Share Ownership Guidelines – SOG

The SOG take account of the requirements from the GCGC as amended on April 28, 2022 and all stipulations from the Stock Corporation Act concerning the alignment of remuneration towards sustainable development of the Company. This brings the interests of the Board of Management and shareholders of Deutsche Telekom AG into line, with Board of Management members participating in the Company’s long-term development, both positive and negative.

Ordinary members of the Board of Management are therefore required to provide evidence of the equivalent value of one year’s annual basic remuneration in shares of Deutsche Telekom AG no later than the payout date of the third STI from the date of initial appointment. The Chair of the Board of Management is obligated to build up the equivalent of two years’ annual basic remuneration in shares of Deutsche Telekom AG. This must be demonstrated no later than the payout date of the fourth STI from the date of initial appointment. The required share portfolio can be built up both through investments under the SMP and through voluntary share purchases.

All members of the Board of Management with the exception of Dr. Ferri Abolhassan, Rodrigo Diehl, and Dr. Abdurazak Mudesir already owned the obligatory number of shares as of December 31, 2025.