Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 321

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 321
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 a reduced amount of investment in government bonds which were offset by an increase in cash and cash equivalents and the reclassification of the Seller loan receivable from non -currentto current assets. Our working capital is monitored on a regular basis by management. We believe our cash, cash equivalents, short -termdeposits and short -terminvestments, together with cash we expect to generate from future operations, will be sufficient to meet our working capital and capital expenditure requirements for a period of at least 12 months from the date of this proxy statement/prospectus. Our primary sources of liquidity are the cash flow generated by our operations. We believe that this liquidity structure allows us to sustain fluctuations in cash flow development. Liquidity inflows and outflows of business entities are monitored and coordinated centrally by our corporate treasury department. For the year ended December 31, 2024, our cash and cash equivalents include cash of $10 million retained by VEON Holdings in accordance with the Demerger and $235 million held by VEON Holdings to cover the estimated repayment amount of the 2025 Bonds. Cash Flows The following table summarizes our cash flow statements for the years ended December 31, 2024 and 2023.

|                                                  |     | For the year ended 
        December 31 
               2024 |   |     | 2023 |   |
|:-------------------------------------------------|:----|-------------------:|:--|:----|-----:|:--|
|                                                  |     |   -USD in millions |   |     |      |   |
| Net cash flows from operating activities         |     |                430 |   |     |  413 |   |
| Net cash flows used in investing activities      |     |               (132 | ) |     | (327 | ) |
| Net cash flows used in financing activities      |     |                (37 | ) |     |  (88 | ) |
| Net foreign exchange difference                  |     |                (12 | ) |     |   (5 | ) |
| Cash and cash equivalents at beginning of period |     |                425 |   |     |  432 |   |
| Cash and cash equivalents at end of period       |     |                674 |   |     |  425 |   |

Net cash flows from operating activities Net cash flows from operating activities increased by $17million, or 4.1%, from $413 million for the year ended December 31, 2023