Deutsche Telekom starts share buy-back after publication of second quarter figures

Ad hoc notification from Deutsche Telekom in accordance with § 15 of the Securities Trading Act (WpHG)

The Board of Management of Deutsche Telekom has decided to exercise the authorization to purchase shares in the Company granted by the shareholders' meeting on May 3, 2010 and will purchase shares up to a purchase price of EUR 400 million (excluding transaction costs). Based on the closing price on July 26th of EUR 10.255, that equates to around 39 million shares.
The share buy-back is scheduled to begin on August 10, 2010 at the earliest - after the financial figures for the first half of 2010 have been published on August 5, 2010 - and to be completed by December 31, 2010 at the latest.

The share buy-back is to be carried out in accordance with §14 (2) of the German Securities Trading Act in conjunction with EU Regulation 2273/2003 (so-called Safe Harbour). The details will be announced before the share buy-back begins.

Based on the share price of EUR 10.255 on July 26, 2010, the share buy-back would represent around 0.9 percent of Deutsche Telekom's capital stock. The shares are to be cancelled to contract Deutsche Telekom's balance sheet and improve financial ratios such as earnings per share.

This announcement contains forward-looking statements that are based on current assumptions and forecasts of the management of Deutsche Telekom. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.