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=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">3,291</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;"> revenues</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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;">86,188</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;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;">75,759</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:.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;">&nbsp;</font></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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: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=IN style="font-size:10.0pt;">The
detail 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</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is 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:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:1.0pt;">&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;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.08%;">
 <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 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><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 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=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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Gross revenues</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">12,020</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">10,077</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Compensation to value
  added service providers</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;">(775</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;">(517</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 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=bottom width=20% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">11,245</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">9,560</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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>
</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:10.0pt;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=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: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:8.0pt;">&#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:96.08%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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 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=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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Salaries and related
  benefits</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4,028</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,952</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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=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;">721&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=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;">3,257</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Employees&#8217; income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,262</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,277</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Pension benefit cost
  (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=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;">846</font></p>
  </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;">406</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Early
  retirement program</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">562</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">699</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Housing</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;">157</font></p>
  </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;">161</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Post-employment
  health care benefit cost (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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">135</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">LSA
  expense (Note 31)</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;">80</font></p>
  </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;">67</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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
  employee benefit cost (Note 30)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Other
  post-employment benefit cost (Note 30)</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;">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;"><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;">38</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">90&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;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="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;">10,054</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=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;">9,207</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 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: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: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;">The breakdown of
operation</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;">, maintanance and
telecommunication service expenses is as follows:</font><b><font color=windowtext face="Times New Roman" lang=IN 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:.25in;width:96.08%;">
 <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 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;"><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;">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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">13,451</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">11,747</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;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=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;">2,697</font></p>
  </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;">2,640</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,675</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,584</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Cost
  of IT services</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,420</font></p>
  </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;">711</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,200</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">978</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;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=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;">1,115</font></p>
  </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;">1,126</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">707</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">728</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;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=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;">424</font></p>
  </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;">324</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">331</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">907</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;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=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;">204</font></p>
  </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;">221</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">196</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Project
  management</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;">178</font></p>
  </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;">234</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">93</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;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=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;">23,621</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=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;">21,419</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: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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:5.0pt;">&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:96.08%;">
 <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;">&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;"><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;">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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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
  expenses</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,074</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">814</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;text-indent:-.15in;"><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;">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 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;">948</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Training,
  education and recruitment</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Travelling</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">28</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">288</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">239</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;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=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;">5</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">81&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">747</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;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=20% style="background:#b8cce4;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;">3,505</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;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</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;">273&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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: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=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: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;">&#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;"><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:96.08%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">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=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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,477</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">,8</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">14&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">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;">537</font></p>
  </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=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;">886</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">2,014</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;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;">2,700</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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: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: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;"><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=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: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;">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:92.24%;">
 <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 style="font-size:10.0pt;">    </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;">September</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 style="font-size:10.0pt;">0</font></b><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 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">The Company</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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=top 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;">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;">393</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=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=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>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;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;">Corporate income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">414</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;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=top 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;">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=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=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=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>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;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;">Corporate income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;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=top 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;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">128</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=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=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>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;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;">Income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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=top width=59% 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 services</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=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=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=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>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 claims for tax refund</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,023</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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><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;">0</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">79&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=top 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;">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;">(89</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=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=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>
 </tr>
<tr style="height:4.95pt;">
  <td valign=top width=59% style="background:#b8cce4;height:4.95pt;padding:0in 0in 0in 0in;">
  <p 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-termportion</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:double windowtext 2pt;height:4.95pt;padding:0in 0in 0in 0in;">
  <p 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;">934</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;height:4.95pt;padding: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:#b8cce4;border-bottom:double windowtext 2pt;height:4.95pt;padding:0in 0in 0in 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=top width=1% style="background:#b8cce4;height:4.95pt;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>
</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;">&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;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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: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;">b.&#160;&#160; Prepaid
taxes</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:.5in;width:93.18%;">
 <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 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;">September</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 style="font-size:10.0pt;">0</font></b><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=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=top width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">The Company</font></p>
  </td>
 <td valign=top width=20% style="background:#b8cce4;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=1% style="background:#b8cce4;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=20% style="background:#b8cce4;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=1% style="background:#b8cce4;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=top 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 lang=IN style="font-size:10.0pt;">Income tax</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">538</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">750</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 style="height:3.7pt;">
  <td valign=top width=59% style="background:#b8cce4;height:3.7pt;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;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;height:3.7pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">357</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:3.7pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;height:3.7pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;height:3.7pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;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;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=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;">1</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;">100&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Corporate income tax</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">85</font></p>
  </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;">16</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=59% style="background:#b8cce4;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;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,159</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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><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;">536&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Income tax</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif 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=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=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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article 22 -Withholding tax on goods delivery and imports</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article 24 - Foreign Tax Credit</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=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;">-</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=59% style="background:#b8cce4;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 services</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,286</font></p>
  </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="font-size:10.0pt;">1,572</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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;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;">3,181</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;"><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:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.18%;">
 <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 style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</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 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 style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">The
  Company</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Income
  taxes</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;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:10.0pt;">Article
  4 (2) - Final tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">26</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.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=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;">45</font></p>
  </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=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;">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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Article
  22- Withholding tax on goods delivery and imports</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Article
  23- Withholding tax on services</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;">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: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;">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=59% style="background:#b8cce4;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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.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=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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=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;"><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:#b8cce4;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:10.0pt;">Article
  29- Corporate income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">212</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;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: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=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">219</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;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=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;">566</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=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;">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>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Income
  taxes</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.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=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;">133</font></p>
  </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=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;">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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Article
  22- Withholding tax on goods delivery and imports</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Article
  23- Withholding tax on services</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;">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;"><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;">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=59% style="background:#b8cce4;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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.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=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;">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 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;">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=59% style="background:#b8cce4;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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,877</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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><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;">548&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">541</font></p>
  </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=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;">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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3,362</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;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: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;">3,928</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=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</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;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; &nbsp;</font></b></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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: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;">d. &#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:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.18%;">
 <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 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;">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;">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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Current</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;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:#b8cce4;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;">The Company</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;">548</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">128</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;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;">Subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">7,532</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6,029</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">&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;">8,080</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6,157</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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Deferred</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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:#b8cce4;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:#b8cce4;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:#b8cce4;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;">The Company</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;">(269</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;">(</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;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;">Subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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;">168&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;">(632</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(174</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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:#b8cce4;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 income tax expense</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">7,448</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">5,983</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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: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
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;">tatements 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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.2%;">
 <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;">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;">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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Profit before income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">29,618</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">23,320</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;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;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;">tax&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;">(1,197</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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;">1</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">,433&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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">28,421</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;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;">21,887</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Income tax expense calculated at the Company&#8217;s applicable
  statutory tax rate of 20%</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;">5,684</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">4,377</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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 ratefor
  subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,422</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,122</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;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;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Non-deductible expenses</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;">204</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Final income tax expense</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">98</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">134</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;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;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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif 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;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;">115</font></p>
  </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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;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 income tax expense</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">7,44</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="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">5,983</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;text-decoration:none;">&nbsp;</font></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=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
reconciliation between the profit before income tax and the estimated taxable
income of the Company for the nine-month periodsended September</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;">0</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;"> is as follows:</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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.18%;">
 <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;">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;">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=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Profit
  before income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">29,618</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">23,320</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Add back consolidation
  eliminations</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;">16</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;">347&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 lang=IN style="font-size:10.0pt;">11,</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">462&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Consolidated
  profit before income tax and eliminations</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">45,965</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">34,782</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Less:
  profit before income tax of the subsidiaries</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;">(30,478</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif 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;">22,813&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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Profit
  before income tax attributable to the Company</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">15,487</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">11,969</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;"> income subject to final tax</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;">(538</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;">531&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:#b8cce4;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="background:#b8cce4;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;">14,949</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">11,438</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:.25in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:9.5pt;">&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:9.5pt;">&nbsp;</font></b></p>




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


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<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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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: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;">d. &#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;"><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:.5in;width:93.18%;">
 <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;">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;">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=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Temporary
  differences:</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">Provision
  for onerous contracts</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;">123</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Finance
  leases</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(151</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">252</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">Provision
  for personnel expenses</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;">511</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">(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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 and other post-retirement</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:2.85pt;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">benefits
  costs</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">456</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">116</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;">Depreciation
  and gain on sale of property and equipment</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;">(979</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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 style="font-size:10.0pt;">(211</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 impairment and trade receivables written-off</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">684</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(209</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Deferred
  installation fee</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(28</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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 style="font-size:10.0pt;">(25</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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
  provisions</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(107</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Early
  Retirement Allowance Expenses</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;">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;"><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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 long-term investment</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Net
  temporary differences</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;">1,218</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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;">(189</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;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Permanent
  differences:</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Employee
  benefits</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;">212</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">149</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">135</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">183</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Donations</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;">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:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 in
  net income of associates and subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(14,680</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;">11.482&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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;">331</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">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;"><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:#b8cce4;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
  permanent differences</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">(13,875</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding: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=20% style="background:#b8cce4;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;">(10.926</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Taxable
  income of the Company</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;">2,292</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;">323</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Current
  corporate income tax expense</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">458</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Final
  income tax 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;">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;"><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;">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;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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
  current income tax expense of the Company</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">548</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">128</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Current
  income tax expense of the subsidiaries</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;">7,532</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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;">6.029</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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
  current income tax expense</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;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;">8,080</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;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;">6.157</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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: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;">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 the nine months period ended</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September 30, 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;">, </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;">TheCompany 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;">nine months period </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ended September</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;">0</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;">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;">.Thesubsidiaries applied a tax rate of
25%for the nine</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-month
period</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">sended September</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;">0</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;"> 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:8.0pt;">&nbsp;</font></p>




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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:.25in;margin-right:1.1pt;margin-top:0in;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:.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:2.0pt;">&#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:.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: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;">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
assesmentl</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;">&#160; (</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</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;"> No. 2498 to 2504 and 2541 to
2543/WPJ.19/2014dated 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;">tatements of profit or 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
Companyhas filedan 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 underpaymentof 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 toNo.Tel.68/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.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:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-GB 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;">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 </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;">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
</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;">Rp60 billion) and</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> corporatei</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;">underpaid VAT, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">amounting toRp4.7 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 </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;">tatements 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) isrecognized as claim for tax
refund. </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company filedan objection on VATinterconnection assessmentin 2011onJanuary 7,
2015No.Tel. 03/KU000/COP-10000000/2015 toNo.</font><font color=#222222 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tel.14/KU000/COP-10000000/2015
to theTax Authorities.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Regarding the case, The Tax
authorities rejected the Company&#8217;s objectionthrough its</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> decree</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;">
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 to the rejection of the objectionon 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=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=#222222 face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Companyreceived a
letter fromthe </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=EN-US style="font-size:10.0pt;">No.Pemb-00 427 /WPJ.19/KP.0405/RIK.SIS/2015datedJune
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
toDecember2014.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On
April 20, 2016 the Company received assessment letter for overpayment of Income
Tax No. 000/406/14/093/16&#160; that determined the amount of income tax overpayment
for fiscal year 2014 amounting to Rp 51.5 billion.</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:4.0pt;">&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;">The Company received a
letter from the Large Tax Office Four No.
Pemb-00039/WPJ.19/KP.0405/RIK.SIS/2016 dated May 3, 2016 regarding Field Tax
Audit Notification for tax period January to December 2012. As of the date of
approval and authorization for the issuance of these consolidated financial
statements, the audit process is still ongoing.</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:4.0pt;">&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;">The Company received a
letter from the Large Tax Office Four No.
Pemb-00285/WPJ.19/KP.0405/RIK.SIS/2016 dated August 23, 2016 regarding Field
Tax Audit Notification for tax period January to December 2015. As of the date
of approval and authorization for the issuance of these consolidated financial
statements, the audit process is still ongoing.</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=EN-US style="font-size:10.0pt;">&nbsp;</font></p>




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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:5.0pt;">&nbsp;</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:2.0pt;">&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: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:1.0pt;">&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></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:56.7pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In December
2013, the Tax Court accepted the Company&#8217;s appeal on the 2006 VAT and
withholding taxes totaling Rp116 billion. In February 2014, the Company
received the refund.</font></p>

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

<p style="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;">On July 3,
2015, in response to the Company&#8217;s letter claiming for interest income related
to favorable 2006 VAT and withholding tax verdicts, the Tax Authorities
informed the Company&nbsp;that the claim cannot be granted since the Tax
Authorities filed a request for judicial review to the Supreme Court (&#8220;SC&#8221;). </font></p>

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

<p style="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;">On August
19, 2016 Telkomsel received a notification from Tax Court that the Tax
Authorities filed a request for judicial review to Supreme Court for the VAT
case amounting to Rp108 billion. The contra memorandum for Judicial Review was
sent on September 14, 2016.</font></p>

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

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;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.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=black face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="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;">In July
2016, the case has been announced on Supreme Court Website in favor of the Tax
Authorities. Although the Company has not received the official verdict from
the Court, conservatively the tax penalty of Rp8.4 billionhas been recognized.
The tax base of Rp421 billion shall not become an additional tax expense as the
nature of corporate income tax amount is creditable for the Company</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=black face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;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.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=black face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="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;">In July
2016, conservatively, Telkomsel recognized the tax penalty of Rp15.7 billion as
it has similar legal substance with 2008 penalty of income tax case. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=black face=Arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;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. On June 24, 2015,
The Tax Authorities filed a judicial review to the Supreme Court and on May 2,
2016, Telkomsel received a notification from Tax Court regarding the judicial
review. Subsequently, on May 27, 2016 Telkomsel filed a contra-appeal to the
Supreme Court. As of the date of approval and authorization for issuance of
these financial statements, the judicial review is still in process.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>




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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:7.0pt;">&nbsp;</font></b></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(continued)&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="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;">On November
7, 2014, as a result of a tax audit&#160; by the Tax Authorities, Telkomsel received
assessment letters for underpayment of corporate income tax, VAT and
withholding tax amounting to Rp257.8 billion, Rp2.9 billion and Rp2.2 billion
(including penalty of Rp85.3 billion), respectively. In December 2014,
Telkomsel accepted the assessment of Rp7.8&nbsp;billion of the underpayment of
corporate income tax, Rp1 billion of the underpayment of VAT and Rp2.2 billion
of the underpayment of the withholding tax (including penalty of Rp3.5
billion). The accepted portion was charged to the 2014 statement of profit or
loss and other comprehensive income. In December 2014, Telkomsel paid the
assessments and filed objection </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="background:white;font-size:10.0pt;">letters to the
Tax Authorities for the underpayment of corporate income tax of Rp</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">250
billion (including penalty of Rp81.1 billion) and VAT of Rp1.9 billion
(including penalty of Rp670 million). In November and December 2015, Telkomsel
received the rejection letters from the Tax Authorities for corporate income
tax of </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="background:white;font-size:10.0pt;">Rp</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">250 billion and VAT of Rp 1.4
billion. The remaining amount of Rp250 million was charged to the 2015
statement of profit or loss and other comprehensive income.</font></p>

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

<p style="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;">In August
2015, the Company received a letter from the Tax Authorities requesting the
Company to change the fiscal useful life of asset tower. Claim for tax refund
of 2011 Corporate Income Tax related to tower depreciation of Rp125.5 billion
was reclassified to deferred tax liabilities, Rp60 billion penalty was charged
to the 2015 profit or loss, and Rp64.5 billion remains as claim for tax refund.
</font></p>

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

<p style="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;">On February
15, 2016, the Company filed an appeal to the Tax Authorities for the 2011
underpayment of corporate income tax of Rp250 billion (including penalty of
Rp81.1 billion). As of the date of approval and authorization for issuance of
these financial statements, the appeal is still in process.Subsequently, on
March 17, 2016, the Company also filed an appeal to the Tax Court for the
underpayment of VAT amounting Rp1.2 billion (including penalty of Rp392
million). As of the date of approval and authorization for issuance of these
financial statements, the appeal is still in process</font></p>

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

<p style="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;">In
accordance with the letter regarding tower&#8217;s useful life, in September 2015,
the Company filed a revised Corporate Income Tax Return for fiscal years 2012,
2013, and 2014. As a result of the revised tax returns, the Company paid the
underpayment of corporate income tax amounting to Rp174 billion and
reclassified this amount to deferred tax liabilities. Subsequently, on
September 11, 2015,&#160; the Indonesian Tax Authorities issued STPs for late
payment penalty amounting to Rp67 billion. On September 21, 2015, the Company
filed a request for cancellation of such STPs to the Tax Authorities based on
tax reinventing policy. On November 26, 2015, the Tax Authorities accepted the
Company&#8217;s request and cancelled all the STPs.</font></p>

