Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 587

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 587
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| Schedule I             |     | Adjusted Cash                             |
| Schedule II            |     | Seller Share Consideration Number Actions |
| Schedule III           |     | Notices                                   |
| Exhibit A              |     | Form of Seller Loan Note                  |
| Exhibit B              |     | Pro Forma Capitalization Table            |

Annex A-iii BUSINESS COMBINATION AGREEMENT This BUSINESS COMBINATION AGREEMENT is made and entered into as of March 18, 2025 (this “ Agreement ”), by and among (1) VEON AMSTERDAM B.V., a private company with limited liability ( besloten vennootschap met beperkte aansprakelijkheid ) incorporated under Dutch law and registered with the Dutch Chamber of Commerce ( Kamer van Koophandel ) under number 34378904 (the “ Seller ”), (2) VEON HOLDINGS B.V., a private company with limited liability ( besloten vennootschap met beperkte aansprakelijkheid ) incorporated under Dutch law and registered with the Dutch Chamber of Commerce ( Kamer van Koophandel ) under number 34345993 (the “ Company ”), (3) KYIVSTAR GROUP LTD., an exempted company with limited liability, incorporated and existing under the laws of Bermuda with registration number 202504557, with its registered office at Victoria Place, 31 Victoria Street, Hamilton, HM10, Bermuda, and its principal business address at Index Tower (East Tower), Unit 1703, DIFC (Dubai International Financial Center), United Arab Emirates (“ New PubCo ”), (4) Varna Merger Sub Corp. , an exempted company incorporated with limited liability in the Cayman Islands with registration number 419635 (the “ Merger Sub ” and, together with the Company and New PubCo, the “ Company Parties ”), and (5) COHEN CIRCLE ACQUISITION CORP. I, a Cayman Islands exempted company (company number 382528) (the “ SPAC ”). Each Company Party and the SPAC will individually be referred to herein as a “ Party ” and, collectively, as the “ Parties ”. Capitalized terms used herein without definition have the meanings set forth in Article I . RECITALS WHEREAS , as at the date hereof, the Company, a direct Subsidiary of the Seller, holds the Ukrainian Group Companies, along with other subsidiaries, assets and liabilities