Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 258

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 258
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 the Closing of the Business Combination. A ten percent change in the market price per share of Cohen Circle Class A Ordinary Shares would result in a change of approximately $30 million, $18 million and $11 million in the estimated expense assuming no redemptions, 50% redemptions and maximum redemptions, respectively. F1.In the no redemption scenario, the net assets of Cohen Circle for the purposes of the IFRS 2 calculation represent the net assets of Cohen Circle at December 31, 2024 adjusted by pro forma adjustment A1 to reflect the subsequent interests in the Trust Account, by proforma adjustment G estimated Transaction Costs, and excluding the Warranty Liabilities as those warrants are exchanged for Kyivstar Group Ltd. Warrants and therefore do not represent a liability assumed but are included in the calculation of the consideration transferred. F2.The net assets of Cohen Circle in the 50% redemption scenario are calculated consistently with the no redemption scenario and also include a reduction of cash totaling approximately $119 million, which represents the redemption of Cohen Circle Class A Ordinary Shares. Reflects the 50% redemption of 11,500,000 Cohen Circle Class A Ordinary Shares for aggregate redemption payments of $119 million. The redemption price is calculated at a redemption price of $10.35 per Cohen Circle Class A Ordinary Share. The unaudited pro forma condensed combined statement of financial position reflects this payment as a reduction to cash and cash equivalents of $119 million with a corresponding decrease to issued capital. F3.The net assets of Cohen Circle in the maximum redemption scenario are calculated consistently with the no redemption scenario and also includes a reduction of cash totaling approximately $188 million, which represents the redemption of Cohen Circle Class A Ordinary Shares. Reflects the maximum redemption of 18,169,082 Cohen Circle Class A Ordinary Shares for aggregate redemption payments of approximately $188 million. The redemption price is calculated at a redemption price of $10.35 per Cohen Circle Class A Ordinary Share. The unaudited pro forma condensed combined statement of financial position reflects this payment as a reduction to cash and cash equivalents of $188 million with a corresponding decrease to issued capital.

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Cohen Circle fair value

| USD in millions, except share and per share data                                                         |     |  Per Share 
      value |     | Scenario 1 Assuming No 
            Redemptions |        |     |            |     | Scenario 2 Assuming 50% 
             Redemptions |        |      |            |     | Scenario 3 Assuming