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

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




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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:3.0pt;">&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:2.0pt;">&nbsp;</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:2.0pt;">&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;">f.&#160;&#160;&#160; Tax incentives</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:2.0pt;">&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;">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 juncto PMK No. 233/PMK.03/2015. In accordance with
the PMK, the Company is allowed to revalue its fixed assets for tax purposes
and will obtain lower income tax when the application of the revaluation is
submitted to DGT during the period between the effective date of PMK (October
20, 2015) and December 31, 2016. The final income tax is determined at a rate
ranging from 3%-6% on the excess of the revalued amount of fixed assets over
its original net book value depending on the timing of submission of
application to the DGT.</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:3.0pt;">&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;">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 amounting to Rp750
billion. Based on the PMK, the self-assessed revaluation amount should be evaluated
by a public independent appraiser (KJPP) or valuation specialist, which is
registeredwith the Government beforeDecember 31, 2016. Upon verification of the
completeness and accuracy of the application, the 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.</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:2.0pt;">&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=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:2.0pt;">&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; &nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.52%;">
 <tr>
  <td valign=bottom 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;"><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:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p 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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&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:7.0pt;">(Charged)credited to theconsolidatedstatements ofprofit 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:7.0pt;">&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:7.0pt;">(Charged)credited to theconsolidatedstatements
  ofothercomprehensiveincome</font></b></p>
  </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=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 lang=IN style="font-size:7.0pt;">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: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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">,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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% style="background:#b8cce4;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;">The Company</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Deferred tax assets:</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=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 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=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Provision for impairment of receivable</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">429</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">137</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">566</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Net periodic pension and other post-retirement benefits
  costs</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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 style="font-size:7.0pt;">&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:7.0pt;">91</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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: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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Accrued expenses and provision</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> for
  inventory obsolescence</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">211</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">229</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Employee benefit provisions</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <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="padding:0in 0in 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=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:7.0pt;">102</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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: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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">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;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Deferred installation fee</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Finance leases</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">&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:7.0pt;">(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 lang=IN style="font-size:7.0pt;">)</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: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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size: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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Provision for Early Retirement</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">81</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">81</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Total deferred tax assets</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;padding: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</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;">206&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=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:7.0pt;">393</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1,599</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Deferred tax liabilities:</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Difference between accounting and tax bases of property
  and equipment</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,597</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:7.0pt;">)</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:7.0pt;">(170</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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: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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(1,767</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Valuation of long-term investment</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Land rights, intangible assets and others</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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: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=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:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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="padding:0in 0in 0in 0in;">
  <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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Total deferred tax liabilities</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,665</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(125</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=23% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(1,790</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Deferred tax liabilities of the Company</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;padding: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;">(459</font></p>
  </td>
 <td valign=bottom width=1% style="padding: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;">)</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:7.0pt;">268</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(191</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=26% style="background:#b8cce4;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;">Telkomsel</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=21% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=23% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Deferred tax assets:</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=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 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=23% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Provisions for employee</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> benefits</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">349</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">47</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Provision for impairment of receivables</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">138</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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:7.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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: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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">180</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Recognition of interest under USO arrangements</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Total deferred tax assets</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">487</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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:7.0pt;">89</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">576</font></p>
  </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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Deferred tax liabilities:</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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=9% style="background:#b8cce4;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Difference between accounting and tax bases</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">
  of</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> and equipment</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> property</font></p>
  </td>
 <td valign=bottom width=8% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,395</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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: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;">&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: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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(1,026</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Finance leases</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(123</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=23% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(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 style="font-size:7.0pt;">)</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: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>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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>
 </tr>
<tr>
  <td valign=bottom width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Total deferred tax liabilities</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,832</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=23% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(1,583</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Deferred tax liabilities</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> of
  Telkomsel - net</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,345</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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:7.0pt;">338</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(1,007</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Deferred tax liabilities of</font><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;"> other
  subsidiaries - net</font></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">306&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=21% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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;">1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=23% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=9% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Deferred tax liabilities - net</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(2,110</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=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:7.0pt;">60</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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 style="font-size:7.0pt;">&nbsp;</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:7.0pt;">-</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(5</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:7.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=9% 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;">(1</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">510&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:7.0pt;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% style="background:#b8cce4;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;">Deferred tax assets - net</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#b8cce4;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;">201</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=21% style="background:#b8cce4;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;">29</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=23% style="background:#b8cce4;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;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=13% style="background:#b8cce4;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;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=9% style="background:#b8cce4;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;">230</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:40.05pt;text-align:justify;"><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;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 (continued)</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: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 details of the Group's
deferred tax assets and liabilities 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:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.52%;">
 <tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><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 lang=IN style="font-size:7.0pt;">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;"><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 lang=IN style="font-size:7.0pt;">(Charged)credited to
  theconsolidatedstatements ofprofit 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: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;">(Charged)credited to
  theconsolidatedstatements ofothercomprehensiveincome</font></b></p>
  </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=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 lang=IN style="font-size:7.0pt;">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: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 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;"><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=37% style="background:#b8cce4;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;">The
  Company</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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: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=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=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=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=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=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=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=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Provision
  for impairment of receivable</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">470</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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 lang=DE style="font-size:7.0pt;">41&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">429</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Net
  periodic pension and other</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> 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 lang=DE style="font-size:7.0pt;">330</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=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=DE style="font-size:7.0pt;">3</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=bottom width=12% style="padding: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=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=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=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;"><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=DE style="font-size:7.0pt;">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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Accrued
  expenses and provision</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">
  for inventory obsolescence</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding: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;">76</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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=top width=1% style="background:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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;">211</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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 lang=DE style="font-size:7.0pt;">72</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=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=DE style="font-size:7.0pt;">25</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=bottom width=12% style="padding: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=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=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=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;"><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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Deferred
  installation fee</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding: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;">72</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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;">(7</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding: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=top width=1% style="background:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding: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:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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;">65</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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 lang=DE style="font-size:7.0pt;">22</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=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=DE style="font-size:7.0pt;">47</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=bottom width=12% style="padding: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=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=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=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;"><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=DE style="font-size:7.0pt;">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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Total
  deferred tax assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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:7.0pt;">1,042</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;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=DE style="font-size:7.0pt;">162</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;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:7.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;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:7.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;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=DE 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=DE style="font-size:7.0pt;">206&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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: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=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;">&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>
 <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 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=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Difference
  between accountingand tax bases of property</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> and equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,458</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(139</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,597</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">(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: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;">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: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 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: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;">(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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Land
  rights, intangible assets and others</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">(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: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;">(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: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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,665</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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Deferred
  tax liabilities of the Company</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding: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;">(499</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding: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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(459</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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 lang=DE style="font-size:7.0pt;">&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 lang=DE style="font-size:7.0pt;">&nbsp;</font></sup></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;"><sup><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">&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 lang=DE 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=DE style="font-size:7.0pt;">&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 lang=DE style="font-size:7.0pt;">&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;"><sup><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">&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 lang=DE 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=DE style="font-size:7.0pt;">&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 lang=DE style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Deferred
  tax assets:</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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:#b8cce4;padding:0in 0in 0in 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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Provisions
  for employee</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">
  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:7.0pt;">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: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;">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: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;">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:7.0pt;">&nbsp;</font></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 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;">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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Provision
  for impairment of receivables</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">129</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">138</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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: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;">&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;">&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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Total
  deferred tax assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">452</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=10% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">487</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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: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=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=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=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=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-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=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;"><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=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Difference
  between accounting and tax bases</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;"> of property</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> and equipment</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(2,044</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">350</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">299</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,395</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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: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;"><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;">(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;">)</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 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: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;">(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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Intangible
  assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(61</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(52</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">(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: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;">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: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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">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: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;">(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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Deferred
  tax liabilities</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">
  of Telkomsel - net</font></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,907</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">253</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">299</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,345</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-15.05pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Deferred
  tax liabilities of</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">
  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:7.0pt;">(</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">248&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=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;">(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 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;">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=13% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;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;">Deferred
  tax liabilities - net</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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;">(2,654</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">232</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">13</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=13% style="background:#b8cce4;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;">299</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">(2,110</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">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:7.0pt;">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: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;">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: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 style="font-size:7.0pt;">(1</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=13% 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;">-</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: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;">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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="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>

<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 September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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;">wereR</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">p29,710 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:5.0pt;">&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 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 style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:4.0pt;">&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:1.0pt;">&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=IN style="font-size:10.0pt;">h</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. &#160; Administration</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;"><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&#160; historical
data, for the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">nine-month
period ended September 30,2016</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: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 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:4.0pt;">&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;">ry&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 Ministry of Finance of the Republic Indonesia also has issued
Regulation No.224/PMK.011/2012 dated December 26, 2012 concerning the
appointment of SOEs to withhold income tax article 22 which is effective from
February 23, 2013. The Company has withheld, deposited, and reported the VAT
and PPnBM or VAT and also income tax article 22 in accordance with the
Regulation.</font></p>

<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:4.0pt;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:14.2pt;text-align:left;text-indent:-14.2pt;"><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 Rp14,732 billion and Rp11,545billion by the
weighted average number of shares outstanding during the period totaling
98,497,778,644 shares and 98,175,853,600 shares for the nine-month periodsended
September</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;">0</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><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: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=EN-US style="font-size:10.0pt;">Basic earnings per share
amounting to Rp149.57 and Rp117.60 (in full amount) for the nine-month periods
ended September</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;">0</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:.25in;text-align:justify;"><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:.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 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</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;">.&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: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;">29. 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:11.0pt;">&#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</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. 26dated April 17, 2015 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 2014 amounting to Rp7,319 billion </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(Rp7</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">4.55&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
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,</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">464&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;">
(Rp1</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">4.91&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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;">May2</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1, 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 Rp8,782&nbsp;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=IN style="font-size:4.0pt;">&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;">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. 50 dated April 22, 2016 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 2015 amounting to Rp7,744 billion </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(Rp7</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">8.86&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
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,</font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">549&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;">
(Rp1</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;">.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">77&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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;">May2</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">6, 2016, the Company paid the cash
dividend and special cash dividend totalling Rp9,293&nbsp;billion.</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:4.0pt;">&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:4.0pt;">&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 September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
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="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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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:7.0pt;">&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
details of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">pension and other post-employment benefit</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">liabilities
are 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:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.62%;">
 <tr>
  <td valign=bottom width=50% 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=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;">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=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;">September</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 style="font-size:10.0pt;">0</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;"><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 style="font-size:10.0pt;">December</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 style="font-size:10.0pt;">1</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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;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;">Prepaid
  pension benefit cost</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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=bottom width=1% style="background:#b8cce4;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;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=50% 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;">The Company - funded</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif 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=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;">805</font></p>
  </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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=50% style="background:#b8cce4;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;">MDM</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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;">Infomedia</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif 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=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=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;">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=50% style="background:#b8cce4;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=16% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">807</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=50% 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=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: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=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: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=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: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 style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=50% style="background:#b8cce4;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;">Pension</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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:10.0pt;">The Company - unfunded</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif 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=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;">2,439</font></p>
  </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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=50% style="background:#b8cce4;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;">Telkomsel</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">846</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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;">Total
  pension</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size: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=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;">3,285</font></p>
  </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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=50% style="background:#b8cce4;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=EN-AU style="font-size:10.0pt;">P</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">ost-employment&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;"> health care</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;"> benefit</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">254</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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;">Other
  post-employment benefit</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif 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=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;">491</font></p>
  </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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=50% style="background:#b8cce4;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;">Obligation
  under the Labor Law</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">289</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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=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: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=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;">4,319</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=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=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;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160; The
breakdown of the net 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;&#160; </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:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.22%;">
 <tr>
  <td valign=bottom width=50% 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=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;">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=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;">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=top width=50% style="background:#b8cce4;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</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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=top width=50% 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;">The Company- funded</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif 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=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;">501</font></p>
  </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 style="font-size:10.0pt;">102</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=50% style="background:#b8cce4;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;">The Company- unfunded</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">209</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">188</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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;">Telkomsel</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif 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=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;">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;"><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 style="font-size:10.0pt;">116</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=50% style="background:#b8cce4;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;">Infomedia</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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
  pension</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif 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=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;">846</font></p>
  </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 style="font-size:10.0pt;">406</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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Post-employment
  health care benefit</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">23,30b</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">135</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">183</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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;">Other
  post-employment benefit</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">23,30c</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=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=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 style="font-size:10.0pt;">35</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=50% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Obligation
  under the Labor Law</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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;">36</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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;">38</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=50% 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=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 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=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;">1,054</font></p>
  </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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">662</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;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>




<p align=left style="margin:0in;margin-bottom:.0001pt;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:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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;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 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></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:44.5pt;text-align:justify;text-indent:-44.5pt;"><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</font></p>

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

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.8pt;text-align:justify;text-indent:-10.65pt;"><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;"> </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Funded pension plan</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 style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.95pt;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 governed by the pension laws in Indonesia and 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 nine</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-month period</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">sended September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016 and</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> for the year
ended</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> December
31, 2015 amounted to Rpnil</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:7.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.05pt;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 as ofSeptember</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;">0, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6 andDecember 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-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:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:89.12%;">
 <tr>
  <td valign=bottom width=64% 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=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;">September 30, </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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><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=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=64% style="background:#b8cce4;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 pensionbenefit </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;">bligations&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=64% 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=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;">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=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;">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=64% style="background:#b8cce4;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:</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=64% 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;">Service costs</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;">267</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=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;">218</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=64% style="background:#b8cce4;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;">Past service cost - plan amendment</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=64% 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;">Interest costs</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;">1,081</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=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;">1,445</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=64% style="background:#b8cce4;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;">Pension plan participants&#8217; contributions</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=64% 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;">Actuarial (gain) losses recognized in OCI</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;">2,015</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=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:10.0pt;">(1,666</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=64% style="background:#b8cce4;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;">Expected pension benefits paid</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(1,063</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=64% 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;">Settlement</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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=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:10.0pt;">(76</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=64% style="background:#b8cce4;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;">Projected pension benefit obligations at end of period</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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;">19,083</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=18% style="background:#b8cce4;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;">16,505</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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-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:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>




