Deutsche Telekom AG and Deutsche Telekom International Finance B.V. (the "Company") announced the pricing of the previously announced offers to purchase any and all of the Company's outstanding 1.950% Fixed Rate Notes due 2021 and 2.820% Fixed Rate Notes due 2022 guaranteed by Deutsche Telekom AG. The terms and conditions of the Offers are described in an offer to purchase dated May 18, 2020. Terms not defined in this announcement have the meanings given to them in the Offer to Purchase. Holders must validly tender or deliver a properly completed and duly executed Notice of Guaranteed Delivery for their Notes at or before the Expiration Time in order to be eligible to receive the Tender Consideration. Holders will also receive accrued and unpaid interest on the Notes validly tendered and accepted for purchase from, and including, the immediately preceding interest payment date applicable to such Notes to, but excluding, the Settlement Date. The Company expects to pay the Tender Consideration, together with any Accrued Interest, to the holders of Notes validly tendered at or prior to the Expiration Time and not validly withdrawn on May 26, 2020 and to the holders of Notes tendered through guaranteed delivery procedures on May 28, 2020. No tenders submitted after the Expiration Time will be valid. Notes purchased pursuant to the Offers are expected to be cancelled. The Offers are subject to the satisfaction or waiver of certain conditions, as specified in the Offer to Purchase. The Company reserves the right to terminate the Offers and, if any of the conditions are not satisfied, the Company will not be obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered notes, in each event subject to applicable laws. The Offers are not conditioned on the tender of a minimum principal amount of Notes.