Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 147

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 147
---
 (decrease) of 
 net investment |   |
|:--------------------------------|:----|----------------:|:----|------------------:|:--|:----|---------------:|:--|
| Change in USD exchange rate     |     |          +10.00 |     |                34 |   |     |             28 |   |
| Change in the EUR exchange rate |     |          +10.00 |     |                11 |   |     |              9 |   |
| Change in USD exchange rate     |     |           -1.00 |     |                (3 | ) |     |             (3 | ) |
| Change in the EUR exchange rate |     |           -1.00 |     |                (1 | ) |     |             (1 | ) |

Liquidity risk Liquidity risk is the risk we encounter in meeting the obligations associated with our financial liabilities. We analyze the aging of our assets and the maturity of our liabilities and plan our liquidity depending on the expected repayment of various instruments. Our short -termand long -termliquidity needs are funded largely through cash flow from operating activities. Total financial liabilities include VEON Holdings Bonds representing the principal amounts outstanding for April 2025 Old Notes (US$23million) and June 2025 Old Notes (US$15million) which were not exchanged for New Notes prior to their respective maturity dates. Upon tender from Old noteholders, it is the Company’s intention to exchange the Old Notes, including accrued interest, of eligible noteholders against a cash settlement. Eligibility is based on successful completion of a sanctions check procedure. An indemnity agreement between VEON Holdings and VEON Amsterdam is in place which is to see VEON Holdings made whole for any external payments to eligible noteholders. On April 9, 2025, prior to its acquisition by Kyivstar Group Ltd., VEON Holdings repaid the April 2025 New Bonds for $472 million. On June 18, 2025, prior to its acquisition by Kyivstar Group Ltd., VEON Holdings repaid the June 2025 New Bonds for $100 million. Off-Balance Sheet Arrangements As of September 30, 2025 and December 31, 2024, we had no off -balancesheet arrangements. Critical Accounting Estimates We prepare our combined financial statements (as well as our consolidated financial statements) in conformity with IFRS. The preparation of these combined financial statements (