Voting on the remuneration report for the 2023 financial year at the 2024 Shareholders’ Meeting

The remuneration report for the 2023 financial year, compiled based on the provisions of § 162 AktG, underwent a substantive audit by the external auditor Deloitte, and was submitted to a vote at the Shareholders’ Meeting on April 10, 2024. The audit opinion from Deloitte resulting from the audit that was carried out was included in the 2023 remuneration report and published on the Company’s website. The Shareholders’ Meeting approved the remuneration report submitted, with 91.04 % of votes in favor. This is an improvement of nearly 7 percentage points on the previous year’s voting result, which means that no adjustment was required to the form of remuneration reporting.

Nevertheless, comments made by investors, proxy advisors, and other stakeholders in the many discussions held were taken into consideration during the revision of the remuneration system. The Supervisory Board takes recent developments into account with the revised remuneration system. The new remuneration system will be submitted to a vote at the Shareholders’ Meeting in April 2025. For the sake of clarity, this remuneration report does not provide a detailed description of the changes. The new remuneration system is available on the Deutsche Telekom AG website.