Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 588

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 588
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     |      169 |   |
| Trade and other payables – LLC “Ukraine Tower Company”    |     |              — |   |     |       (7 | ) |     |                 — |   |     |       (6 | ) |
| Trade and other payables – VEON Ltd.                      |     |            (14 | ) |     |        — |   |     |                (8 | ) |     |        — |   |
| Lease liabilities – LLC “Ukraine Tower Company”           |     |              — |   |     |     (225 | ) |     |                 — |   |     |     (195 | ) |
| Other current liabilities – VEON Ltd.                     |     |            (22 | ) |     |        — |   |     |                 — |   |     |        — |   |
|                                                           |     |            (36 | ) |     |     (232 | ) |     |                (8 | ) |     |     (201 | ) |

11RISKS, COMMITMENTS, CONTINGENCIES AND UNCERTAINTIES Other than disclosed elsewhere in these interim condensed combined financial statements, there were no material changes to risks, commitments, contingencies and uncertainties that occurred during the three -monthperiods ended March 31, 2025 and 2024. 12EVENTS AFTER THE REPORTING PERIOD Kyivstar closes Uklon acquisition As disclosed in Note 4, Kyivstar’s acquisition of Uklon on March 19, 2025 was subject to customary closing conditions and approvals. The required regulatory approvals and completion steps were completed on April 2, 2025 and control over Uklon was deemed to be transferred as of this date. Furthermore, as of the date of issuance of these interim condensed combined financial statements, the initial purchase price accounting has not been completed and as such the estimated financial impact associated with the completed transaction is not yet available. VEON completes reorganization of VEON Holdings B.V. As disclosed in Note 1, on April 8, 2025, VEON announced that it had successfully completed the reorganization of VEON Holdings B.V. These steps pave the way for the proposed business combination with Cohen Circle, which is expected to lead to the common shares and warrants of Kyivstar Group, being listed on Nasdaq.

F-105 VEON Holdings B.V.Notes to the interim condensed combined financial statements
(in millions of U.S