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


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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;"><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;"><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:4.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:42.55pt;text-align:justify;text-indent:-42.55pt;"><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.&nbsp;</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;">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:4.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.8pt;text-align:justify;text-indent:-16.25pt;"><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=EN-AU style="font-size:10.0pt;">Funded pension plan</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:37.8pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-1.4pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:86.88%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">September 30, 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=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;">December 31, 2015</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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=59% style="background:#b8cce4;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=20% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Fair
  value of pension plan assetsat beginning of 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 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 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;">18,929</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;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;">Interest
  income</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,104</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:.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=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;">2,015</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;">(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=59% style="background:#b8cce4;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;">Pension
  plan participants&#8217; contributions</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Expected
  pension benefits paid</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(1,063</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;">(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=59% style="background:#b8cce4;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;">Administrative
  expenses paid</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:.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 end of period</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;">19,888</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Funded
  status</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;text-indent:-.15in;"><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=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;">805</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;">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:10.0pt;">&nbsp;</font></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:-1.4pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&#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;text-indent:58.5pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">As of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016 and December
31, 2015, plan assetsconsisted of :</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=IN 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:58.5pt;width:86.6%;">
 <tr>
  <td valign=bottom width=33% 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:9.0pt;">&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 style="font-size:9.0pt;">September 30, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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 style="font-size:9.0pt;">&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 style="font-size:9.0pt;">December 31, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">2015&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=33% 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:9.0pt;">&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:9.0pt;">Quoted in active market</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:9.0pt;text-decoration:none;">&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-bottom:0in;margin-left: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;">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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Quoted in active market</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:9.0pt;text-decoration:none;">&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:9.0pt;">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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;padding:0in 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:9.0pt;">Cash and cash
  equivalent</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1,254</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1,335</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Equity instruments</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:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&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:9.0pt;">&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:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;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:9.0pt;">F</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">inance&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1,123</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1,153</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.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:9.0pt;">Consumer goods</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:9.0pt;">1,244</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">953</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:9.0pt;text-decoration:none;">&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:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;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:9.0pt;">Infrastructure,
  utilities andtransportation</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">616</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">637</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.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:9.0pt;">Construction,
  property and real estate</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:9.0pt;">591</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">573</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:9.0pt;text-decoration:none;">&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:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;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:9.0pt;">Basic industry and
  chemical</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">153</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">163</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.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:9.0pt;">Trading, service
  and investment</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:9.0pt;">187</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">183</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:9.0pt;text-decoration:none;">&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:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;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:9.0pt;">Mining</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">61</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">45</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.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:9.0pt;">Agriculture</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:9.0pt;">59</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-decoration:none;">&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:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;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:9.0pt;">Miscellaneous
  industr</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">ies&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">346</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">240</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Equity-based mutual fund</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:9.0pt;">1,333</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 lang=IN style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1,120</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:9.0pt;text-decoration:none;">&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:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;padding:0in 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:9.0pt;">Fixed income
  instruments</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=top width=33% 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:9.0pt;">Corporate bonds</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:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3,779</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</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:9.0pt;text-decoration:none;">&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:9.0pt;">3,587</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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;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:9.0pt;">Government</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;"> bonds</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">8,535</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">7,257</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Non-public equity:</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:9.0pt;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">30</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=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&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:9.0pt;">&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:9.0pt;">&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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;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:9.0pt;">Direct placement</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">163</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">163</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.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:9.0pt;">Property</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:9.0pt;">-</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">155</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:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</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:9.0pt;text-decoration:none;">&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:9.0pt;">156</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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#b8cce4;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:9.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">259</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">240</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total</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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">15,502</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:9.0pt;text-decoration:none;">&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=IN style="font-size:9.0pt;">4,386</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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;text-decoration:none;">&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=IN style="font-size:9.0pt;">13,688</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 lang=IN style="font-size:9.0pt;text-decoration:none;">&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=IN style="font-size:9.0pt;">4,146</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:9.0pt;text-decoration:none;">&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:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:4.0pt;text-decoration:none;">&nbsp;</font></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=IN style="font-size:1.0pt;">&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=EN-US style="font-size:1.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Pension plan assets also include
Series B shares issued by the Company with fair values totalling Rp467 billion
and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">445&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion, representing 2.35% and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2.49</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">% of total plan assets as of September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016 and December
31, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively,
and bonds issued by the Company with fair value totalling Rp329 billion and Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">464&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion representing 1.65% and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2.60</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">% of totalassetsas of September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
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="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-.25in;"><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;"><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:.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:5.0pt;">&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:5.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.8pt;text-align:justify;text-indent:-11.55pt;"><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; </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Funded pension plan</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;"><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:58.95pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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 Rp3,085 billion and </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;">Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">332 </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;">)for the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">nine&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> mont</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">hs&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
period ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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.
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 color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">does not expect to contribute
to the defined benefit pension plan in 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:35.45pt;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:58.95pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Based on the Company
policy issued on July 1, 2014 regarding Pension Regulation by Dana Pensiun
Telkom, there is an increase in monthly benefits given to the pensioners,
widow/widower or the children of participants who stopped working before the
end of June, &#160;2002.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.95pt;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:58.95pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">During 2015, the Company
madesettlements 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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.95pt;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:58.95pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Based on the Company
policy issued on June 24, 2016 regarding Pension Regulation by Dana Pensiun
Telkom, there is an increase in monthly benefits given to the
widow/widower/children of participants who enrolled before April 20, 1992 ,
from 60% to 75% of pension benefits received by the pensioners. In addition,
the company also provide a one-time benefits in 2016 with intention to improve
the pensioners&#8217; welfare.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.95pt;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:58.05pt;text-align:justify;text-indent:-2.7pt;"> <font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
movements of the prepaid pension benefit cost during the nine-month periods
ended September</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;">0</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;"> and the year ended 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:58.5pt;width:88.7%;">
 <tr>
  <td valign=bottom width=62% 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 style="font-size:9.0pt;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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">September 30, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">December 31, </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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;"><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=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=18% style="background:#b8cce4;padding:0in 0in 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;">1,329</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=19% style="background:#b8cce4;padding:0in 0in 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;">1,170</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=62% 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;">Net periodic pension
  benefit cost</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">(524</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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: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 style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">(2,015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=19% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=62% 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;">Asset ceiling recognized
  via the OCI</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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: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 style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">2,015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=62% 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;">Prepaid pension
  benefitcost at end of year</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">805</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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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;"><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-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=EN-US style="font-size:5.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:60.3pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The components of net periodic
benefit cost for the nine-month periods ended September 30, 2016 and 2015 are
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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:5.0pt;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:88.7%;">
 <tr>
  <td valign=bottom width=62% 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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=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:9.0pt;">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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:9.0pt;">Service costs</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 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;">267</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 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;">164</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=62% 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:9.0pt;">Past service cost</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size: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>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:9.0pt;">Plan administration cost</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 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;">35</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 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;">46</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=62% 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:9.0pt;">Net interest cost</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">(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:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:9.0pt;">Net periodic pension benefit cost</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 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;">524</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 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;">112</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=62% 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:9.0pt;">Amount charged to subsidiaries
  undercontractual agreements</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size: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 style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;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></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">501</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">102</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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-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=EN-US style="font-size:11.0pt;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;"><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:58.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:1.0pt;">&nbsp;</font></p>




<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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;"><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;"><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:5.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:44.5pt;text-align:justify;text-indent:-44.5pt;"><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.&nbsp;</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;">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:5.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.8pt;text-align:justify;text-indent:-11.55pt;"><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; </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Funded</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">pension plan </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:37.8pt;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:56.7pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Amounts recognized in OCI</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> are as follows:</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><b><font color=windowtext face="Times New Roman" 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:58.5pt;width:88.42%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif 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 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=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;">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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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) beginning of year</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2,015</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(2.740</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.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 in net interest expense)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(2,015</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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;">2.740</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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;">-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:60.3pt;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:58.05pt;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 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 March 13, 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 December
31, 2015 and 2014 are 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;"><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:58.5pt;width:87.74%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <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;text-indent:7.7pt;"><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>
 <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;">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=top width=60% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">9.00%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">8.50%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=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;">Rate of compensation increases</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">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=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;">8.00%</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=60% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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-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:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.8pt;text-align:justify;text-indent:-11.55pt;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=EN-AU style="font-size:7.0pt;"> </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Unfunded pension plan</font></p>

<p style="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:58.05pt;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:58.05pt;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:58.05pt;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;Dana Pensiun
Lembaga Keuangan&#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 toRp6
billion and Rp7 billion for the nine-month periods ended September 30, 2016 and
for the year endedDecember 31, 2015, respectively.</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:58.05pt;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:58.05pt;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 Manfaat
Pensiun Sekaligus (&#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:58.05pt;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:58.05pt;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:58.05pt;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:58.05pt;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 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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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;">.  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: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:22.5pt;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.&#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=EN-US style="font-size:6.0pt;">&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:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:66.15pt;text-align:justify;text-indent:-11.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=EN-AU style="font-size:7.0pt;"> </font><font color=windowtext face=arial,sans-serif lang=EN-AU style="font-size:10.0pt;">Unfunded pension plan (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: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:1.0pt;">&nbsp;</font></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;">The following table
presents the changesof the unfunded projected pension benefit obligations of
MPS and MPP </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for
the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">nine</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-month period</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;"> ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016and for the year endedDecember 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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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:63.0pt;width:86.72%;">
 <tr>
  <td valign=bottom width=63% style="padding:0in 0in 0in 0in;">
  <p align=center 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=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;">September 30, </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=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif 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 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=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=63% style="background:#b8cce4;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 obligations</font></b></p>
  </td>
 <td valign=top width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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;">Unfunded projected pension benefit obligations at
  beginning of year</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:10.0pt;">2,500</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size: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;">2,326</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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=63% style="background:#b8cce4;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;">Service costs</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">48</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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;">Interest costs</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:10.0pt;">161</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size: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;">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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=63% style="background:#b8cce4;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;">Actuarial </font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">losses recognized in OCI</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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;">Benefits paid by employer</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:10.0pt;">(270</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</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;">(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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=63% style="background:#b8cce4;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;">Unfunded projected pension benefit obligations</font></b></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-2.9pt;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">at end of period</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;">2,439</font></b></p>
  </td>
 <td valign=top width=2% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">2,500</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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:37.8pt;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:63.0pt;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 for the nine-month periods ended September</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;">0</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;"> and 2015 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:63.0pt;width:86.76%;">
 <tr>
  <td valign=bottom width=63% style="padding:0in 0in 0in 0in;">
  <p align=center 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=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;">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=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;">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=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">48</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">45</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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=top width=63% style="padding:0in 0in 0in 0in;">
  <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=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:10.0pt;">161</font></p>
  </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=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:10.0pt;">143</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=top width=63% style="background:#b8cce4;padding:0in 0in 0in 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 periodic pension benefit cost</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;">209</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;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;">188</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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;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:63.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Amountsrecognized in OCI
amounted to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">RpNil</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=IN 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;">The actuarial valuation for
the defined benefit pension planwas performed based on the measurement date as
of December 31, 2015 and 2014, with reports dated February 25, 2016 and March
13, 2015, respectively, by TWP independent actuary in association with WTW.The
principal actuarial assumptions used by the independent actuary for the years
ended December 31, 2015 and 2014 are 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;"><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:63.0pt;width:86.76%;">
 <tr>
  <td valign=bottom width=63% style="padding:0in 0in 0in 0in;">
  <p align=center 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=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;">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=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;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=top width=1% style="background:#b8cce4;padding: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=63% style="padding:0in 0in 0in 0in;">
  <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=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;">varies</font></p>
  </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=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:10.0pt;">8.00%</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;"><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=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Indonesia</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">n&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;"> mortality table</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding: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:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &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=EN-US style="font-size:6.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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;"><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=EN-US style="font-size:10.0pt;">a.&#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&nbsp;state-owned
life insurance company, manages the plan under an annuity insu&#160;&#160;&#160;&#160; rance
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: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;">&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&#8217;s contributions to Jiwasraya
amounted to Rp93 billionand Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">192
billionfor the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">nine-</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">month period</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;"> ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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: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;">&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;">The following table presents the
changes in projected pension benefit obligation, changes in pension benefit plan
assets, funded status of the pension plan and net amount recognized in the
consolidated statement of financial position </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">nine</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-month
period</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;"> ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
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;">,
on Telkomsel&#8217;s 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:88.7%;">
 <tr>
  <td valign=bottom width=62% 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:10.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">September 30, </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=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;">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=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=62% style="background:#b8cce4;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 pensionbenefit obligation</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,415</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,281</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% 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=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;">&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=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;">&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=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Charged to profit or loss</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Service costs</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:10.0pt;">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:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">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=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-12.6pt;"><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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">106</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-1.8pt;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Actuarial (gain) losses recognized in OCI</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:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">(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=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=62% 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=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:10.0pt;">1,583</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif 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=top width=62% style="background:#b8cce4;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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% 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=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: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 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 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=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">32</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">39</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:left;text-indent:-9.0pt;"><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=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:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">(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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Employer&#8217;s contributions</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">93</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">192</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% 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;">Expected benefits paid</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:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(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 style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 end ofyear</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">737</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">612</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% 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;">Funded status</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:10.0pt;">(846</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(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 style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=62% style="background:#b8cce4;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;">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=18% style="background:#b8cce4;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;">(846</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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;">(803</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></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=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>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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=EN-US style="font-size:6.0pt;">&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;">a.&#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:6.0pt;">&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: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;">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 </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">nine-month&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> period</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;"> ended </font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:10.0pt;">September&nbsp;</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=DE style="font-size:10.0pt;">0</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">,
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:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;"><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:.75in;width:88.7%;">
 <tr>
  <td valign=bottom width=62% 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:10.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">September 30, </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 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;">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=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=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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 pension
  benefit cost at beginning of year</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(803</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(812</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Periodic pension
  benefit cost</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:10.0pt;">(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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Actuarial gain
  (losses) recognized via the OCI</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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=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:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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;">(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:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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
  contributions</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">93</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">192</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% style="padding:0in 0in 0in 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 cost at end of year</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(846</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;">)</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(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 style="font-size:10.0pt;">)</font></b></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:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The components of the
periodic pension benefit cost for the nine-month periods ended September</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;">0</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;"> and 2015 are 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;"><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:58.5pt;width:88.7%;">
 <tr>
  <td valign=bottom width=62% style="padding:0in 0in 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=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;">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;">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=top width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">80</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% style="padding:0in 0in 0in 0in;">
  <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=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: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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">40</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=62% style="background:#b8cce4;padding:0in 0in 0in 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 periodic pension benefit cost</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;">136</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">116</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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-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: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=IN 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;">Amounts recognized in OCI amounted to
Rpnil.</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 net periodic pension cost 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 <br>
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-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:.75in;width:89.64%;">
 <tr>
  <td valign=bottom width=62% style="padding:0in 0in 0in 0in;">
  <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 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:9.0pt;">&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;">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=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8.25</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=62% style="padding:0in 0in 0in 0in;">
  <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=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;">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=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:10.0pt;">6.50%</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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-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>

<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:-13.5pt;"><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; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Post-employment health care benefit
provisions</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:53.55pt;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;">The Company
provides post-</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">employment&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> health care</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> benefits toall of its </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">employees&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> hired</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> before November 1, 1995 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">who have worked for the Company for </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">20 years or</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> more when they retire</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;">to their eligible dependents</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">. The requirement to work for
20 years does not apply to employees who retired prior to June 3, 1995. </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The employees hired by the Company
starting from November 1, 1995 are no longer entitled to this plan. The plan is
managed by Yakes.</font></p>

<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: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;">The defined
contribution post-employment health care benefit plan its provided to employees
hired with permanent status on or after November 1, 1995 or employees with
terms of service less than 20 years at the time of retirement. The Company&#8217;s
contribution to the plan amounted to Rp17billion and Rp15 billion for the nine-month
period</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;"> ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016 and for the
year ended December 31, 2015, 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;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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=EN-US 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; Post-employment
health care benefits provisions (continued)</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;">&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;">The following
table presents the changes in projected post-employment health care benefit
provision, change in post-employment health care benefit plan assets, funded
status of the post-employment health care benefit plan, and net amount
recognized in the Company&#8217;s consolidated statement of financial position as of</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
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:92.22%;">
 <tr>
  <td valign=bottom width=63% 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="Times New Roman" lang=IN style="font-size:10.0pt;">                                                </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;">30 September </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=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;">31 Desember </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=63% style="background:#b8cce4;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 post-employment health carebenefit
  obligation</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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 </font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">post-employment health
  care </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">benefit obligation at beginning of year</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: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;"><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 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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Charged to profit or loss:</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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;">Service costs</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:10.0pt;">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: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 style="font-size:10.0pt;">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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=63% style="background:#b8cce4;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;">Net interest cost</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">745</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">961</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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 (gain) losses</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:10.0pt;">1,155</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=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:10.0pt;">(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 style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Expected</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">post-employment health care</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> ben</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">efits </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">paid&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(312</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(386</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=63% 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 post-employment health care benefit provision
  at end of year</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:10.0pt;">12,537</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=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: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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=63% style="background:#b8cce4;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 post-employment health care benefit plan
  assets</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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;">Fair value of plan assets at beginning of
  year</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: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;"><font color=windowtext face=arial,sans-serif 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 style="font-size:10.0pt;">11,064</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Interest income</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">737</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">924</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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 (excluding amount
  includedin net interest expense)</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:10.0pt;">1,155</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=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:10.0pt;">(647</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Expected post-employmenthealth care
  benefits paid</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(121</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(386</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=63% 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;">Administrative expense paid</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:10.0pt;">(312</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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: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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 end ofyear</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">12,283</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">10,824</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=63% 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;">Funded status</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:10.0pt;">(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:10.0pt;">)</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: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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=63% style="background:#b8cce4;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;">Provision for post-employment health care benefit</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;">(254</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;">(118</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></p>
  </td>
 </tr>
</table></div>

<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 style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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:6.0pt;">&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="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:6.0pt;">&nbsp;</font></b></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 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016 and December 31, 2015, plan assets
consisted of:</font></p>

<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 lang=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.44%;">
 <tr>
  <td valign=bottom width=37% 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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=31% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">, </font></b><b><font color=windowtext face=Arial,sans-serif 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td colspan=3 valign=bottom width=31% 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, </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% 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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Quoted in active market</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:9.0pt;">&nbsp;</font></sup></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 style="font-size:9.0pt;">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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Quoted in active market</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:9.0pt;">&nbsp;</font></sup></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 style="font-size:9.0pt;">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:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 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:9.0pt;">Cash and cash
  equivalents</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">826</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">811</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Equity instruments:</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=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:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&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:9.0pt;">&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:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Manufacturing &amp; consumer goods</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">693</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">571</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Finance</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">575</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=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:9.0pt;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Construction</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">363</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">301</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Infrastructure and telecommunication</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">311</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=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:9.0pt;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Wholesale</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">55</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">70</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Mining</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-18.55pt;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Other Industries:</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Service</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">s&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Agriculture</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">39</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Biotechnology and pharma industry</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">84</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=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:9.0pt;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">O</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">thers&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Equity-based mutual
  fund</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">s&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">1,355</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=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:9.0pt;">-</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">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:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 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:9.0pt;">Fixed income mutual
  funds:</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">7,723</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">6,837</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Unlisted shares:</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;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:-12.6pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Private placement</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">195</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">213</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% 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:-12.6pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Others</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:9.0pt;">-</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:9.0pt;">&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 style="font-size:9.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&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:9.0pt;">-</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:9.0pt;">&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:9.0pt;">38</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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#b8cce4;padding:0in 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:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">12,071</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">212</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">10</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">57</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">251</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;">&nbsp;</font></b></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:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:13.0pt;">&#160; </font></sup></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;">Yakes plan assets </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">also includeSeries B shares </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">issued by the Company </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">with fair value </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">totalling </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp242 billion and Rp174 billion, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">representing 1.97</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">% and 1.61% of total assets</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> as ofSeptember</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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:35.45pt;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:35.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The expected return is
determined based on market expectation for the returns over the entire life of
the obligation by considering the portfolio mix of the plan assets. The actual return
on plan assets was Rp1,666 billion and Rp147 billionfor the nine-month periods
ended September</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;">0</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;"> and for the year ended December 31, 2015, respectively.</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:6.0pt;">&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 movements of the
provision for projected post-employment health care benefit for the nine-month
periods ended September</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;">0</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;"> and for the year ended December 31, 2015 are 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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;text-decoration:none;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:35.45pt;width:93.08%;">
 <tr>
  <td valign=bottom width=63% 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=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;">September</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 style="font-size:10.0pt;">0</font></b><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=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;">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=63% style="background:#b8cce4;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 pensionbenefit obligation</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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=18% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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=63% 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;">Defined benefits liability at beginning of year</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: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;">&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;">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 lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 periodic pension cost</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">136</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">217</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding: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=63% 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;">Actuarial (losses) gain recognized in OCI</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:10.0pt;">(1,155</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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;">(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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,155</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding: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=63% 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;">Projected pension benefit obligations at end of year</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">254</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=18% 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;">&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;">&nbsp;</font></b></p>




