Deutsche Telekom AG, Bonn ISIN-Nr. DE0005557508

Securities identification code 555 750

DIVIDEND ANNOUNCEMENT

On June 19, 2020, the shareholders' meeting approved the use of EUR 2,845,875,929.40 of the EUR 5,459,705,249.38 unappropri- ated net income generated in the 2019 financial year for dividend payment of EUR 0.60 per no par value share carrying dividend rights, and the carrying forward of the remaining balance of EUR 2,613,829,319.98.

Dividends paid to shareholders in Germany are not subject to taxation. Dividends do not involve tax refunds or tax credits. In the German tax authorities' view the dividend payment reduces the acquisition costs of the shares for tax purposes.

The dividend will be paid out to shareholders by the depository banks via Clearstream Banking AG from June 24, 2020. The paying agency is Citibank Europe plc. As dividends are paid out in full from the tax contribution account (§ 27 Corporation Tax Act, Körperschaftssteuergesetz - KStG) (contributions other than into nominal capital), payment will be made without the deduction of capital gains tax or the solidarity surcharge.

Bonn, June 2020

Deutsche Telekom AG The Board of Management

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Deutsche Telekom AG published this content on 24 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2020 00:06:05 UTC