Preliminary Remarks on the Code of Conduct

Corporate Vision and Values

Our activities are determined by our corporate vision, our mission and our six central values.

Our Vision: Deutsche Telekom – a global leader in "Connected Life and Work".

Our Mission: We mobilize personal, social and business networking.

T-Spirit outlines our approach to implement our vision and achieve our goals:

Superior Value: "We constantly enhance the value of Deutsche Telekom."

Passion for our Customers: "We delight our customers by providing them with excellent products and services."

Innovation: "We create a culture of innovation in which we enjoy working."

Respect: "We benefit from our cultural diversity; we respect and help each other."

Integrity: "We communicate in an open and honest way and deliver what we promise."

Top Excellence: "We think and act resolutely and strive constantly for greater efficiency with the right people in the right jobs. We consistently reward performance while taking action against misconduct."

The applicable legal system, our vision, our mission and our corporate values form the basis for all corporate decisions and our daily business activities. This is the foundation of our corporate culture, which fosters trust in our Group.

Implementation

Group management allows for an open and predictable corporate culture. Here, the employees differentiate between appropriate and questionable behavior on the basis of the moral, legal and corporate values of the Deutsche Telekom Group.

The Deutsche Telekom Group expects its senior executives to carry out all business efficiently and in line with the Code of Conduct. To achieve this, senior executives shall provide the necessary working conditions for employees and ensure compliance with the Code of Conduct. They consistently identify, discuss and prevent misconduct and take consequent action against it.

All employees must act in compliance with the Code of Conduct. In case of doubt, employees should not hesitate to confide with their superiors or the responsible organization.

Violations of the Code of Conduct may have consequences as provided by employment law or, in the case of civil servants, disciplinary consequences.

Application and Validity

The Code of Conduct applies to all employees of the Deutsche Telekom Group: Boards of Directors, managing directors, senior executives, employees, civil servants and persons whose status is equivalent to that of employees (e.g. temporary workers, consultants).

When implementing the Code of Conduct, international affiliates shall abide by their respective national legislation.