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


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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=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 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:7.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The c</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">omponents of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">net periodic
post-employment health care </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">benefit&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> cost</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;"> for the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">nine</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">-month period</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">s&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;"> ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">September&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;"> 3</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">, 2016 and
2015 are 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;"><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:92.44%;">
 <tr>
  <td valign=bottom width=62% 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:10.0pt;">&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: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=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;">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=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">37</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=62% 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=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:10.0pt;">121</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=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;">118</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=62% 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=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:10.0pt;">136</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=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;">183</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>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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 subsidiariesunder
  contractual agreement</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=62% 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=18% 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;">135</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=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">183</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>
 </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="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.4pt;"><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; </font><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;">mounts recognized in </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">OCI&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> are 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;"><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:92.44%;">
 <tr>
  <td valign=bottom width=62% style="padding:0in 0in 0in 0in;">
  <p align=center 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=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;">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;">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=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Actuarial (gain)
  losses recognized during the </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">year&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,155</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(1,227</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Return
  on plan assets</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;"> (excluding amount </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">included in net
  interest expense)</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:10.0pt;">(1,155</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,227</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding: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=18% style="background:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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-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="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;">The
actuarial valuation for the post-employment health care benefits was performed
based on the measurement date as of December 31, 2015 and 2014 with reports
dated February 25, 2016 and February 24, 2015, respectively by TWP, an
independent actuary in association with WTW. The principal acturial 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:92.44%;">
 <tr>
  <td valign=bottom width=62% 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="Times New Roman" lang=IN style="font-size:10.0pt;">     </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;">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=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 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=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Discount
  rate</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;text-indent:-.15pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9.25%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=62% 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;">Health
  care costs trend rate assumed for the nex year</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;">7.00%</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=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;">7.00%</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 lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Ultimate
  health care costs trend rate</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=62% 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;">Year
  </font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">that the rate reaches
  the ultimate trend rate</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;">2016</font></p>
  </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;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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;">Indonesian
  mortality table</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;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:22.05pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&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 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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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=EN-US style="font-size:6.0pt;">&nbsp;</font></b></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: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:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company provides other
post-employment 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: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 changes in the
projected other post-employment benefit obligations </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">for the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">nine</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-month
period</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;"> ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016 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=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:93.18%;">
 <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 lang=IN style="font-size:9.0pt;">&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:9.0pt;">September</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;"> 3</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">0</font></b><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=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: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: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>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;padding:0in 0in 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;">Unfunded projected
  benefit obligations at beginning of year</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 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;">497</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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=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:9.0pt;">Charged to profit or
  loss:</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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Service
  costs</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 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;">6</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top 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:9.0pt;">Net interest
  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 style="font-size:9.0pt;">31</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>
 <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:9.0pt;">39</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=top width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Actuarial
  losses recognized in OCI</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 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></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=top 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:9.0pt;">Benefits
  paid by employer</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:9.0pt;">(43</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">)</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:9.0pt;">(49</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=top width=59% style="background:#b8cce4;padding:0in 0in 0in 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;">Provision for other
  post-employment benefits</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">491</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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=20% style="background:#b8cce4;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=top width=1% style="background:#b8cce4;padding: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: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 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 nine-month periods ended September</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;">0</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;"> 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-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=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:.5in;width:93.18%;">
 <tr>
  <td valign=bottom width=59% 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:9.0pt;">&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: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=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:9.0pt;">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;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;padding:0in 0in 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=top width=20% style="background:#b8cce4;padding:0in 0in 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;">6</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=top width=20% style="background:#b8cce4;padding:0in 0in 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;">6</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=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:9.0pt;">Net interest cost</font></p>
  </td>
 <td valign=top 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:9.0pt;">31</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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:9.0pt;">29</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;padding:0in 0in 0in 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</font></b></p>
  </td>
 <td valign=top width=20% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">37</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=20% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">35</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="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=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:.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;">RpNi</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">l&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="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 other post-employment benefits was calculated based
on the measurement date as of December 31, 2015 and 2014 with reports dated
February 25, 2016 and February 24, 2015, respectively by TWP, an independent actuary
in association with WTW. The principal acturial assumptions used by the
independent actuary as of December 31, 2015 and 2014 are 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;"><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:93.18%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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=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: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 lang=IN style="font-size:9.0pt;">&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:9.0pt;">December 31,2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Indonesian mortality table</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:9.0pt;">2011</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:9.0pt;">&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 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=EN-US style="font-size:9.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &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 nine-month period</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;">
ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016 and for the year ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;December 31, 2015 amounted to Rp289 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 Rp36 billion and Rp38
billion for the nine-month periods ended September</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;">0</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;"> and 2015, respectively</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (Note </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">23</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;">.&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: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:7.0pt;">&nbsp;</font></p>




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


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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:.25in;text-align:justify;text-indent:-.25in;"><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;">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;"><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; </font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US 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=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;"> years and </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">11.86</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">years,respectively. The timing of benefits payments
for September</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;">0</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;">
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=EN-US 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:-15.6pt;"><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:92.54%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=22% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</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 style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=62% 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;">Expected Benefits Payment</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 style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=22% 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 colspan=5 valign=bottom width=46% 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;">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: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 rowspan=2 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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Post-employment</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;"> Health benefits</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: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 rowspan=2 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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Other post-employmentbenefits</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 style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=22% 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;">Time Period</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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">funded</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: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=14% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">unfunded</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: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=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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Telkomsel</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 style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=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=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=22% style="background:#b8cce4;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;">Within next 10 years</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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;">13,587</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=14% style="background:#b8cce4;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;">2,894</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">1,073</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">4,937</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">570</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=22% 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;">Within 10-20 years</font></p>
  </td>
 <td valign=bottom width=15% 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;">19,912</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=14% 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;">236</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=15% 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;">5,183</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=15% 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;">6,738</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=15% 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;">148</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=22% style="background:#b8cce4;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;">Within 20-30 years</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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;">17,377</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=14% style="background:#b8cce4;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;">15</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">5,275</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">6,609</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">47</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=22% 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;">Within 30-40 years</font></p>
  </td>
 <td valign=bottom width=15% 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;">11,453</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=14% 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;">1</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=15% 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;">730</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=15% 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;">4,939</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=15% 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;">4</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=22% style="background:#b8cce4;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;">Within 40-50 years</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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;">26,115</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=14% style="background:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">2,228</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=22% 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;">Within 50-60 years</font></p>
  </td>
 <td valign=bottom width=15% 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;">301</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=14% 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;">-</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=15% 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;">-</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=15% 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;">211</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=15% 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;">-</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=22% style="background:#b8cce4;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;">Within 60-70 years</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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;">13</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=14% style="background:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=15% style="background:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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=22% 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;">Within 70-80 years</font></p>
  </td>
 <td valign=bottom width=15% 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;">-</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=14% 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;">-</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=15% 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;">-</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=15% 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;">-</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=15% 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;">-</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;"><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: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:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">f.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US 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;text-indent:17.8pt;"><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:91.5%;">
 <tr>
  <td valign=bottom width=40% style="padding:0in 0in 0in 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 colspan=3 valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=30% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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;">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;"><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=40% style="padding:0in 0in 0in 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;">Sensitivity</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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></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:9.0pt;">1% Decrease</font></b></p>
  </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:9.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">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=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></sup></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:9.0pt;">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:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% style="background:#b8cce4;padding:0in 0in 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;">Funded</font></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(1,520</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">1,782</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">434</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(411</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=40% style="padding:0in 0in 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;">Unfunded</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:9.0pt;">(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:9.0pt;">)</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:9.0pt;">76</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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:9.0pt;">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:9.0pt;">&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:9.0pt;">(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=IN style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=40% style="background:#b8cce4;padding:0in 0in 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;">Telkomsel</font></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(82</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">92</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">92</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(86</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=40% style="padding:0in 0in 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;">Post-employment
  health care benefits</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:9.0pt;">(1,420</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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">)</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:9.0pt;">1,727</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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:9.0pt;">1,882</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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=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:9.0pt;">(1,563</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=40% style="background:#b8cce4;padding:0in 0in 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;">Other
  post-employment benefits</font></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">(17</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">18</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <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 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: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;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;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 provides
certain cash awards or certain number of days leave benefits to its employees
based on the employees&#8217; length of service requirements, including LSA and LSL.
LSA&nbsp;are either paid at the time the employees reach 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:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:45.0pt;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:.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</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
which</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> was
determined based on an actuarial valuation using the Projected Unit Credit
method,amounted to </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Rp 477
billion and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp501
billion as of </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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 80
billion and Rp67 billion for the nine-month periods endedSeptember</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,
2016 and 2015,
respectively (Note 23).</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:6.0pt;">&nbsp;</font></p>





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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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-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:92.4%;">
 <tr>
  <td valign=bottom width=27% 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:10.0pt;">            </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Related
  parties</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=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;">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=44% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of accounts</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">/transactions&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% style="background:#b8cce4;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
  GovernmentMinistry of Finance</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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,
  othertelecommunication service revenue, financeincome, 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top 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;">State-owned enterprises</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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,
  othertelecommunication servicesrevenue, operating expenses,purchase of
  property andequipment, construction and installationservices, insurance
  expenses, financeincome</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
  financialinstruments, insurance for property andequipment, 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 align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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 leaserevenue,
  satellite transponder usage revenue,interconnection expenses,
  telecommunicationfacilities usage expenses, operating andmaintenance
  expenses, usage of data communication network system expenses</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="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;">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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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 ofcommunication 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;"><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=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="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;">PT Perusahaan
  ListrikNegara (&#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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;"><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=27% style="background:#b8cce4;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;">PT Pertamina
  (Persero)(&#8220;Pertamina&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top 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;">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-bottom: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=top 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;">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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;"><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=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top 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;">PT Garuda Indonesia</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>
 <td valign=top 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;">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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;"><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=27% style="background:#b8cce4;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;">PT Indonesia
  ComnetPlus (&#8220;ICON Plus&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;">,&nbsp;</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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="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;">PT Asuransi Jasa
  Indonesia(&#8220;Jasindo&#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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;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;">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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top 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 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=left style="margin-bottom: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=top 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;">&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=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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;"><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=27% style="background:#b8cce4;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;">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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top 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 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=left style="margin-bottom: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=top 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;">&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=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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;"><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=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top 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 lang=IN style="font-size:8.0pt;">LEN</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>
 <td valign=top 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;">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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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: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>
  </td>
 </tr>
<tr>
  <td valign=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">State-owned banks</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top width=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Finance income and finance costs</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top 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;">BNI</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top 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;">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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;"><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=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=top 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;">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=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;">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=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;"><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=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=27% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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: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>





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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</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;"><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;&#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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin-bottom:.0001pt;margin-left:42.55pt;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:7.0pt;line-height:normal;">&nbsp;</font></p>

<p align=left style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:42.55pt;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:5.0pt;">&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:42.55pt;width:90.14%;">
 <tr>
  <td 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;">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=28% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of relationships</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> 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=44% 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=26% style="background:#b8cce4;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 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=26% style="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;">PT Bank BRI Syariah
  (&#8220;BRI Syariah&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Internet and data revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> o</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">ther telecommunication service revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> and finance costs</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=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 lang=IN style="font-size:8.0pt;">CSM</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Associated company</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=26% style="background:#b8cce4;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;">PT Poin Multi Media
  Nusantara(&#8220;POIN&#8221;)*</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Associated company</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=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 lang=IN style="font-size:8.0pt;">Yakes</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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 lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#b8cce4;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 lang=IN style="font-size:8.0pt;">Koperasi
  Pegawai Telkom(&#8220;Kopegtel&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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 significantinfluence</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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 equipmentdevelopment
  and instalation, lease of buildingExpenses, lease of vehicles, purchase of cars,and
  purchase of materials and constructionservice, maintenance and cleaning
  serviceexpenses, and sahring profit of PBH</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=26% style="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;">PT Sandhy Putra
  Makmur (&#8220;SPM&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under 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=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=26% style="background:#b8cce4;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;">Koperasi Pegawai
  Telkomsel (&#8220;Kisel)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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 ofpropertyand equipment</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=26% style="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;">PT Graha Informatika
  Nusantara (&#8220;Gratika&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under 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=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#b8cce4;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;">PT Pembangunan
  Telekomunikasi Indonesia (&#8220;Bangtelindo&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=44% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=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:8.0pt;">Directors and commissioners</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Key management personnel</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=44% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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>
</table></div>

