Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 503

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 503
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 ADDITIONAL INFORMATION (cont.) 18EVENTS AFTER THE REPORTING PERIOD Cybersecurity Incident in Ukraine As disclosed in Note 1, the incident had a significant impact for the first six -monthsof 2024 associated with the revenue loss arising from the customer loyalty measures taken by Kyivstar in order to compensate for the inconvenience caused during the disruptions. The impact of these offers on operating revenue in 2024 was US$46. VEON expects no further impact on its financial results arising from the customer loyalty measures under the retention programs, which ended during the first half of 2024. Investment in Sovereign Ukrainian bonds Further to the disclosures in Note 14, relating to investment made into Sovereign Ukrainian bonds as of December 31, 2023 were fully repaid during 2024. Kyivstar continued these investments throughout the year 2024 and 2025 in the amount of US$468, out of which US$277 were fully and timely repaid. Announcement of issuance of new VEON Ltd. shares to VEON Holdings B.V. On March 1, 2024, VEON Ltd. announced the issuance of 92,459,532 ordinary shares to VEON Holdings B.V., after approval from the VEON Board, to fund its existing and future equity incentive -basedcompensation plans. The shares are expected to be allocated to VEON Ltd.’s existing and future equity incentive -basedcompensation plans, which are designed to align the interests of VEON’s senior managers and employees with those of its shareholders and to support VEON’s long -termgrowth and performance, as well as compensation arrangements for strategic consultants. Further, as of December 31, 2024, 14,293,449 of the ordinary shares were subsequently issued to VEON Ltd.’s incentive plans. Changes in Directors of VEON Holdings B.V. On March 7, 2024, Bruce John Leishman and Maciej Bogdan Wojtaszek were appointed statutory directors of the Company, while on the same date Jochem Benjamin Postma and Paul Klaassen stepped down as statutory directors of the Company. Agreement with Impact Investments LLC for Strategic Support and Board Advisory Services On June 7, 2024, VEON Ltd. entered into a letter agreement as amended on August 1, 2024 (the “2024 Agreement”) with Impact Investments which will provide strategic support and board advisory services to VEON Ltd. and JSC Kyivstar (a wholly owned indirect subsidiary