External Auditors

In conducting its operations, Bank Mandiri is supervised by Bank Indonesia and the Financial Services Authority (OJK). In addition, aspects related to the state finances are audited by the State Audit Board, while the presentation of the Company’s financial statements are attested by a Public Accountant’s Firm.

APPOINTMENT OF EXTERNAL AUDITOR

The firm of Tanudiredja, Wibisana & Rekan was appointed by Bank Mandiri to audit its financial statements for 2014 in accordance with the resolution of the AGM on 27 February 2014. The appointment was made in accordance with Bank Indonesia, OJK and other relevant regulations.

The appointment was made after verification that the External / Independent Auditor complies with the principles of professional ethics, which include: 1. professional responsibility; 2. Public interest; 3. Integrity; 4. Objectivity; 5. Professional competence and care; 6. Confidentiality; 7. Professional Conduct; 8. Technical standards

The process of appointing the external auditor was as follows: 1. The Board of Commissioners submitted a request to the Board of Directors to conduct pitching of Public Accountant Firm for audit of 2014 financial statements. 2. Bank Mandiri held a procurement process to select Public Account Firm, started with the establishment of Procurement Team of Public Accountant Firm in relation to the procurement of 2014 financial statements audit service and ended with evaluation of technical and financial aspects of the proposals submitted by the Bidders. 3. The Board of Directors submitted the result of evaluation of technical and financial aspects of the proposals submitted by Bidders to the Audit Committee. 4. The Audit Committee gave recommendation on the appointment of Public Accountant Office that would audit the 2014 financial statements to the Board of Commissioners for presentation at AGM.

5. The Board of Commissioners proposed to the AGM the Public Accountant Firm that would audit the 2013 financial statements. 6. The AGM held on 27 February 2014 resolved: a. To appoint KAP Tanudiredja, Wibisana & Rekan as the Public Accountant Firm that would audit the 2014 financial statements b. To confer power upon the Board of Commissioners to determine the fee and other requirements for the selected Public Accountant Firm. 7. Bank Mandiri delivered Notice to Bidders regarding the results of AGM

CONDUCT OF AUDIT

In the conducting of external audits, Bank Mandiri always strives to improve communication with the public accounting firm, with the Directorate of Internal Audit being responsible for coordinating its activities with the activities of the External Auditor. Through this coordination, is expected that comprehensive and optimal audit results can be achieved. Coordination is effected through regular meetings to discuss matters of importance to both sides. In addition, the Directorate of Internal Audit assists the Audit Committee evaluate the performance of the External Auditor, covering such aspects as the External Auditor’s understanding of the issues faced by the Bank, collaboration, communication, experience, expertise and output.

OTHER SERVICES PROVIDED Other attestation services in addition to the auditing of the annual financial statements are agreed evaluation of the reliability of the reporting system to Bank Indonesia, PSA 62 audit, the security of the scripless securities recording system, custodian service, evaluation of Bank Mandiri’s performance, and evaluation of the PKBL’s performance.

AUDIT FEE The amount of fee for the External Auditor, Tanudiredja, Wibisana & Rekan, for the 2014 financial year was Rp 8.3 billion. The Audit Fee is inclusive with other services (attestation services) provided by the External Auditor as mentioned at above paragraph.

NON AUDIT FEE There were no additional services provided by the External Auditor, therefore, the non audit fee for the year 2014 is zero.

Notes : Pursuant to Otoritas Jasa Keuangan Regulation (Financial Service Authority) previously known as Peraturan Badan Pengawas Pasar Modal – Lembaga Keuangan (Capital Market & Financial Institution Supervisory Agenc) VIII.A.2, the External Auditor should act independently, hence the External Auditor is not allow to provide services other than audit and attestation services

PUBLIC ACCOUNTANT’S FIRMS AND AUDIT PERIODS

The following Public Accountant’s Firms have audited Bank Mandiri’s Financial Statements between 2009 and 2014.

Financia Name of Public Accountant’s Firm Number of Accountant Accounting l Year Periods per Period Firm 2009 Haryanto Sahari & Rekan (Price water 1 Drs. Haryanto Sahari, CPA 3 house Coopers) 2010 Tanudiredja, Wibisana & Rekan (PwC) Drs. Haryanto Sahari, CPA 2011 Tanudiredja, Wibisana & Rekan (PwC) Drs. Haryanto Sahari, CPA 2012 Tanudiredja, Wibisana & Rekan (PwC) 5 Lucy Luciana Suhenda, SE, 1 AK,CPA 2013 Tanudiredja, Wibisana & Rekan (PwC) Drs. Haryanto Sahari, CPA 2 2014 Tanudiredja, Wibisana & Rekan (PwC) Drs. Haryanto Sahari, CPA