Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 376

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 376
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. The goodwill will not be deductible for tax purposes. There were no transactions recognized separately from the acquisition of assets and assumption of liabilities in the business combination. From the date of acquisition, Uklon contributed US$22 of revenue and US$6 profit before tax to VEON. If the acquisition had taken place at the beginning of the year, the contribution to revenue would have been US$41 and contribution to the profit before tax for VEON would have been US$10. These amounts have been calculated using Uklon’s results and adjusting them for: •differences in the accounting policies between VEON and Uklon, and •additional amortization that would have been charged on the assumption that the fair value adjustments to intangible assets had applied from January1, 2025, together with their consequential tax effects. Acquisition -relatedcosts of US$0.5 are included in selling, general and administrative expenses in the interim condensed combined income statement, and in operating cash flows in the interim condensed combined statement of cash flows. F-106

VEON Holdings B.V.Notes to the interim condensed combined financial statements
(in millions of U.S. dollars unless otherwise stated) 4SIGNIFICANT TRANSACTIONS (cont.) The accounting for the purchase of Uklon is provisional as the valuation of certain intangible and long -termassets, accounts payable, other assets and liabilities, and residual goodwill related to this acquisition is not complete. The fair values assigned to tangible and intangible assets acquired and liabilities assumed are preliminary based on management’s estimates and assumptions and may be subject to change as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date ending April 2, 2026). There were no further significant transactions during the six -monthand the three -monthperiod ended June 30, 2025, other than disclosed above and in Note 1. 5PROPERTY AND EQUIPMENT The following table summarizes the movement in the net book value of property and equipment for the six -monthperiod ended June 30:

|                                 |     | 2025 |   |     | 2024 |   |
| Balance as of January 1         |     |  624 |   |     |  597 |   |
| Acquisitions                    |     |    1 |   |     |    — |   |
| Additions                       |     |  187 |   |     |   95 |   |
| Depreciation                    |