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Other transactions that had no effect on the composition of the Group

OTE share buy-back

The extraordinary shareholders’ meeting of OTE S.A. on January 18, 2022 resolved to retire 8,638,512 treasury shares, which had been acquired as part of a share buy-back program, with a corresponding capital reduction of around EUR 24 million. The shares were retired from the Athens Stock Exchange on February 22, 2022. As a result, Deutsche Telekom’s share in OTE increased from 48.29 % to 49.22 %, and stood unchanged at 49.22 % as of June 30, 2022.

The shareholders’ meeting of OTE S.A. on May 25, 2022 resolved to retire another 5,617,282 treasury shares, which had been acquired as part of a share buy-back program, with a corresponding capital reduction of around EUR 16 million. The shares were retired from the Athens Stock Exchange on July 12, 2022. As a result, Deutsche Telekom’s share in OTE increased from 49.22 % to 49.85 % as of July 12, 2022.

Increase of the stake in T‑Mobile US

In keeping with the declared strategic goal of securing control of T‑Mobile US in the long term, on April 12, 2022, Deutsche Telekom acquired a total of around 21.2 million additional T‑Mobile US shares from SoftBank for a purchase price of USD 2.4 billion (EUR 2.2 billion). To this end, Deutsche Telekom exercised a further portion of the stock options it had received from SoftBank in June 2020 to purchase shares in T‑Mobile US. This gives a weighted average price of around USD 113 per T‑Mobile US share. Upon its completion, the transaction increased Deutsche Telekom’s stake in T‑Mobile US by 1.7 percentage points to 48.4 %. The fair value of the consideration transferred (within the meaning of the IFRSs) amounts to EUR 2.7 billion and comprises a cash payment of EUR 2.2 billion and the fair value of the exercised stock options at the time of exercising of EUR 0.5 billion. The acquisition was made using cash proceeds from the sale of T‑Mobile Netherlands. The percentage of T‑Mobile US shares for which Deutsche Telekom can exercise voting rights, based on an agreement concluded with SoftBank in connection with the acquisition of Sprint, amounted to 51.8 % as of June 30, 2022.

For the presentation of the effects in connection with the partial exercise and subsequent measurement of the stock options, please refer to the sections “Shareholders’ equity,” “Other financial assets,” and “Disclosures on financial instruments.”