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Deutsche Telekom AG - Interim Group report - January 1 to September 30, 2011

71Interim consolidated financial statements Contingent assets. This section provides additional information and explains recent changes in the contingent assets as described in the consolidated financial statements for the 2010 financial year. Payment of damages from KfW Bankengruppe. In a class action lawsuit by shareholders in the United States, Deutsche Telekom was accused of providing false information in the prospectus in the course of the third public offering in 2000 and of not providing sufficient information about the shares offered. In 2005, Deutsche Telekom had paid out some USD 120 million in a settlement to shareholders in the United States, with part of this amount being refunded from insurance. The settlement was expressly made without acknowledgement of guilt or misconduct. Deutsche Telekom demanded repayment of the settlement amount plus costs from KfW Bankengruppe. The Federal Court of Justice ruled to Deutsche Telekom’s benefit. To determine the precise amount of the dam- ages to be paid to Deutsche Telekom AG, the proceedings have been referred back to the Cologne Higher Regional Court. It is expected that Deutsche Telekom will have to repay part of these damages to the insurance company due to the payment previously received. Disclosures on leases. There were no significant changes at September 30, 2011 to the disclosures on leases reported in the 2010 consolidated financial statements, with the excep- tion of the matter described below. The expected future obligations arising from minimum lease payments from Deutsche Telekom’s operating leases developed as follows since December 31, 2010: Sept. 30, 2011 millions of € Dec. 31, 2010 millions of € Maturity Within 1 year 965 2,627 In 1 to 3 years 1,448 4,502 In 3 to 5 years 1,023 3,767 After 5 years 1,666 6,767 5,102 17,663 The decrease in obligations arising from minimum lease payments is mainly connected to the change in the disclosure of T-Mobile USA, whose liabilities were shown as held for sale. Executive bodies. Changes in the composition of the Board of Management. On February 23, 2011, the Supervisory Board of Deutsche Telekom AG complied with Guido Kerkhoff’s request to be released from his duties as of April 1, 2011. The Board of Management member Niek Jan van Damme as- sumed responsibility for the Europe Board department in an acting capacity with effect from April 1, 2011. At its meeting on July 4, 2011, the Supervisory Board of Deutsche Telekom AG appointed Claudia Nemat as the Board member responsible for Europe with ef- fect from October 1, 2011 and also appointed Prof. Marion Schick as the Board member responsible for Human Resources and Labor Director with effect from May 3, 2012. Events after the reporting period (September 30, 2011). For information on events after the reporting period, please refer to the “Events after the reporting period” section in the interim Group management report.