Clawback rule

In addition to the relevant statutory provisions which stipulate that the Supervisory Board shall – in the event of a breach of duty by members of the Board of Management – minimize the financial damage to the Company and, where necessary, make claims for damages against the members of the Board of Management, the following clawback rule applies for the members of the Board of Management of Deutsche Telekom AG. The Supervisory Board has the right to reclaim payments made to the members of the Board of Management from the short-term variable remuneration (STI) and long-term variable remuneration (LTI/Variable II) if it is found that the payment was carried out wrongfully, entirely or in part, because the Supervisory Board had received information regarding the decision determining the level of target achievement which was evidently incomplete or incorrect. The reimbursement claims expire three years after the erroneous determination of the target achievement was made.

In the 2024 financial year, the Supervisory Board did not identify any reason that would have entitled it to reclaim components of variable remuneration from the members of the Board of Management.