KfW receives new shares in the course of Deutsche Telekom AG’s scrip dividend

Upon exercise of rights to receive this year’s dividend in shares, KfW’s total ownership interest in Deutsche Telekom AG amounts to approximately 791.2 million ordinary registered shares of Deutsche Telekom AG (prior to exercising subscription rights: 774.9 million). The combined stake in Deutsche Telekom AG held by KfW and the Federal Republic of Germany declines to approximately 31.7 % (previously: 31.9 %).

On 15 May 2014, the shareholders’ meeting of Deutsche Telekom AG resolved to pay out a dividend of EUR 0.50 per share for 2013. As in the previous year, shareholders were able to choose whether to have the dividend paid out in cash or in shares.

Based on the subscription price of EUR 11.90, which was deemed to be a worthwhile offer by the Federal Government of Germany and KfW, KfW received new shares from the scrip dividend. Pursuant to a special mandate by the Federal Government of Germany, KfW held a stake of approximately 17.4 % in Deutsche Telekom AG. After the scrip dividend, KfW’s stake in Deutsche Telekom AG remains nearly unchanged, while the stake of the Federal Republic of Germany is expected to decline to approximately 14.3 % (previously: 14.5 %).

Privatisation of Deutsche Telekom