Share Ownership Guidelines – SOG

In order to harmonize the interests of the Board of Management and the shareholders of Deutsche Telekom AG as well as to reinforce the sustainable development of the Company, the obligations to purchase and retain shares (Share Ownership Guidelines) are a significant element of the remuneration system for the Board of Management. The annual mandatory personal investment and the additional 1:1 match provided by the Share Matching Plan ensures that members of the Board of Management acquire and retain a significant number of shares once the lock-up period for shares bought as personal investment has ended, which means that they actively participate in the Group’s long-term development, both in positive and negative terms. In this way, the requirements from the German Corporate Governance Code and all stipulations from the Stock Corporation Act concerning the alignment of remuneration toward a sustainable company development are met. The member of the Board of Management is given the period of their initial appointment to build up the obligatory share portfolio. They must hold the equivalent value of one year’s annual basic remuneration in Deutsche Telekom AG shares no later than the payout date of the third STI.

All members of the Board of Management with the exception of Dr. Ferri Abolhassan already owned the obligatory number of shares as of December 31, 2024.