<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=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:42.55pt;"><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). POIN 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:42.55pt;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:0in;margin-bottom:.0001pt;margin-left:42.55pt;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:42.55pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:2.0pt;">&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:92.24%;">
 <tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 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=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;">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: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=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 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="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 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=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:8.0pt;">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: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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">% of total revenues</font></b></p>
  </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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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: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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">% of total revenues</font></b></p>
  </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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;padding:0in 0in 0in 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;">REVENUES</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% 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:8.0pt;">Majority Stockholder</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> Government</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:8.0pt;">80</font></p>
  </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:8.0pt;">&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:8.0pt;">0.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">203</font></p>
  </td>
 <td valign=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:8.0pt;">&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:8.0pt;">0.27</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;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:8.0pt;">Entities under common control</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Indosat</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:8.0pt;">9</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">20&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:8.0pt;">&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:8.0pt;">1.07</font></p>
  </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: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;">724</font></p>
  </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:8.0pt;">&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:8.0pt;">0.96</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">BRI</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">153</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.18</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">142</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.19</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Bank
  Mandiri</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:8.0pt;">134</font></p>
  </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:8.0pt;">&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:8.0pt;">0.16</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;"><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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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 style="font-size:8.0pt;">&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:8.0pt;">0.18</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">BNI</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">105</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.12</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">90</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.12</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Pegadaian</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: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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&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:8.0pt;">0.10</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: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;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&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:8.0pt;">0.06</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Garuda</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">81</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.09</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">59</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.08</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Lintasarta</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:8.0pt;">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:8.0pt;">&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:8.0pt;">0.08</font></p>
  </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: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;">65</font></p>
  </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:8.0pt;">&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:8.0pt;">0.09</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Pertamina</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">69</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.08</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">87</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.11</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">KAI</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:8.0pt;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&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:8.0pt;">0.07</font></p>
  </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;">83</font></p>
  </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:8.0pt;">&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:8.0pt;">0.11</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">BTN</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">56</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.06</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">33</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.04</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:20.7pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">ICON
  Plus</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:8.0pt;">45</font></p>
  </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:8.0pt;">&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:8.0pt;">0.05</font></p>
  </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;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&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:8.0pt;">0.04</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;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:8.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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 style="font-size:8.0pt;">1,788</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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 style="font-size:8.0pt;">2.06</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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 style="font-size:8.0pt;">1,499</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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 style="font-size:8.0pt;">1.98</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% 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:8.0pt;">Entities under significant influence</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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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: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;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;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:8.0pt;">Kisel</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">3,447</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">4.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">2,628</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">3.47</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% 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:8.0pt;">Gratika</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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 lang=IN 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.39</font></p>
  </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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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;"><font color=windowtext face=arial,sans-serif lang=IN 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.39</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;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:8.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">3,785</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">4.39</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">2,926</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">3.86</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% 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:8.0pt;">Associated compan</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">ies&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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: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;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;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:8.0pt;">Indonusa</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">81</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">0.09</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">43</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.06</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% 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:8.0pt;">CSM</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:8.0pt;">24</font></p>
  </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=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:8.0pt;">0.03</font></p>
  </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: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;">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:8.0pt;">&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:8.0pt;">0.04</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="background:#b8cce4;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:8.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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=FI style="font-size:8.0pt;">327</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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=FI style="font-size:8.0pt;">0.38</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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=FI style="font-size:8.0pt;">311</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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=FI style="font-size:8.0pt;">0.41</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.7pt;">
  <td valign=top width=30% style="height:3.7pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:double windowtext 2pt;height:3.7pt;padding:0in 0in 0in 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;">6,085</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.7pt;padding:0in 0in 0in 0in;">
  <p 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=17% style="border-bottom:double windowtext 2pt;height:3.7pt;padding:0in 0in 0in 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;">7.06</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.7pt;padding:0in 0in 0in 0in;">
  <p 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=16% style="border-bottom:double windowtext 2pt;height:3.7pt;padding:0in 0in 0in 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;">5,010</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:3.7pt;padding:0in 0in 0in 0in;">
  <p 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=17% style="border-bottom:solid windowtext 1.0pt;height:3.7pt;padding:0in 0in 0in 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;">6.61</font></b></p>
  </td>
 <td valign=top width=1% style="height:3.7pt;padding: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;">&nbsp;</font></b></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;"><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:.5in;width:92.24%;">
 <tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 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=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;">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: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=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 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="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 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=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:8.0pt;">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:8.0pt;">&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:8.0pt;">% 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;"><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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="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=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:8.0pt;">% 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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 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;">EXPENSES</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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=30% 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:8.0pt;">Entities under common control</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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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: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;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;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:8.0pt;">Indosat</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">616</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">.12&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">665</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">1.27</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=30% 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:8.0pt;">PLN</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:8.0pt;">485</font></p>
  </td>
 <td valign=bottom 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=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:8.0pt;">0.88</font></p>
  </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;">566</font></p>
  </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=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:8.0pt;">1.08</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;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:8.0pt;">Jasindo</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">189</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.34</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">209</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.40</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=30% 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:8.0pt;">Sub-total</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:8.0pt;">1,</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">290&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: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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2.</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">34&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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1,440</font></p>
  </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=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">2.75</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;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:8.0pt;">Entities under significant influence</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% 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:8.0pt;">Kisel</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:8.0pt;">8,343</font></p>
  </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=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:8.0pt;">15.12</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;"><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;">574</font></p>
  </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=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:8.0pt;">1.10</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;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:8.0pt;">Kopegtel</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">36</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.67</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding: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=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">306</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.59</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% 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:8.0pt;">Yakes</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:8.0pt;">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:8.0pt;">&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:8.0pt;">0.00</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 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;">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:8.0pt;">&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:8.0pt;">0.21</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;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:8.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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:8.0pt;">8,7</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">13&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;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 style="font-size:8.0pt;">15.79</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;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 style="font-size:8.0pt;">991</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;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:8.0pt;">1.9</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% 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;">Other</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:8.0pt;">2</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">90&nbsp;</font></p>
  </td>
 <td valign=bottom 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=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.53</font></p>
  </td>
 <td valign=bottom 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=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:8.0pt;">90</font></p>
  </td>
 <td valign=bottom 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=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.05</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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:8.0pt;">10,</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">293&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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:8.0pt;">18.66</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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=FI style="font-size:8.0pt;">2,521</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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=FI style="font-size:8.0pt;">4.70</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</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=EN-US style="font-size:7.0pt;">&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;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


</font></b>
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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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-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 (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: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=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.22%;">
 <tr>
  <td valign=bottom width=29% style="padding:0in 0in 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 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: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><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></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: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="padding:0in 0in 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>
 </tr>
<tr>
  <td valign=bottom width=29% style="padding:0in 0in 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=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;">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:8.0pt;">&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:8.0pt;">% of total finance income</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=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;">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:8.0pt;">&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:8.0pt;">% of total finance income</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>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;padding:0in 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:8.0pt;">FINANCE INCOME</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</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: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=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;">&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=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;">&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=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;">&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=29% style="background:#b8cce4;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 style="font-size:8.0pt;">State-owned banks</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">687</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">54.22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">617</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">62.96</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=29% 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=SV style="font-size:8.0pt;">Others</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 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;"><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=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0.08</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=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: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=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: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>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;padding:0in 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;">Total</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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;">68</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=17% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">.</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;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;">617</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=17% style="background:#b8cce4;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;">62.96</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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:.25in;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:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.34%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=30% 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td colspan=3 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif 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 style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif 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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=30% 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;"><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=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">% of total finance costs</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: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=center style="margin-bottom:0in;margin-left: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;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><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=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">% of total finance costs</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:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=30% style="background:#b8cce4;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:8.0pt;">FINANCE COSTS</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="height:1.0pt;">
  <td valign=bottom width=30% 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:8.0pt;">Majority stockholder</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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: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 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=right style="margin-bottom:0in;margin-left:0in;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=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=30% style="background:#b8cce4;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 style="font-size:8.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">51</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2.59</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">59</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3.56</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="height:1.0pt;">
  <td valign=bottom width=30% 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:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&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: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 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=right style="margin-bottom:0in;margin-left:0in;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=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=30% style="background:#b8cce4;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 style="font-size:8.0pt;">State-owned banks</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;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:8.0pt;">637</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;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:8.0pt;">32.</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">32&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;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:8.0pt;">836</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=17% style="background:#b8cce4;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:8.0pt;">50.42</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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 style="height:1.0pt;">
  <td valign=bottom width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">688</font></b></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;"><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-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">34.91</font></b></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;"><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:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">895</font></b></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;"><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-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">53.98</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.22%;">
 <tr>
  <td valign=bottom width=29% 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: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:0in;margin-bottom:.0001pt;text-align:center;"><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: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=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;">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="padding:0in 0in 0in 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=29% 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:8.0pt;">&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:8.0pt;">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:8.0pt;">&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:8.0pt;">% of total purchases</font></b></p>
  </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=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:8.0pt;">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:8.0pt;">&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:8.0pt;">% of total purchases</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;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:8.0pt;">PURCHASES OF PROPERTY AND EQUIPMENTS (Note
  9)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=29% 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:8.0pt;">Entity under common control</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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:.9pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">INTI</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">17</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.90</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">173</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">1.02</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:.9pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">LEN</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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 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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.07</font></p>
  </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=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">24</font></p>
  </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=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.14</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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;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:8.0pt;">Sub-total</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">19</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.9</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:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">197</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">1.16</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=29% 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:8.0pt;">Entities under significant influence</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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:.9pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Kopegtel</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">118</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.59</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">52</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.31</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:.9pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Kisel</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:8.0pt;">73</font></p>
  </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=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:8.0pt;">0.37</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:8.0pt;">&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: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;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">0.00</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 style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:.9pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Bangtelindo</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 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;">58</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.29</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:.9pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">SPM</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:8.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">0.21</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:8.0pt;">&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:8.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">0.21</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=29% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:.9pt;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Gratika</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.0</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:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">33</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;padding:0in 0in 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;">0.19</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=29% 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:8.0pt;">Sub-total</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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">304</font></p>
  </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=17% style="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 style="font-size:8.0pt;">1.53</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;"><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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">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: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=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.71</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=29% style="background:#b8cce4;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:8.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.06</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.3in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Total</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">507</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:8.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">2.56</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:8.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">318</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:8.0pt;">&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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1.87</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>
</table></div>

<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: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;">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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:91.76%;">
 <tr>
  <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:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=27% 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: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 style="font-size:8.0pt;">September 30, 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 style="font-size:8.0pt;">&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: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 style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=27% 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:8.0pt;">&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:8.0pt;">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: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 style="font-size:8.0pt;">% 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;"><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-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;">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: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-bottom:0in;margin-left: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;">% 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">a.</font></b></p>
  </td>
 <td valign=bottom width=27% style="background:#b8cce4;padding:0in 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:8.0pt;">Cash and cash equivalents (Note 3)</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;">18,0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">10&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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;">10.15</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=17% style="background:#b8cce4;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;">15,02</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=18% style="background:#b8cce4;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;">9.04</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">b.</font></b></p>
  </td>
 <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:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Other current financial assets</font></b></p>
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.05pt;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(Note 4)</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 style="font-size:8.0pt;">2,202</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=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;">1.</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">24&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=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:8.0pt;">2,5</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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;"><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: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;">1.5</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">c.</font></b></p>
  </td>
 <td valign=bottom width=27% style="background:#b8cce4;padding:0in 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:8.0pt;">Trade receivables - net (Note 5)</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,458</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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;">0.82</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=17% style="background:#b8cce4;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;">1,</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">104&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=18% style="background:#b8cce4;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;">0.66</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">d.</font></b></p>
  </td>
 <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:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Advances and prepaid expenses (Note 7)</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:8.0pt;">50</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=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;">0.0</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;"><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-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</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=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:8.0pt;">0.01</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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">e.</font></b></p>
  </td>
 <td valign=bottom width=27% style="background:#b8cce4;padding:0in 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:8.0pt;">Advances and other non-current assets (Note 10)</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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;">308</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;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;">0.1</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=17% style="background:#b8cce4;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;">6</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=18% style="background:#b8cce4;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;">0.0</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;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>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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;&#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 (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: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:.5in;width:91.94%;">
 <tr>
  <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=33% 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: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;">September 30, 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: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=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: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: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=1% style="padding:0in 0in 0in 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=33% 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: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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="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=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;">% 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: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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="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=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;">% 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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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;">f.</font></b></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;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:8.0pt;">Trade payables (Note 1</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <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=33% 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:8.0pt;">Entities under common control</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;">&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: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;">&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: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 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:0in;margin-bottom:.0001pt;text-align:right;"><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:0in;margin-bottom:.0001pt;text-align:right;"><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:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=33% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-12.55pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">INTI</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 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;">512</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">0.68</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">443</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-12.55pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Indosat</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;">221</font></p>
  </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;">0.29</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">160</font></p>
  </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=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:8.0pt;">0.22</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=33% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:19.85pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">State-owned
  enterprises</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">74</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">98</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">0.13</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=33% 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:8.0pt;">Sub-total</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 style="font-size:8.0pt;">80</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=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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">1.07</font></p>
  </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=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:8.0pt;">701</font></p>
  </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=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:8.0pt;">0.96</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=33% style="background:#b8cce4;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:8.0pt;">Entities under significant influence</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% 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:8.0pt;">Kopegtel</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;">80</font></p>
  </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;">0.11</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:8.0pt;">&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:8.0pt;">97</font></p>
  </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=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:8.0pt;">0.13</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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=33% style="background:#b8cce4;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:8.0pt;">Yakes</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 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;">38</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">0.05</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">19</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">0.03</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=33% 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:8.0pt;">Bangtelindo</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;">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;"><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;">0.01</font></p>
  </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=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:8.0pt;">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:8.0pt;">&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:8.0pt;">0.03</font></p>
  </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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;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:8.0pt;">SPM</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">16</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">0.02</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=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:8.0pt;">&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;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Sub-total</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 style="font-size:8.0pt;">129</font></p>
  </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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.18</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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">151</font></p>
  </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=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:8.0pt;">0.21</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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;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:8.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">270</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.36</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">1,223</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">1.68</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 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=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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1,206</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1.6</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">1&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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2,075</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2.85</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=1% style="background:#b8cce4;padding:0in 0in 0in 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;">g.</font></b></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;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:8.0pt;">Accrued expenses (Note 13)</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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 style="font-size:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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 style="font-size:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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 style="font-size:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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 style="font-size:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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 style="font-size:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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 style="font-size:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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 style="font-size:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <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=33% 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:8.0pt;">Majority stockholder</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;">&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: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;">&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: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 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:0in;margin-bottom:.0001pt;text-align:right;"><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:0in;margin-bottom:.0001pt;text-align:right;"><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:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=33% style="background:#b8cce4;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:8.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.0</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:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">16</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">0.02</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding: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=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% 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:8.0pt;">Entit</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">ies&nbsp;</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> under common control</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=DA 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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=DA 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 lang=DA 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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=DA 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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=DA 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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=DA 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:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding: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=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;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:8.0pt;">State-owned enterprises</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">120</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.</font><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="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">114</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">0.16</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=33% 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:8.0pt;">State-owned banks</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:8.0pt;">68</font></p>
  </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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">9&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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">68</font></p>
  </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=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:8.0pt;">0.09</font></p>
  </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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=33% style="background:#b8cce4;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:8.0pt;">Subt</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">otal&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">188</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">182</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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</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;">25&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=33% 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:8.0pt;">Entity under significant influence</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;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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: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;">&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: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;">&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:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=33% style="background:#b8cce4;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:8.0pt;">Kisel</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">122</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.</font><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="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">188</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">0.26</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding: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;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% 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 lang=IN 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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">332</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.44</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">386</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.53</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=1% style="background:#b8cce4;padding:0in 0in 0in 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;">h.</font></b></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;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:8.0pt;">Advances from customers and suppliers</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding: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=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% 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:8.0pt;">Majority stockholder</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;">&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: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;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding: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=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Government</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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:8.0pt;">19</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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:8.0pt;">0.03</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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;">19</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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;">0.03</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 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;">i.</font></b></p>
  </td>
 <td valign=bottom 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:8.0pt;">Short-term bank loans (Note 15)</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;"><sup><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=33% style="background:#b8cce4;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:8.0pt;">Entities under common control</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=1% style="padding:0in 0in 0in 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=33% 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:8.0pt;">BRI</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;">57</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">08&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:8.0pt;">&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:8.0pt;">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:8.0pt;">&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:8.0pt;">0.08</font></p>
  </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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=33% style="background:#b8cce4;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:8.0pt;">BNI</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 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;">0.0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">25</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">0.03</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="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=33% 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:8.0pt;">Bank Negara Indonesia</font></p>
  <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:8.0pt;">     Syariah (&#8220;BNI Syariah&#8221;)</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:8.0pt;">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;"><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 lang=IN style="font-size:8.0pt;">0.01</font></p>
  </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=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: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=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:8.0pt;">0.00</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=33% style="background:#b8cce4;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:8.0pt;">B</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">ank </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">S</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">yariah </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">M</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">andiri
  (&#8220;BSM&#8221;)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">14</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">0.0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">15</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <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;">0.02</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 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=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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">76</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">11&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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">97</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: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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.13</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=1% style="background:#b8cce4;padding:0in 0in 0in 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;">j.</font></b></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;padding:0in 0in 0in 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;">Two-step loans (Note
  16a)</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;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:8.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <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=33% 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:8.0pt;">Majority stockholder</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;">&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: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;">&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:8.0pt;">&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 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: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=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 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: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=1% style="background:#b8cce4;padding:0in 0in 0in 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=33% style="background:#b8cce4;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:8.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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:8.0pt;">1,455</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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:8.0pt;">1.94</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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;">1,520</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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;">2.09</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 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;">k.</font></b></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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Long-term bank loans
  - net (Note 16c)</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 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: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;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&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:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding: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=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;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:8.0pt;">Entities under common control</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding: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:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=DA style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding: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=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% 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=DA style="font-size:8.0pt;">BNI</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;">5,288</font></p>
  </td>
 <td valign=bottom 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=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;">7.04</font></p>
  </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=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:8.0pt;">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:8.0pt;">&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:8.0pt;">7.69</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=DA style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;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=DA style="font-size:8.0pt;">BRI</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 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;">2,740</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">3.65</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding: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:8.0pt;">2,633</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding: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:8.0pt;">3.62</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=DA style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=DA style="font-size:8.0pt;">Bank Mandiri</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:8.0pt;">1,981</font></p>
  </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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 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;">2.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">64&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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">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: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:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">3.52</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;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=1% style="background:#b8cce4;padding: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=DA style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=33% style="background:#b8cce4;padding:0in 0in 0in 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;">Total</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;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;">10,009</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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;">13.33</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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:8.0pt;">10,789</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;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:8.0pt;">14.83</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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>
</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=DA style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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: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:7.0pt;">&#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;">&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;">&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;">&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_99"></a><a name="_bclPageBorder99"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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-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;">c.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Significant agreements with related
parties</font></b></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:-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;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: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:49.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">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:.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:49.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company has been handling
customer billings and collections for Indosat. Indosat is gradually taking over
the activities and performing its own direct billing and collection. The
Company 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;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:49.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 28, 2006, the
Company and Indosat signed amendments on the interconnection agreements for the
fixed line networks (local, SLJJ and international) and mobile network for the
implementation of the cost-based tariff obligations under the
MoCI&nbsp;Regulations No.&nbsp;8/Year 2006. These amendments took effect
starting on January 1, 2007.</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:49.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Telkomsel also entered
into an agreement with Indosat for the provision of international
telecommunications services to its GSM mobile cellular customers. </font></p>

<p style="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:49.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company provides
leased lines to Indosat and subsidiaries, namely PT Indosat Mega Media and
Lintasarta. The leased lines can be used by these companies for telephone,
telegraph, data, telex, facsimile or other telecommunication services.</font></p>

