I.
The Supervisory Board and Board of Management hereby declare that, in the period since submission of last year's declaration of conformity pursuant to § 161 of the German Stock Corporation Act on December 16, 2003, Deutsche Telekom AG has complied with the recommendations of the "Government Commission on the German Corporate Governance Code" published by the Federal Ministry of Justice in the official section of the electronic Federal Gazette (Bundesanzeiger) on July 4, 2003 with the following exceptions:
Up to December 31, 2003, members of the Supervisory Board did not received any performance-related compensation. Membership in committees was acknowledged by granting an attendance fee; up to December 31, 2003, committee chairpersons did not receive separate compensation (item 5.4.5 of the Code).
On May 18, 2004, the Shareholders' Meeting adopted a resolution to amend the compensation of the Supervisory Board as prescribed in Section 13 of the Articles of Incorporation to comply with the Code.
II.
The Supervisory Board and Board of Management hereby declare further that Deutsche Telekom AG complies with the recommendations of the "Government Commission on the German Corporate Governance Code" published by the Federal Ministry of Justice in the official section of the electronic Federal Gazette (Bundesanzeiger) on July 4, 2003, without exception.
Bonn, December 16, 2004
This translation is for courtesy purposes only. The German original prevails.
