Ad-hoc | 10 March 2003 07:16

Deutsche Telekom AG english

Deutsche Telekom part 2 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Follows part 2 of ad hoc announcement of Deutsche Telekom end of ad-hoc-announcement (c)DGAP 10.03.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Part 2 of ad hoc announcement of Deutsche Telekom Net debt In comparison with the third quarter of 2002, Deutsche Telekom succeeded in reducing its net debt to EUR 61.1 billion. This significant progress in reducing the company’s debt is attributable in part to asset sales already made (including the sale of various real estate holdings, 120 million T-Online shares, T-Systems ABS transaction) and the improvement of free cash flow. A further aspect in the reduction of net debt is the continued positive development of the dollar exchange rate. billions of EUR 2002 2001 Change Change in % 30.09.2002 Bonds and 56.7 58.3 (1.6) -2.7 58.9 Debenture Liabilities 6.3 8.7 (2.4) -27.9 7.7 to banks Debt 63.0 67.0 (4.0) -5.9 66.5 (in accordance with balance sheet) Liabilities 0.8 0.7 (0.1) -27.8 0.6 to nonbanks from loan notes Miscellaneous 0.3 0.2 0.1 – 0.2 other Gross debt 64.1 67.9 (3.8) -5.6 67.3 Liquid assets 1.9 2.9 (1.0) -33.6 1.9 Other investment 0.4 0.7 (0.3) -41.2 0.5 Investemnst in noncurrent securities Other 0.2 0.9 (0.7) -72.9 0.3 investnments in noncurrent securities Other assets 0.2 0.3 (0.1) -44.7 0.0 Discounts on 0.3 0.3 – -16.0 0.4 Loans (prepaid expenses and deferred charges) Net debt 61.1 62.8 (1.7) -2.7 64.3 Figures calculated on the basis of millions. The prior-year figures shown have been adjusted in line with this definition to allow proper comparisons. End of part 2 of ad hoc announcement of Deutsche Telekom. Follows part 3 ——————————————————————————– WKN: 555750; ISIN: DE0005557508; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, Stuttgart und München; EUREX; London, Amsterdam, NASDAQ Europe, Virtex, New York (ADR), Tokio 100716 Mär 03