<p style="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 CSMand 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 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">CBTA</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">with Telkomsel for the
transfer of its Flexi business to Telkomsel (Note 35c.ii)&#160; </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=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 align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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;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;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:4.0pt;">&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:4.0pt;">&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-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:4.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:93.2%;">
 <tr>
  <td valign=bottom width=30% 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 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;">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 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;">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:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 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 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>
 <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=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;">% 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=bottom width=30% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0.44%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">148</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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=30% style="padding:0in 0in 0in 0in;">
  <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=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;">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=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;">0.08%</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 style="font-size:10.0pt;">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;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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;">0.</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">10</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>
</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:4.0pt;">&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</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;">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:4.0pt;">&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:4.0pt;">&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:4.0pt;">&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>

<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;">&#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;"><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 prices</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> that management believes represent 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:0in;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;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:98.0%;">
 <tr>
  <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size: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;">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:0in;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=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;">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: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-bottom:0in;margin-left:0in;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;">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: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-bottom:0in;margin-left:0in;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;">Personal</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=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;">Others</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=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;">Total </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">before </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">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=center style="margin-bottom:0in;margin-left:0in;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;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;">Elimination</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=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 style="font-size:7.0pt;">Totalc</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">onsolidated&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><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  <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>
 </tr>
<tr>
  <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Segment results</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">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 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-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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=left style="margin-bottom:0in;margin-left:0in;margin-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=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=left style="margin-bottom:0in;margin-left:0in;margin-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=19% style="background:#b8cce4;padding:0in 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;">External revenues</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18,462</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">5,125</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">62,376</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">225</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">86,188</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">86,188</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=19% 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;">Inter-segment revenues</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:7.0pt;">15,889</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">4,180</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">2,123</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">1,774</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">23,966</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">(23,966</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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=left style="margin-bottom:0in;margin-left:0in;margin-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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Total segment revenues</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">34,351</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">9,305</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">64,499</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1,999</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">110,154</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(23,966</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=14% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">86,188</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Expenses</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;"><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=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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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;"><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=19% style="background:#b8cce4;padding:0in 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;">External expenses</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(21,817</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(5,117</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(27,360</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(1,623</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(55,917</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(55,917</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=19% 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;">Inter-segment expenses</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:7.0pt;">(8,978</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(3,739</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(9,337</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(181</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(22,235</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=IN 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 lang=IN style="font-size:7.0pt;">22,235</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=IN 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=left style="margin-bottom:0in;margin-left:0in;margin-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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Total segment expenses</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(30,795</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(8,856</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(36,697</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(1,804</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(78,152</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">22,235</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=14% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(55,917</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Segment results</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:7.0pt;">3,556</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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: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;">449</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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: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;">27,802</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=IN style="font-size:7.0pt;">&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:7.0pt;">195</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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: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;">32,002</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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: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;">(1,731</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 lang=IN style="font-size:7.0pt;">)</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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">30,271</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Other information</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Capital expenditures</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:7.0pt;">(7,15</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=left style="margin-bottom:0in;margin-left:0in;margin-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="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;">(2,332</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=IN style="font-size:7.0pt;">)</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:7.0pt;">(9,836</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="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;">(568</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="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;">(19,88</font><font color=windowtext face=Arial,sans-serif 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-bottom:0in;margin-left:0in;margin-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="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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(19,88</font><font color=windowtext face=Arial,sans-serif 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-bottom:0in;margin-left:0in;margin-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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Depreciation and
  amortization</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;">(2,839</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;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;">(929</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;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;">(9,474</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;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;">(115</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;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;">(13,35</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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=14% style="background:#b8cce4;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;">(13,35</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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Provision for impairment of
  receivables</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:7.0pt;">(449</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="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;">(233</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="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;">(168</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="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;">(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:7.0pt;">)</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:7.0pt;">(856</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(856</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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>
</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="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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
(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;"><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:6.0pt;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:98.0%;">
 <tr>
  <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 style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=13 valign=bottom width=82% 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;">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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <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: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-bottom:0in;margin-left:0in;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;">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: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-bottom:0in;margin-left:0in;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;">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: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-bottom:0in;margin-left:0in;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;">Personal</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=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;">Others</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=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 lang=IN style="font-size:7.0pt;">Total </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">before</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">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=center style="margin-bottom:0in;margin-left:0in;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;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;">Elimination</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=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;">Total c</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">onsolidated&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 lang=IN style="font-size:7.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Segment results</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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 lang=IN 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;"><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=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;"><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=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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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 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=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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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 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=18% style="background:#b8cce4;padding:0in 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;">External revenues</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">16,311</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">5,507</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">53,724</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">217</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=12% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">75,759</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">75,759</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=18% 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;">Inter-segment revenues</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;">11,441</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">3,145</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">1,898</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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 style="font-size:7.0pt;">1,540</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif 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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">18,024</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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 style="font-size:7.0pt;">(18,024</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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=left style="margin-bottom:0in;margin-left:0in;margin-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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Total segment revenues</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">27,752</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">8,652</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">55,622</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1,757</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">93,783</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(18,024</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">75,759</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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 lang=IN style="font-size:7.0pt;">Expenses</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;"><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=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;"><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=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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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 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=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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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 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=18% style="background:#b8cce4;padding:0in 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;">External expenses</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(15,967</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(5,365</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(29,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,435</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(51,767</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(51,767</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=18% 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;">Inter-segment expenses</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;">(6,798</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">(3,290</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">(7,566</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">(126</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(17,780</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">17,780</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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=left style="margin-bottom:0in;margin-left:0in;margin-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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Total segment expenses</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(22,765</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(8,655</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(36,566</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(1,561</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(69,547</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">17,780</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(51,767</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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 lang=IN style="font-size:7.0pt;">Segment results</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 style="font-size:7.0pt;">4,987</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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: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;">19,056</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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: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;">196</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="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;">24,236</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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: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;">(244</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">23,992</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Capital expenditures</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;">(5,452</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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;">(2,271</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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;">(8,593</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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;">(680</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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;">(16,996</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=18% style="background:#b8cce4;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;">(16,996</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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 lang=IN style="font-size:7.0pt;">Depreciation and
  amortization</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 style="font-size:7.0pt;">(1,681</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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: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;">(977</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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: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;">(10,787</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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: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;">(59</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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="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;">(13,504</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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: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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(13,504</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Provision for impairment of
  receivables</font></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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;">(559</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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;">(204</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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;">(181</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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;">(4</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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;">(948</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=18% style="background:#b8cce4;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;">(948</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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>
</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:6.0pt;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:98.26%;">
 <tr>
  <td valign=bottom width=60% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;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=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=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 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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=60% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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>
<tr>
  <td valign=bottom width=60% 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;">84,533</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=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">74,356</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=60% style="background:#b8cce4;padding:0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,655</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">1,403</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">86,188</font></b></p>
  </td>
 <td valign=bottom 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: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-bottom: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;">75,759</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:37.8pt;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:6.0pt;text-decoration:none;">&nbsp;</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;">The revenue information above is based on
the location of the customers.</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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;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:98.94%;">
 <tr>
  <td valign=top 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;"><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 style="font-size:10.0pt;">September 30, </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;"><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 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=left style="margin-bottom:0in;margin-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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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;">Non-current operating
  assets</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=59% 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: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;">110,678</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=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 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;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="background:#b8cce4;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:10.0pt;">Foreign countries</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">2,297</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">1,395</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=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 style="font-size:10.0pt;">112,975</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: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 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;"><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: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;">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: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:6.0pt;">&nbsp;</font></p>




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


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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: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
(continued)</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=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 (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;">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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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: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;">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: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:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US 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&#160;
&#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: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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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=EN-US style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=EN-US 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=EN-US 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: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
tariffto 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=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:8.0pt;">&nbsp;</font></b></p>




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


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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: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
(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 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: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;">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: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; 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: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 September</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;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">6, 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:6.0pt;">&nbsp;</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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:92.64%;">
 <tr>
  <td valign=top width=31% 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=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=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 style="font-size:10.0pt;">Amounts in foreign currencies (in
  millions)</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=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:10.0pt;">Equivalent in Rupiah</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=top width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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=33% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">7,755</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=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;">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=bottom width=34% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">560</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=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 lang=IN style="font-size:10.0pt;">6,510</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=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1.23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=33% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=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: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=bottom width=34% style="padding:0in 0in 0in 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=33% 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;">14,267</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;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>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


</font></b>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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: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>

<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;">The
above balance includes the following significant agreements:</font></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>

<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:91.38%;">
 <tr>
  <td 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:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 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 width=43% style="padding:0in 0in 0in 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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and JF DJAFA Consortium</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 14, 2012</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation
  agreement of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Outside
  Plant Fiber To The Home (</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">OSP FTTH</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">)&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td 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:8.0pt;">The Company and ASN-PT Lintas
  Consortium</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">May 6, 2013</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Cisco Technologies
  Indonesia</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 14, 2013</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation
  agreement of WIFI CISCO</font></p>
  </td>
 </tr>
<tr>
  <td 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 lang=IN style="font-size:8.0pt;">The Company and PT
  NEC Indonesia</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <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;">November 29, 2013</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <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;">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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">The Company and PT
  Ericsson Indonesia - PT Infracell Nusatama</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">December 23, 2013</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation of IP Radio Equipment agreement for Backhaul Node-B Telkomsel
  Package-1 Platform Ericsson</font></p>
  </td>
 </tr>
<tr>
  <td 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:8.0pt;">The Company and Thales Alenia Space
  France</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">July 14, 2014</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement of Telkom-3 Substitution
  (T3S) Satellite System</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Huawei Tech
  Investment</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">October23</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation of Access Point Indonesia WIFI Platform Huawei</font></p>
  </td>
 </tr>
<tr>
  <td 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 lang=IN style="font-size:8.0pt;">The Company, Telkom
  Malaysia Berhad, Telin, Alcatel-LucentSubmarine Networks and NEC Corporation</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <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;">January 30, 2015</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation of Southeast Asia &#8211; Middle East &#8211; Western Europe 5 Cable System
  (SEA &#8211; ME - WE 5)</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">The Company and PT
  Huawei Tech Investment</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">August 28, 2015</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation agreement of MSAN modernization for acceleration of the disposal
  of copper wire - Platform Huawei</font></p>
  </td>
 </tr>
<tr>
  <td 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 lang=IN style="font-size:8.0pt;">The Company and  PT
  ZTE Indonesia</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <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;">August 28, 2015</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation agreement of MSAN modernization for acceleration of the disposal
  of copper wire - Platform ZTE</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">The Company and PT
  Lintas Teknologi Indonesia</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">November 17, 2015</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation agreement for DWDM Platform Alcatel - Lucent (ALU)</font></p>
  </td>
 </tr>
<tr>
  <td 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 lang=IN style="font-size:8.0pt;">The Company and PT
  Datacomm Diangraha</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <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;">November 20, 2015</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation agreement for Metro Ethernet Platform ALU</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">The Company and PT
  Sisindokom Lintasbuana</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">November 23, 2015</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation agreement for PE-VPN CISCO</font></p>
  </td>
 </tr>
<tr>
  <td 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 lang=IN style="font-size:8.0pt;">The Company and PT Mastersystem
  Infotama</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <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;">December 3, 2015</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation agreement for IP Backbone System expansion</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">The Company and PT
  ZTE Indonesia</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">December 21, 2015</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation agreement for IPTV Platform ZTE capacity expansion</font></p>
  </td>
 </tr>
<tr>
  <td 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:8.0pt;">The Company and PT Industri
  Telekomunikasi Indonesia</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">December 29, 2015</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Len Industri
  (Persero)</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">December 29, 2015</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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>
 </tr>
<tr>
  <td 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:8.0pt;">The Company and PT Sarana Global
  Indonesia</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">December 31, 2015</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and Space System/Loral,
  LLC</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 29, 2016</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkom&#8217;s agreement &#8211; 4 Satellite
  system</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:11.0pt;">&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 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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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-bottom:0in;margin-left:35.45pt;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;">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;">Capital expenditures (continued)</font></b></p>

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

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;text-indent:-20.7pt;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(i)&#160;&#160;&#160; The
Company (continued)</font></i></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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:91.38%;">
 <tr>
  <td 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:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 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 width=43% style="padding:0in 0in 0in 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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Datacomm Diangraha</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">May 12, 2016</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Procurement and
  installation agreement for </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">SKKL Indonesia Global Gateway</font></p>
  </td>
 </tr>
<tr>
  <td 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:8.0pt;">The Company and PT Huawei Tech
  Investment</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <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 28, 2016</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <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;">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
  Huawei</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Nec Indonesia</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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 18, 2016</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">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>
 </tr>
</table></div>

<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:6.0pt;">&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:6.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:91.5%;">
 <tr>
  <td 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:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 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 width=43% style="padding:0in 0in 0in 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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext 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 width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">April 17, 2008</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The combined 2G and 3G CS Core
  Network Rollout Agreements</font></p>
  </td>
 </tr>
<tr>
  <td 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 lang=IN style="font-size:8.0pt;">Telkomsel, PT
  Ericsson Indonesia and PT Nokia Siemens Networks</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">April 17, 2008</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Technical Service Agreement (TSA) for
  combined 2G and 3G CS Core Network</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext 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 width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">March and June 2009</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext 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>
 </tr>
<tr>
  <td 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:8.0pt;">Telkomsel, PT Packet Systems
  Indonesia andPT Huawei</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 3, 2010</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext 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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel, PT Dimension Data
  Indonesia andPT Huawei</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 3, 2010</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext 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>
 </tr>
<tr>
  <td 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:8.0pt;">Telkomsel, Amdocs Software Solutions
  Limited Liability Company and PT Application Solutions</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 8, 2010</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext 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>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel and PT Application
  Solutions</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 8, 2010</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Technical Support Agreement  to
  provide technical support services for the OCS and SCP</font></p>
  </td>
 </tr>
<tr>
  <td 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:8.0pt;">Telkomsel, Amdocs Software Solutions
  Limited Liability Company and PT Application Solutions</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">July 5, 2011</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Development and Rollout agreement for
  Customer Relationship Management and Contact Center Solutions</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel and PT Huawei</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">March 25, 2013</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext 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>
 </tr>
<tr>
  <td 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:8.0pt;">Telkomsel and Wipro Limited, Wipro
  Singapore Pte. Ltd. and PT WT Indonesia</font></p>
  </td>
 <td width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">April 23, 2013</font></p>
  </td>
 <td width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Development and procurement of OSDSS
  Solution agreement</font></p>
  </td>
 </tr>
<tr>
  <td width=31% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel and PT Ericsson Indonesia</font></p>
  </td>
 <td width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">October 22, 2013</font></p>
  </td>
 <td width=43% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement of GGSN Service Complex
  Rollout agreement</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>





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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are originally
issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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;"><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:.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:.5in;margin-right:0in;margin-top:0in;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: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:10.0pt;">(i)&#160;&#160;&#160;&#160; As of September 30, 2016, 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><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; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:87.0%;">
 <tr>
  <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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=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:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td 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:9.0pt;">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><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=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:9.0pt;">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:9.0pt;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 style="font-size:9.0pt;">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;"><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=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:9.0pt;">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 style="font-size:9.0pt;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 style="font-size:9.0pt;">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:9.0pt;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-bottom:0in;margin-left: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;">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:9.0pt;">(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:9.0pt;text-decoration:none;">&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:9.0pt;">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;"><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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">BRI</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">350</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">March 14, 201</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">69</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=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:9.0pt;">&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 style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=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:9.0pt;">US$</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:9.0pt;text-decoration:none;">&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:9.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">BNI</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">250</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">March 31, 201</font><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">74</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:9.0pt;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 style="font-size:9.0pt;">&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;"><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=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:9.0pt;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 style="font-size:9.0pt;">US$</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:9.0pt;text-decoration:none;">&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:9.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Bank Mandiri</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">300</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">December 23, 2016</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">129</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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:9.0pt;">&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:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;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=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:9.0pt;">US$</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 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:9.0pt;text-decoration:none;">&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:9.0pt;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;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:9.0pt;">900</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 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:9.0pt;text-decoration:none;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;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:9.0pt;">274</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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>
</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:49.5pt;text-align:justify;text-indent:-13.5pt;"><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:1.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;text-indent:-20.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii) &#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 <br>
September 30, 2016, Telkomsel has issued a bank guarantee of Rp20 billion
(equivalent to US$1.5million) for a 3G&nbsp;performance bond (Note </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">35</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.i). The bank guarantee is valid
until March 24, 2016. As of the date of approval and authorization for the
issuance of the consolidated financial statements, the bank guarantee is not
extended.</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: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=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 September</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 25</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, 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 September
&#160;30, 2016, Telkomsel has issued a bank guarantee of Rp443 billion (equivalent
to US</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">$</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">33 million) as </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">payment commitment guarantee for
annual right of usage fee valid until </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">March</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">7&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
and </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Rp20 billion
(equivalent to US</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">$</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.5million)&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> for a 3G performance guarantee that
valid until May 31, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.
As of the date of approval and authorization for the extension of the facility
is still in process.</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: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;">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, 201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">7</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:60.75pt;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:56.7pt;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:6.0pt;">&nbsp;</font></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:56.7pt;text-align:justify;text-indent:-21.25pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(iii)
&#160; TII has a US$</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">15&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million bank guarantee from Bank
Mandiri. The facility will expire on </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 18, 2016</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> The </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">outstanding bank guarantee facility as
ofSeptember 30, 2016</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
amount</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ing&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> to US$</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">10 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">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:6.0pt;">&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: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;">(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: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;">With reference to the
Decision Letters No. 07/PER/M.KOMINFO/2/2006, No.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&nbsp;years) as set forth in the Decision Letters. The BHP is
payable upon receipt of the notification letter (&#8220;Surat Pemberitahuan
Pembayaran&#8221;) from the DGPI. The BHP fee is payable annually up to the expiry
date of the license.</font></p>

