SUBSIDIARIES, ASSOCIATED COMPANIES, AND JOIN VENTURES

Government of 52.09%

Public 47.91%

100% 65% 100% 100% 100%

30.95%

0.01%

99.9% 51% 49% 60% 51% 49% 60% 51%

0.01% 0.01% 0.01% 0.01%

30.4% 52% 48% 99.9% 99.9% 99.9% 60% 99.9%

PT. Satelit Multimedia Indonesia

Notes: Direct Subsidiaries (consolidated)

Indirect Subsidiaries (consolidated)

Unconsolidated

80 PT (Persero) Tbk | 2018 Annual Report 1 Telkom Highlights Telkom

2 and Directors of Commissioners of Report of The Board of Report

3 About Telkom

4

100% 100% 100% 100% 100% 100% Discussion Analysis and Analysis

5 24% 100% 100% 100% 100% 51% 100% 55% Corporate Governance

6

100% 70% 70% Responsibility Corporate Social USA MALAYSIA 7 15.67% 25% 4.33% Community Partnership and Development Program Development 8 Appendices

9

PT Telkom Indonesia (Persero) Tbk | 2018 Annual Report 81 Consolidated Financial Statements Financial As of December 31, 2018, Telkom consolidated the fnancial statements of all subsidiaries owned directly or indirectly as follows:

SUBSIDIARIES WITH DIRECT OWNERSHIP

Operational Total Asset Company Share Ownership Business Field Address Status (Rp billion) PT Telekomunikasi 65% Operating 82,650 Telkom Landmark Selular provides Tower 1st 20th foor, , Indonesia telecommunication The Telkom Hub. facilities and mobile Jl. Jend Gatot celluler services Subroto Kav. 52 using Global Jakarta, 12710, Systems for Mobile Indonesia Communication (GSM) PT Dayamitra 100% Telecommunication Operating 13,053 Telkom Landmark Telekomunikasi Tower 25 th27th foor, Jakarta, Indonesia The Telkom Hub. Jl. Jend Gatot Subroto Kav. 52 Jakarta, 12710, Indonesia PT Multimedia 100% Network Operating 16,524 Telkom Landmark Nusantara telecommunication Tower 41st foor, Jakarta, Indonesia services and The Telkom Hub. multimedia Jl. Jend Gatot Subroto Kav. 52 Jakarta, 12710, Indonesia PT Telekomunikasi 100% Telecommunication Operating 10,408 Telkom Landmark Indonesia Tower 16 th17th foor, International The Telkom Hub. Jakarta, Indonesia Jl. Jend Gatot Subroto Kav. 52 Jakarta, 12710, Indonesia PT Telkom Akses 100% Construction, service Operating 4,244 Telkom Building, Jakarta, Indonesia and trade in the feld West Jakarta. Jl. telecommunication S. Parman Kav. 8 West Jakarta, 11440, Indonesia PT Graha Sarana 100% Leasing of offces and Operating 5,805 Multimedia Tower. Duta providing building Jl. Kebon Sirih No. Jakarta, Indonesia management and 10, Central Jakarta, maintenance services, 10110, Indonesia civil consultant and developer

82 PT Telkom Indonesia (Persero) Tbk | 2018 Annual Report 1 Telkom Highlights Telkom

2 and Directors of Commissioners of Operational Total Asset The Board of Report Company Share Ownership Business Field Address Status (Rp billion) PT PINS Indonesia 100% Telecommunication Operating 4,004 Telkom Landmark 3 Jakarta, Indonesia construction and Tower 42nd foor, services The Telkom Hub. Jl. Jend Gatot

Subroto Kav. 52 About Telkom Jakarta, 12710, Indonesia PT Infrastruktur 100% Construction, Operating 3,351 Telkom Landmark Telekomunikasi service and trade Tower 19th foor, 4 Indonesia in the feld of The Telkom Hub. Jakarta, Indonesia Jl. Jend Gatot Subroto Kav. 52

Jakarta, 12710, Discussion Analysis and Analysis Indonesia PT Telkom 100% Telecommunication Operating 3,192 Telkom Landmark Indonesia Satelit provides satellite Tower 21st foor, 5 Jakarta, Indonesia communication The Telkom Hub. system, services and Jl. Jend Gatot facilities Subroto Kav. 52 Jakarta, 12710, Corporate Indonesia Governance PT Metranet 100% Multimedia portal Operating 782 Mulia Business Jakarta, Indonesia service Park, J Building. Jl. Leten MT Haryono 6 Kav. 58 60 Pancoran, Jakarta, 12780, Indonesia PT Jalin 100% Payment services Operating 298 Dea Tower, 1st th Pembayaran principal, switching, Tower, 8 foor. Jl. Responsibility Corporate Social Nusantara clearing and Mega Kuningan Jakarta, Indonesia settlement activities Barat IX Kav. E.4.3 No. 1 Jakarta, 7 12950, Indonesia PT Napsindo 60% Telecommunication Ceased Operations 5 Primatel provides Network on January 13, Internasional Access oint (NAP), 2006 Community

Jakarta, Indonesia Voice Over Data (VOD) Partnership and Development Program Development and other related services 8 Appendices

9

PT Telkom Indonesia (Persero) Tbk | 2018 Annual Report 83 Consolidated Financial Statements Financial SUBSIDIARIES WITH INDIRECT OWNERSHIP

