Outlook

The Supervisory Board has decided to submit a proposal for a change in the remuneration system to the 2025 Shareholders’ Meeting for approval. The structure and components of the remuneration system approved in 2022 will remain largely unchanged; only selective changes will be made. Detailed information on the remuneration system to be submitted to the 2025 Shareholders’ Meeting for approval can be found on the web pages of Deutsche Telekom AG.

In addition, the Supervisory Board is considering adjusting the remuneration levels of the Board of Management members in 2025 so as to be able to (continue to) offer current and future Board members remuneration in line with market standards and remain competitive going forward.

Srinivasan Gopalan resigned from his position as a member of the Board of Management of Deutsche Telekom AG at his own request, effective midnight on February 28, 2025, to take up a management position at T‑Mobile US. With his resignation from his position on the Board of Management effective midnight on February 28, 2025, all claims to matching shares will be forfeited without entitlement to substitution or compensation. The same applies to any claims resulting from the LTI for 2022 and the following years. The personal investments made by Srinivasan Gopalan in the years 2021 to 2024 remain locked up until the end of the original lock-up period in spite of his resignation. The post-contractual prohibition of competition for Srinivasan Gopalan will be canceled effective midnight on February 28, 2025, and Srinivasan Gopalan is not entitled to claim a non-compete compensation.

At the Supervisory Board meeting on January 27, 2025, Rodrigo Diehl was appointed as Board of Management member responsible for Germany for three years, effective March 1, 2025. Timotheus Höttges was reappointed prematurely as Chair of the Board of Management for the period from February 1, 2025 to December 31, 2028 in the same meeting.