T-Share performance

T-Share as compared to DAX, Dow Jones Euro STOXX 50® and Dow Jones EURO Stoxx 600® Telecommunications

January 1 to December 31, 2017 (based on total shareholders return a)

T-Share as compared to other European telecommunications companies

January 1 to December 31, 2017 (based on total shareholders return a)

By comparison, performance in the European telecommunications sector was lackluster in 2017. The industry’s barometer, the Dow Jones STOXX® Europe 600 Telecommunications, hardly budged, finishing the year with a gain of 0.2 percent. Factors weighing on the sector and preventing better performance included fears of a deteriorating regulatory environment in Europe and rising investment needs for fiber-optic roll-out.

In this environment, the T-Share closed the year at EUR 14.80, down 9.5 percent. The lowest price recorded during the year was EUR 14.76 on November 11, 2017 (amid termination of the talks with Sprint Corp. concerning a possible business combination with T-Mobile US), while the highest price of EUR 18.05 was recorded on May 22, 2017, shortly before our shareholders’ meeting.

On a total return basis – and thus comparable with the DAX – our share ended the year down 6.4 percent.

a) Total shareholder return measures the value performance of a shareholding over a specific period.
It takes into account dividends paid during the investment period along with any changes in share price.