<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: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>

<b><font face=arial,sans-serif lang=IN style="font-size:11.0pt;"><br clear=all>


</font></b>
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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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: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;&#160;&#160;&#160;&#160;&#160;&#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:8.0pt;">&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:6.0pt;">&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: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;">With reference to the
Decision Letters No. 07/PER/M.KOMINFO/2/2006, No.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;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:1.0pt;">&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: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 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:8.0pt;">&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: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;">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.&#160; On June 27, 2014, the Company signed a CBTA with
Telkomsel to transfer such business and subscribers to Telkomsel (Notes 4,9b, 32).
Telkomsel has paid through an escrow account amounting to Rp2,121 billion for
this restructuring business and presented as Other Current Financial Assets
(Note 4). 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: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></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: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;">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,
201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">4</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></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>

<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>

<b><font face=arial,sans-serif lang=IN style="font-size:11.0pt;"><br clear=all>


</font></b>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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: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;&#160;&#160;&#160;&#160;&#160;&#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: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=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:7.0pt;">&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:7.0pt;">&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=EN-US 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=EN-US style="font-size:10.0pt;">&#160;&#160; Future minimum lease payments under the operating
lease agreements as of September 30, 2016 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=EN-US style="font-size:10.0pt;">&#160;&#160; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:88.4%;">
 <tr>
  <td valign=bottom width=26% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left: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=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:10.0pt;">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 lang=IN style="font-size:10.0pt;">&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: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-bottom:0in;margin-left:0in;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=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:10.0pt;">1-5years</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: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-bottom:0in;margin-left: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;">More than 5 years</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=26% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">As lessor</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-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;">2,670</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,030</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">1,637</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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=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:10.0pt;">As lessee</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:10.0pt;">17,948</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;">3,438</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;">10,98</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">5&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: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;">3,525</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;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>
</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=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=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;">5</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: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&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/orconnectioncharges. 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>

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

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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: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;&#160;&#160;&#160;&#160;&#160;&#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:7.0pt;">&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: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=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. 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:6.0pt;">&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: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;">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: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;">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: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;">In 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. On 22 September 2016, BANI decided that
BPPPTI should pay outstanding receivables from USO-PLIK and USO-MPLIK to the
Company amounting to Rp127 billion and Rp342 billion, respectively.</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:-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: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;">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&nbsp;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: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;">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: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;">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: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;">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:10.0pt;">&nbsp;</font></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_110"></a><a name="_bclPageBorder110"></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 face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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:.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 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></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:6.0pt;">&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 1,2,3,6and 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</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.&#160; </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=IN style="font-size:6.0pt;">&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=IN style="font-size:10.0pt;">On </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September 30, 2016</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> and December 31, 2015, the carrying value of the
Company's receivables and related Telkomsel USO program that is amortized using
the effective interest rate method are respectively Rp</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">178 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">billion and Rp179 billion(Note 5).</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: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:19.6pt;text-align:justify;text-indent:-1.6pt;"> <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 Rp43 billion as of September 30, 2016.</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. On June 18, 2008, in case No. 26/KPPU-I/2007, the Company, Telkomsel
and seven other local operators was investigated. 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=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;">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=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: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=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 in case </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">No.9
K/PDT.SUS-KPPU/2016 </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ruled </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">that the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">KPPU</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">win over this case</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">. 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;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;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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:6.0pt;">&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=EN-US style="font-size:10.0pt;layout-grid-mode:char;">b.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;layout-grid-mode:char;">&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 Company is a
defendant in a case filed in Makassar District Court by Andi Jindar Pakki and
his affiliates over a landproperty 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=EN-US style="font-size:6.0pt;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 (&#8220;SC&#8221;).</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:6.0pt;">&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 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></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=EN-US 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 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 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:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.0%;">
 <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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=65% 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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">, 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:7.0pt;">&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;"><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;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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;">U.S. dollar</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 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-bottom:0in;margin-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=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;">Japanese yen</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 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-bottom:0in;margin-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=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;">Others*</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 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-bottom:0in;margin-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;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;">Rupiah equivalent</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=left style="margin-bottom: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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Assets</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 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:7.0pt;">&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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Cash and cash equivalents</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:7.0pt;">290.21</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 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 lang=IN style="font-size:7.0pt;">7.02</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 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 lang=IN style="font-size:7.0pt;">16.88</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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 lang=IN style="font-size:7.0pt;">3,999</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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 current
  financial assets</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">8.93</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.56</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">123</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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:7.0pt;">Trade receivables</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: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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top 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;">&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:7.0pt;">&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=left style="margin-bottom:0in;margin-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;">&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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#b8cce4;padding:0in 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;">Related parties</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1.33</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.0pt;">Third parties</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:7.0pt;">94.28</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=top 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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">2.82</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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 lang=IN style="font-size:7.0pt;">1,263</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Other receivables</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.34</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.0pt;">Advances and other non-current
  assets</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:7.0pt;">4.37</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&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-bottom:0in;margin-left:0in;margin-right: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 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-bottom:0in;margin-left:0in;margin-right: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 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 lang=IN style="font-size:7.0pt;">52</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Total assets</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">399.36</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">7.02</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">20.6</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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">5,46</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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.0pt;">Liabilities</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 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 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-bottom: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=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=left style="margin-bottom: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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Trade payables</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.0pt;">Related parties</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:7.0pt;">(1.35</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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 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-bottom:0in;margin-left:0in;margin-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=35% style="background:#b8cce4;padding:0in 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;">Third parties</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(161.69</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(74.18</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(4.64</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(2,174</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">Other payables</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:7.0pt;">(23.48</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">(2.84</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(343</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Accrued expenses</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(41.70</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(70.80</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(552</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">Advances from customers and
  suppliers</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:7.0pt;">(0.48</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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 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-bottom:0in;margin-left:0in;margin-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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Current maturities of
  long-term liabilities</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(11.28</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(246</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">Promissory notes</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:7.0pt;">(0.13</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:7.0pt;">)</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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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 lang=IN style="font-size:7.0pt;">(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:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Long-term liabilities - net of
  current maturities</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(76.67</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(5,759.23</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(1,742</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">Total liabilities</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;">(316.7</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">8&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: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-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(6,672.11</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">(7.59</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">(5,08</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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=35% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">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=bottom width=15% style="background:#b8cce4;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;">82.</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">58&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;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;">(6,665.09</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=16% style="background:#b8cce4;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;">13.01</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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:#b8cce4;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;">380</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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>
</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=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:24.75pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-6.3pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;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:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.64%;">
 <tr>
  <td valign=bottom 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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=7 valign=bottom width=66% 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;">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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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;"><sup><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></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:7.0pt;">U.S. dollar</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 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-bottom: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;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;">Japanese yen</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 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-bottom:0in;margin-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=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;">Others*</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 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-bottom: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;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;">Rupiah equivalent</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=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:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Assets</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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:7.0pt;">Cash and cash equivalents</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:7.0pt;">494.19</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">11.37</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size: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 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-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6,957</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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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 current
  financial assets</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">30.37</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1.02</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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:7.0pt;">Trade receivables</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;">&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: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=left style="margin-bottom:0in;margin-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=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=left style="margin-bottom:0in;margin-left:0in;margin-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=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=left style="margin-bottom:0in;margin-left:0in;margin-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=34% style="background:#b8cce4;padding:0in 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;">Related parties</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1.69</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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 style="font-size:7.0pt;">Third parties</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: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-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">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-bottom:0in;margin-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=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;">1,453</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Other receivables</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.0pt;">Advances and other non-current
  assets</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:7.0pt;">3.88</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">54</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Total assets</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">11.37</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">12.64</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">8,927</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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:7.0pt;">Liabilities</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 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 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=left style="margin-bottom:0in;margin-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=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=left style="margin-bottom:0in;margin-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=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=left style="margin-bottom:0in;margin-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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Trade payables</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=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 style="font-size:7.0pt;">Related parties</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: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-bottom:0in;margin-left:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=34% style="background:#b8cce4;padding:0in 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;">Third parties</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(10.7</font><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;">)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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;">39&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(2,819</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">Other payables</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:7.0pt;">(22.26</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">(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-bottom:0in;margin-left:0in;margin-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=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;">(330</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Accrued expenses</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(34.45</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(25.45)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(0.18</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">Advances from customers and
  suppliers</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:7.0pt;">(0.48</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">(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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Current maturities of
  long-term liabilities</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(12.04</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">Promissory notes</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:7.0pt;">(1.99</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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;">(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 lang=IN style="font-size:7.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Long-term liabilities - net of
  current maturities</font></p>
  </td>
 <td valign=bottom width=15% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(6,143.18</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=16% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">(3,290</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:7.0pt;">Total liabilities</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;">(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-bottom:0in;margin-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=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;">(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-bottom:0in;margin-left:0in;margin-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=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: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-bottom:0in;margin-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=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: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-bottom:0in;margin-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=34% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">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=bottom width=15% style="background:#b8cce4;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;">173.56</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=16% style="background:#b8cce4;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;">(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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=16% style="background:#b8cce4;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;">8.42</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=16% style="background:#b8cce4;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,</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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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="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:5.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:24.75pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-6.3pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US 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>

<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: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: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: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=EN-US style="font-size:10.0pt;">If the Group reports
monetary assets and liabilities in foreign currencies as of September 30, 2016
using the exchange rates onOctober 24, </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;">lossamounted
to Rp</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">21 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:1.0pt;">&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: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=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:4.0pt;">&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=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=IN style="font-size:10.0pt;">Fair value of financial
assets and </font><font color=windowtext face=Arial,sans-serif lang=EN-US 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=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=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="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:6.0pt;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:85.74%;">
 <tr>
  <td valign=bottom width=62% style="padding:0in 0in 0in 0in;">
  <p align=center 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=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;">September</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 style="font-size:10.0pt;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=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;"><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;">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=bottom width=62% style="background:#b8cce4;padding: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;">Fair value of financial
  assetthrough profit or loss</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Derivative asset &#8211; put
  option</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: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;"><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;">172</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding: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;">Payables and receivables</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;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=bottom width=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Cash and cash equivalents</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:10.0pt;">28,852</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=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;">28,117</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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 receivables and other receivables,
  net</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">10,790</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 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=62% style="padding:0in 0in 0in 0in;">
  <p align=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 current financial
  assets</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:10.0pt;">3,429</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=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;">2,486</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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 non</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;">current assets</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">343</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">379</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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=62% style="padding: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;">Available-for-</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">s</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ale financial assets</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;">&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;"><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;"><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>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Available-for-sale
  securities</font></p>
  </td>
 <td valign=bottom width=18% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,169</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">160</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 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=62% style="padding: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 asset</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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">44,583</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom: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;">39,186</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="background:white;margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=EN-US 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;"><sup><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;text-decoration:none;">&nbsp;</font></b></sup></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"><br clear=all>


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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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: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;"><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=IN style="font-size:10.0pt;">Fair value of financial
assets and </font><font color=windowtext face=Arial,sans-serif lang=EN-US 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=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;">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:10.0pt;">&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 liabilites</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;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:84.78%;">
 <tr>
  <td valign=bottom width=63% style="padding:0in 0in 0in 0in;">
  <p align=center 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;">September</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 style="font-size:10.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">,&nbsp;</font></b><b><font color=windowtext face=Arial,sans-serif lang=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=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=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>
 </tr>
<tr>
  <td valign=top width=63% style="background:#b8cce4;padding: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;">Financial
  liabilities measuredat amortised cost</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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=top width=1% style="background:#b8cce4;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=17% style="background:#b8cce4;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=top width=1% style="background:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=63% style="padding:0in 0in 0in 0in;">
  <p align=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 and other payables</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">14,894</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;"><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=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;">14,284</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;"><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=top width=63% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Accrued
  expenses</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">10,765</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=63% style="padding: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;">Loans
  and other borrowings</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;">&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;"><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=17% 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=top 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>
 </tr>
<tr>
  <td valign=top width=63% style="background:#b8cce4;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=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">636</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=63% 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=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,455</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;"><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=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;">1,520</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;"><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=top width=63% style="background:#b8cce4;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=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">9,500</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=17% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=63% 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=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">16,738</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;"><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=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;">18,362</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;"><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=top width=63% style="background:#b8cce4;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=bottom width=19% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">4,314</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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=17% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;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>
 </tr>
<tr>
  <td valign=top width=63% style="padding: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=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">58,302</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;"><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=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;">57,143</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;"><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;">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;">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>

<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:1.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:88.8%;">
 <tr>
  <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 style="font-size:7.0pt;">&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: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=6% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;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=63% 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=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=18% 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:7.0pt;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">, 2016</font></b></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=IN style="font-size:7.0pt;">Carryingamount</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=6% 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=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:7.0pt;">Quoted prices in
  active markets for identicalassetsorliabilities</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;">(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=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 lang=IN style="font-size:7.0pt;">Significant
  otherobservableinputs</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;">(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=25% 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;">Significantunobservableinputs</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;">(level 3)</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>
 </tr>
<tr>
  <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=6% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-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=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 lang=IN style="font-size:7.0pt;">Available-for-sale
  securities</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;">1,169</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=bottom width=6% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1,169</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=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 style="font-size:7.0pt;">1,070</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=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;">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 style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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>
 </tr>
<tr>
  <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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;">Fair value through
  profit or loss</font></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:-10.95pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=6% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=20% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=25% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=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;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Total</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:7.0pt;">1,169</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 style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% 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;">1,169</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 style="font-size:7.0pt;">&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-bottom: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;">1,070</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 style="font-size:7.0pt;">&nbsp;</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 style="font-size:7.0pt;">99</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 style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=25% 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;">-</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">Financial
  liabilities for whichfair value are disclosed</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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>
 <td valign=bottom width=6% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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>
 <td valign=bottom width=18% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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>
 <td valign=bottom width=25% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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=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;">Liabilities</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=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>
 <td valign=bottom width=6% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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>
 <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 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>
 <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=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>
 <td valign=bottom width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=18% style="background:#b8cce4;padding:0in 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=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1,455</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=6% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1,489</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1,489</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=18% 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=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;">9,500</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=bottom width=6% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">10,305</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=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 style="font-size:7.0pt;">9,771</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=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;">-</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=bottom width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">534</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=18% style="background:#b8cce4;padding:0in 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=bottom width=13% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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;">6</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;">738&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=6% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">17,202</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right: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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;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=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">17,202</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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=18% 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;">Obligation under
  finance lease</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 style="font-size:7.0pt;">4,314</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=bottom width=6% 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;">4,314</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=bottom width=20% 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>
 <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;">-</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=bottom width=25% 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;">4,314</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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=13% style="background:#b8cce4;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;">32,007</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=6% style="background:#b8cce4;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;">33,310</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=20% style="background:#b8cce4;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;">9,771</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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="background:#b8cce4;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom: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=25% style="background:#b8cce4;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;">23,539</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-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: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>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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:9.0pt;">&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=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=IN style="font-size:10.0pt;">Fair value of financial
assets and </font><font color=windowtext face=Arial,sans-serif lang=EN-US 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=EN-US 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=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:-.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;">Fair value (continued)</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:88.52%;">
 <tr>
  <td valign=bottom width=39% style="padding:0in 0in 0in 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: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=11% style="padding:0in 0in 0in 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: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=11% style="padding:0in 0in 0in 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: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=5 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:7.0pt;">Fair value
  measurement at reporting date using</font></b></p>
  </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=39% 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: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>
 <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;">Carryingamount</font></b></p>
  </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;">Fair Value</font></b></p>
  </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=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;">Quoted
  prices in active markets for identicalassets orliabilities</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;">(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: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;">Significant
  otherobservableinputs</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;">(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: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;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;">Significantunobservableinputs</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;">(level 3)</font></b></p>
  </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=39% style="background:#b8cce4;padding:0in 0in 0in 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;">Financial assets</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=top width=1% style="background:#b8cce4;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=top width=1% style="background:#b8cce4;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=1% style="background:#b8cce4;padding:0in 0in 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="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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=top width=1% style="background:#b8cce4;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:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="padding:0in 0in 0in 0in;">
  <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;">Available-for-sale
  securities</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=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 lang=IN style="font-size:7.0pt;">160</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=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 lang=IN style="font-size:7.0pt;">160</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=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 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=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 lang=IN style="font-size:7.0pt;">105</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=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=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="padding:0in 0in 0in 0in;">
  <p align=right style="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=39% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Fair value
  through profit or loss</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=39% style="padding: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;">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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">332</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">332</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">55</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:7.0pt;">&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:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">105</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:7.0pt;">&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:7.0pt;">172</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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="background:#b8cce4;padding: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;">Financial
  liabilities for whichfair value are disclosed</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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 style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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 style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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 style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=11% style="background:#b8cce4;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 style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=12% style="background:#b8cce4;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 style="font-size:7.0pt;">&nbsp;</font></b></sup></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><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=39% style="padding:0in 0in 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;">Liabilities</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: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;">&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: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;">&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: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;">&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: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;">&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: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=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:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=39% style="background:#b8cce4;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:7.0pt;">Two-step
  loans</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1,520</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1,538</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1,538</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=39% 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:7.0pt;">Bonds
  and notes</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=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 lang=IN style="font-size:7.0pt;">9,548</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=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 lang=IN style="font-size:7.0pt;">9,541</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=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 lang=IN style="font-size:7.0pt;">8,972</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=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 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: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;">569</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=bottom width=39% style="background:#b8cce4;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:7.0pt;">Long-term
  bank loans</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">18,362</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">18,314</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">18,314</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=39% 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:7.0pt;">Obligation
  under finance lease</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=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 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=right style="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=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">4,580</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=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 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: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=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size: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;"><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;">4,580</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=bottom width=39% style="background:#b8cce4;padding: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;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;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;">34,010</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;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;">33,973</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;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;">8,972</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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=11% style="background:#b8cce4;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;">-</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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:#b8cce4;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;">25,001</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="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-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=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; &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-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=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Available-for-sale
financial assets primarily consist of mutual funds, and Corporate and
Government bonds. Mutual funds actively traded in an established market are
stated at Fair Value using quoted market price and classified within level 1. 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=EN-US style="font-size:7.0pt;">&nbsp;</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=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 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. The valuation of put option requires significant management
judgement due to the absence of quoted market prices and the lack of comparable
instruments in the market.</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=EN-US 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 September 30, 2016</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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:53.85pt;text-align:justify;"><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:.75in;width:89.58%;">
 <tr>
  <td valign=bottom width=62% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">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;"><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;">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 style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Beginning balance</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">172</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">290</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=62% 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=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(172</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <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=18% style="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: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=62% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Ending balance</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=18% style="background:#b8cce4;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;">290</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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:7.0pt;">&nbsp;</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:10.0pt;">As the put option is
subject to restrictions on redemption (such as transfer restrictions and
initial lock-up periods) and observable activity for the investment is limited,
this investment is therefore classified within level 3 of the fair value
hierarchy.</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>