Share Operational Total Asset Company Business Field Description Ownership Status (Rp/billion) PT Sigma Cipta 100% Information technology Operating 7,785 Telkom Landmark Tower Caraka service system 23rd foor, The Telkom Hub. Tangerang, implementation and Jl. Jend Gatot Subroto Indonesia integration service, Kav. 52 Jakarta, 12710, outsourcing and Indonesia software license maintenance Telekomunikasi 100% Telecommunication Operating 3,413 Maritime Square, 09 Indonesia 63 Harbour Front Center, International Pte. Singapore 099253 Ltd., Singapore PT Infomedia 100% Data and information Operating 2,389 PT Infomedia Nusantara Nusantara services provides Head Offce. Jl. RS. Jakarta, Indonesia telecommunication Fatmawati 7781 Jakarta, information services 12150, Indonesia and other information services in the form of print and electronic media and call center services PT Telkom 55% Service for property Operating 2,128 Telkom Landmark Tower, Landmark Tower development and The Telkom Hub. Jakarta, Indonesia management Jl. Jend Gatot Subroto Kav. 52 Jakarta, 12710, Indonesia PT Metra Digital 100% Directory information Operating 1,339 Telkom Landmark Tower Media services 18th foor, The Telkom Hub. Jakarta, Indonesia Jl. Jend Gatot Subroto Kav. 52 Jakarta, 12710, Indonesia PT Finnet Indonesia 60% Information technology Operating 1,011 Bidakara Tower 1, 12th Jakarta, Indonesia services foor. Jl. Jend. Gatot Subroto Kav. 71 73, South Jakarta, 12870 Indonesia TS Global Network 70% Satellite service Operating 832 Teknorat street, Sdn. Bhd Cyber 3, 6300 Cyberaya, Petaling Jaya, Selangor Darul Ehsan, Malaysia Malaysia Telekomunikasi 100% Telecommunication Operating 1,185 Suite 905, 9/F, Ocean Indonesia Centre, 5 Canton Road, International Ltd., Tsim Sha Tsui, Kowloon, Hong Kong Hong Kong PT Metra Digital 100% Trading and/or providing Operating 979 Telkom Landmark Tower, Investama service related to The Telkom Hub. Jakarta, Indonesia information and 21st foor. Jl. Jend Gatot technology, multimedia, Subroto Kav. 52 Jakarta, entertainment and 12710, Indonesia investment

84 PT Telkom Indonesia (Persero) Tbk | 2018 Annual Report 1 Telkom Highlights Telkom

2

Share Operational Total Asset Company Business Field Description

Ownership Status (Rp/billion) and Directors of Commissioners of Telekomunikasi 100% Telecommunication Operating 677 Timor Plaza 4th Floor, The Board of Report Indonesia Rua Presidente Nicolao International S.A., Lobato, Comoro, Dili 3 Dili, Timor Leste Timor Leste PT Nusantara 100% Service and trading Operating 290 Multimedia Tower, Sukses Investasi Annex Building 2nd About Jakarta, Indonesia foor. Jl. Kebon Sirih No. Telkom 1012, Central Jakarta, Indonesia PT Administrasi 100% Health insurance Operating 346 STO Telkom Gambir 4 Medika administration services C Building 3rd foor. Jl. Jakarta, Indonesia Medan Merdeka Selatan No. 12, Central Jakarta, 10110, Indonesia Discussion PT Melon 100% Digital content exchange Operating 457 Telkom Landmark Tower and Analysis Jakarta, Indonesia hub services 45th foor, The Telkom Hub. Jl. Jend Gatot Subroto Kav. 52 Jakarta, 12710, 5 Indonesia

PT Metraplasa 60% Network and Operating 168 Mulia Business Park, J

Jakarta, Indonesia ecommerce services Building. Jl. Leten MT Corporate Governance Haryono Kav. 58 60 Pancoran, Jakarta 12780, Indonesia PT Graha Yasa 51% Tourism service Operating 250 Jl. Cimanuk No. 33 6 Selaras Jakarta, Indonesia Telekomunikasi 100% Telecommunication Operating 115 Level 4, 241 Indonesia Commonwealth Street Responsibility International Surry Hills NSW 2010, Corporate Social Australia Pty. Ltd., Australia Sydney, Australia 7 PT Nutech Integrasi 60% System integrator Operating 93 Jl. Tanung Barat Raya, Jakarta, Indonesia No. 17, Pasar Minggu, South Jakarta, 12510, Indonesia Community

Telekomunikasi 100% Telecommunication Operating 57 800 Wilshire Boulevard, Partnership and

Indonesia Suite 620 Los Angeles, Program Development International Inc., California 90017 Los Angeles, USA 8 PT Satelit 100% Satellite service Operating 16 Telkom Landmark Tower Multimedia 41st foor, The Telkom Hub. Indonesia Jl. Jend Gatot Subroto

Jakarta, Indonesia Kav. 52 Jakarta, 12710, Appendices Indonesia 9

PT Telkom Indonesia (Persero) Tbk | 2018 Annual Report 85 Consolidated Financial Statements Financial Share Operational Total Asset Company Business Field Description Ownership Status (Rp/billion) Telekomunikasi 70% Telecommunication Operating 76 Suite 73, Level 7, Wisma Indonesia UOA II No. 21, Jalan International Pinang, KLCC, 50450, (Malaysia) Sdn. Kuala Lumpur, Malaysia. Bhd. Kuala Lumpur, Malaysia PT Swadharma 51% System Integrator Operating 460 St Arteri JORR, No. 70, Sarana Informatika Services Jati Melati, Pondok Jakarta, Indonesia Melati, Bekasi, Indonesia.

86 PT Telkom Indonesia (Persero) Tbk | 2018 Annual Report