Deutsche Telekom AG - The 2009 financial year

A new Deutsche Telekom: On the way toward the “gigabit society.” We have stabilized our financial situation with our “Focus, fix and grow” strategy, which we have systematically pursued since 2007. Now the time is right to develop this strategy further in order to reflect the changes in our industry. For example, by 2015, we expect a typical mobile customer to require a data volume of around 14 gigabytes a month. In 2007, it was only a few megabytes. So we need to build the networks and IT for tomorrow’s “gigabit society.” Already now, we are driving many of these changes, from Internet TV to cloud computing. But we can do more. We also want to score with innovative Internet services. Deutsche Telekom will continue to invest billions in new networks and in the development of innovations. At the same time, we must become more efficient in those markets which will continue to be under high competitive pressure. At this point, I would like to thank our employees, whose dedication makes this difficult path of transformation possible in the first place. We can be proud of what we have achieved over the last few years. I am personally committed to ensuring that Deutsche Telekom remains a good and reliable employer for as many employees as possible in the long term. We will again take on approximately 3,500 new employees this year, and primarily open up prospects to our own junior staff. This is part of the social responsibility to which we are committed as a company oriented toward sustainability in business. This is also good news for our shareholders, because it brings new expertise and knowledge to the Company, making Deutsche Telekom fit for the future. The Board of Management of Deutsche Telekom is working to guarantee our shareholders a reliable, attractive return on their capital for the long term. Together with the Supervisory Board, we will therefore propose to the shareholders’ meeting on May 3 to pay a dividend of EUR 0.78 per share for the past financial year. In addition, Deutsche Telekom is the first DAX-listed company to date to give an explicit three-year outlook for the distribution of profits and the dividend per share: Subject to the respective approval of the shareholder’s meeting, the Board of Management and the Supervisory Board intend to pay our shareholders – also for the years 2010 through 2012 – an unchanged total of EUR 3.4 billion per year. This total consists of a minimum dividend of EUR 0.70 and share buybacks. We want to be a reliable, good partner for our customers, our employees, our lenders, and of course for you, the shareholders of our Company. This is what we are working for, and for this, I ask for your continued trust and support. Bonn, February 2010 Sincerely, René Obermann Chairman of the Board of Management Deutsche Telekom AG 27To our shareholders Letter to our shareholders