<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=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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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: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=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=IN style="font-size:10.0pt;">Fair value of financial
assets and </font><font color=windowtext face=Arial,sans-serif lang=EN-US 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=EN-US 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=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;">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;">Fair value measurement</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;">&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:7.0pt;">&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:7.0pt;">&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: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:-.25in;"><font color=windowtext face=Arial,sans-serif lang=EN-US 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;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: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 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: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: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;">Financial risk management is carried out 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 </font><font color=windowtext face=Arial,sans-serif lang=EN-US 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=EN-US 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;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: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;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US 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=EN-US 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 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:7.0pt;">&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: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:7.0pt;">&nbsp;</font></p>

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




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


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</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=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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:70.9pt;margin-right:0pt;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-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; 2.&#160;&#160; Financial
risk management (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:7.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &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=EN-US 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=EN-US 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><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> (continued)</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: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;">Increasing risks of foreign currency exchange
rates on the obligations 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;">he Group are expected to be offset by</font><font color=windowtext face=Arial,sans-serif lang=EN-US 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=EN-US 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><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#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:7.0pt;">&nbsp;</font></b></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=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;">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=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;"> financial assets and </font><font color=windowtext face=Arial,sans-serif lang=EN-US 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=EN-US 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=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.46%;">
 <tr>
  <td valign=bottom width=32% style="padding:0in 0in 0in 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=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:8.0pt;">September </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">, 2016</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 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=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: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=32% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 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=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;">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=2% style="padding:0in 0in 0in 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=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">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=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;">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=32% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=16% style="background:#b8cce4;padding:0in 0in 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;">0.40</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="background:#b8cce4;padding:0in 0in 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=2% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=16% style="background:#b8cce4;padding:0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="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=32% style="padding:0in 0in 0in 0in;">
  <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=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:8.0pt;">(0.32</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</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:8.0pt;">(6.67</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</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: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=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: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=32% style="background:#b8cce4;padding:0in 0in 0in 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=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 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;">0.08</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 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;">(6.6</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=2% style="background:#b8cce4;padding:0in 0in 0in 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;">)</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;padding:0in 0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p 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:#b8cce4;padding: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>

<p style="background:white;margin-bottom:.0001pt;margin-left:.75in;margin-right:0pt;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>

<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;">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;">&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 September 30,
2016 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:.25in;text-align:justify;"><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:.75in;width:89.3%;">
 <tr>
  <td valign=top width=74% 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=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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=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=top width=74% style="background:#b8cce4;padding:0in 0in 0in 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;">September</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 style="font-size:10.0pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">, 2016</font></b></p>
  </td>
 <td valign=bottom width=25% style="background:#b8cce4;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:#b8cce4;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=top width=74% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">U.S. dollar (1%
  strengthening)</font></p>
  </td>
 <td valign=bottom width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">10</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=74% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(43</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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>
</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 September 30,
2016 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;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:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:17.0pt;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">b. &#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=EN-US style="font-size:7.0pt;">&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=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;">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 cha</font><font color=windowtext face=Arial,sans-serif lang=EN-US 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=EN-US 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=EN-US style="font-size:7.0pt;">&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=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</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;"> available-for-sale investments </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;">
monitored periodically, together with a regular asses</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;">ment of
their relevance to </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</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;"> long</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;">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=EN-US style="font-size:10.0pt;">September
30, 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:10.0pt;">&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=EN-AU style="font-size:10.0pt;">&nbsp;</font></p>




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


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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:70.9pt;margin-right:0pt;margin-top: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-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; 2.&#160;&#160; Financial
risk management (continued)</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; 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=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=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;">15, 16a, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">6b, </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;">16c</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">).
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 Groupprimarily 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=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;">At reporting date, the interest rate profile of the
Group&#8217;s interest-bearing borrowings was as follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:88.98%;">
 <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 style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</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=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 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 style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Fixed rate borrowings</font></p>
  </td>
 <td valign=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(16,399</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(16,687</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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;">Variable rate borrowings</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;">(16,244</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;">(17,925</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=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;"><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: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</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September 30, 2016, a decrease (increase) by 25 basis
points in interest rates of variable rate borrowings would have increased
(decreased) equity and profit or loss by<br>
Rp41 billion, respectively. This analysis assumes that all other variables, in
particular foreign currency rates, remain constant.</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: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=IN style="font-size:10.0pt;">d.</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;">Credit risk</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=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;margin-left:.75in;text-align:justify;"><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:.75in;width:88.98%;">
 <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 style="font-size:10.0pt;">September</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 style="font-size:10.0pt;">0</font></b><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=left style="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=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">28,852</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Other current financial assets</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3,429</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><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;">2,818</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=20% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">10,790</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">Other non-current assets</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;">343</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=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</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=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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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;">43,414</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <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 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;">eceivablebalances
exceed 4.12% of trade receivables of </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">September
30, 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=EN-US 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=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 ha</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">srecogniz</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=EN-US 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=EN-US 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=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:7.0pt;">&nbsp;</font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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: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;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; &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:-.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=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 ha</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;"> 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=EN-US style="font-size:10.0pt;">meett</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=EN-US 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=EN-US 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=EN-US 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=EN-US 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=EN-US 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=EN-US 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=EN-US 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=EN-US 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:89.04%;">
 <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;"><b><font color=windowtext face="arial bold" style="font-size:7.5pt;">&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 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=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=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 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=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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;"><sup><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;">September</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;"> 3</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">0</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">, 2016</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=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:7.5pt;">Trade and other payables</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:-.15pt;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">14,894</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 style="font-size:7.5pt;">&nbsp;</font></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 style="font-size:7.5pt;">(14,894</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 style="font-size:7.5pt;">)</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:7.5pt;">(14,894</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 style="font-size:7.5pt;">)</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:7.5pt;">-</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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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:7.5pt;">-</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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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:7.5pt;">-</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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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:7.5pt;">-</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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Accrued expenses</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">10,765</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(10,765</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(10,765</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.5pt;">Loans and other borrowings</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:7.5pt;">&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=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:7.5pt;">&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=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:7.5pt;">&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=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:7.5pt;">&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=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:7.5pt;">&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=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:7.5pt;">&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=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:7.5pt;">&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=25% style="background:#b8cce4;padding:0in 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:7.5pt;">Bank loans</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">17,3</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">74&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(21,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">3</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">24&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(4,935</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(1,5</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">3</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(7,215</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(2,8</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">6</font><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(4,7</font><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;">3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Bonds and notes</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:7.5pt;">9,499</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 style="font-size:7.5pt;">&nbsp;</font></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 style="font-size:7.5pt;">(20,148</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;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">)</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:7.5pt;">(1,017</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(418</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(850</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(1,228</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(16,635</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% style="background:#b8cce4;padding:0in 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:7.5pt;">Obligations under finance
  leases</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">4,314</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(4,474</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(304</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(887</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(806</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(781</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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;">(1,696</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom 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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Two-step loans</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:7.5pt;">1,455</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=9% 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:7.5pt;">(1,684</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(294</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(106</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(255</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(227</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">)</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:7.5pt;">(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 style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=bottom width=10% style="background:#b8cce4;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;">58,301</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=9% style="background:#b8cce4;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;">(73,289</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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;">(32,</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">2</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">09&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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;">(2,9</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.5pt;">4</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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;">(9,126</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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;">(5,096</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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;">(23,9</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;">6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></sup></p>

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

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:89.32%;">
 <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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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 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=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 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;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">&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 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=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size: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=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">2020 and thereafter</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>
 </tr>
<tr>
  <td valign=bottom width=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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=top width=1% style="background:#b8cce4;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:7.5pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;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="background:#b8cce4;padding:0in 0in 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=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:7.5pt;">Trade and other payables</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:7.5pt;">14,284</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:7.5pt;">&nbsp;</font></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:7.5pt;">(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=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:7.5pt;">(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=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:7.5pt;">-</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=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:7.5pt;">-</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=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:7.5pt;">-</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=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:7.5pt;">-</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=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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;">Accrued expenses</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-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=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:7.5pt;">Loans and other borrowings</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:7.5pt;">&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:7.5pt;">&nbsp;</font></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 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=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:7.5pt;">&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=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:7.5pt;">&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=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:7.5pt;">&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=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:7.5pt;">&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=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:7.5pt;">&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=25% style="background:#b8cce4;padding:0in 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:7.5pt;">Bank loans</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Bonds and notes</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:7.5pt;">9,548</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:7.5pt;">&nbsp;</font></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:7.5pt;">(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=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:7.5pt;">(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=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:7.5pt;">(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=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:7.5pt;">(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=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:7.5pt;">(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=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:7.5pt;">(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=25% style="background:#b8cce4;padding:0in 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:7.5pt;">Obligations under finance
  leases</font></p>
  </td>
 <td valign=bottom width=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=9% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=10% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-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=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:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.5pt;">Two-step loans</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:7.5pt;">1,520</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:7.5pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% 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=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:7.5pt;">(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=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:7.5pt;">(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=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:7.5pt;">(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=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:7.5pt;">(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=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:7.5pt;">(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=25% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=bottom width=10% style="background:#b8cce4;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=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left: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=9% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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=10% style="background:#b8cce4;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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom: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;"><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-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="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

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




<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><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-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:1.0pt;">&nbsp;</font></b></p>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These
consolidated financial statements are originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;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:96.64%;">
 <tr>
  <td valign=bottom width=34% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=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:9.0pt;">September</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;"> 3</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">0</font></b><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 style="font-size:9.0pt;">&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 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: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=34% style="padding:0in 0in 0in 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 style="font-size:9.0pt;">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 style="font-size:9.0pt;">&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:9.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&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:9.0pt;">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 style="font-size:9.0pt;">&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:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">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;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% style="background:#b8cce4;padding:0in 0in 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;">Short-term debts</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">637</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">0.54%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">602</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">0.55%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=34% style="padding:0in 0in 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;">Long-term debts</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:9.0pt;">32,642</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <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:9.0pt;">27.92%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <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:9.0pt;">34,010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <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:9.0pt;">30.99%</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:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% style="background:#b8cce4;padding:0in 0in 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;">Total debts</font></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">33,279</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">28.46%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=16% style="background:#b8cce4;padding:0in 0in 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;">34,612</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=15% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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;">31.54%</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=34% 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;">Equity
  attributable to owners of the parent company</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:9.0pt;">83,619</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <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:9.0pt;">71.54%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <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:9.0pt;">75,136</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <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:9.0pt;">68.46%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=34% style="background:#b8cce4;padding:0in 0in 0in 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</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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;">116,898</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#b8cce4;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;">100.00%</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=16% style="background:#b8cce4;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">109,748</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 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=15% style="background:#b8cce4;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;">100.00%</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:17.85pt;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 </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: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;">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.&#160; 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: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;">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: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;">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: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 </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 September 30, 2016</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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:7.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:96.26%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=center 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;">September</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 style="font-size:10.0pt;">0</font></b><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=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=bottom width=1% style="padding:0in 0in 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=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=19% style="background:#b8cce4;padding:0in 0in 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;">33,279</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=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:#b8cce4;padding:0in 0in 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=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">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=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">(28,852</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">)</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;">(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 style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=19% style="background:#b8cce4;padding:0in 0in 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;">4,427</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding: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=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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:#b8cce4;padding:0in 0in 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=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total equity
  attributable to owners of the parent company</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">83,619</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=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;">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;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 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=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 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;">5.29%</font></b></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 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;">8.64%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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: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;">As stated in Notes 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;">, 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 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">nine&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
months period ended </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September
30, 2016</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 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;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;">&nbsp;</font></p>




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


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></i></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=EN-US style="font-size:10.0pt;">PT TELEKOMUNIKASI
INDONESIA Tbk  AND 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;">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</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nine</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-Month Period Ended </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">September&nbsp;</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;">0</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 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=EN-US style="font-size:10.0pt;">&#160;(Figures
in tables are expressed in billions of rupiah, unless otherwise stated)</font></b></p>

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

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p 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=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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-bottom:0in;margin-left:4.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-4.5in;"><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;"><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=EN-US style="font-size:10.0pt;">&#160;&#160; The non-cash investing activities for the years
ended September 30, 2016</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> 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;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:96.26%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 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=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <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=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 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:#b8cce4;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=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Trade
  payables</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3,333</font></p>
  </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 style="font-size:10.0pt;">4,045</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#b8cce4;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;">Obligations
  under finance leases</font></p>
  </td>
 <td valign=bottom width=19% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">308</font></p>
  </td>
 <td valign=bottom width=1% style="background:#b8cce4;padding:0in 0in 0in 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:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">554</font></p>
  </td>
 <td valign=top width=1% style="background:#b8cce4;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="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-bottom:0in;margin-left:33.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.4pt;"><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;">On October 3, 2016, PT.
Dayamitra Telekomunikasi had credit agreement with Bank of Tokyo Mitsubishi
UFJ, Ltd., amounting to Rp500 billion.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:33.6pt;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-bottom:0in;margin-left:33.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.4pt;"><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; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On October 7, 2016
and October 11, 2016 Telkom Akses redeemed its credit facilityfrom BNI
amounting to Rp216 billion and Rp230.7 billion, respectively.</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="background:white;margin-bottom:0in;margin-left:33.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.4pt;"><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;">On October 21, 2016,
the Company and PT Telkom signed a closing agreement of Conditional Business
Tranfer Agreement (Note 35c.ii) which stated that all coniditions as mentioned
in the agreement have been met.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:33.6pt;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-bottom:0in;margin-left:33.6pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-15.4pt;"><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; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On October 24, 2016,
Telkomsel repaid part of its loan in club-deal facility amounting to Rp1,000
billion and USD50 million.</font></p>

<p style="background:white;margin-bottom:0in;margin-left:33.6pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

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



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