Company: KYIV
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077507
Chunk: 1

Company: Kyivstar Group Ltd.
Filing Date: 2025-08-15
Form: 20-F
Item: Item 3
Chunk 1
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Risk Factors

.” Should one or more of these risks or uncertainties materialize,
or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking
statements. As a result, the inclusion of the estimates or other forecast information in this proxy statement/prospectus should not be
relied on as “guidance” or otherwise predictive of actual future events, and actual results may differ materially from the
forecasts. PubCo will not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under applicable securities laws. Readers of the Proxy Statement/Prospectus are
cautioned not to place undue reliance on the unaudited prospective financial information set forth in the Proxy Statement/Prospectus.
PubCo nor any of its respective affiliates, directors, officers, advisors or other representatives has made or makes any representation
to any shareholder or any other person regarding ultimate performance compared to the information contained in the estimates or that financial
and operating results will be achieved.

PART I

Item 1. Identity of Directors,
Senior Management and Advisers

A. Directors and Senior Management

Information regarding the directors and executive
officers of PubCo after the completion of the Transactions is included in the Proxy Statement/Prospectus under the section titled “Management
of Kyivstar Group Ltd. After the Business Combination” and is incorporated herein by reference.

The business address for each of the directors and executive officers
of PubCo is Unit 517, Level 5, Index Tower, Dubai International Financial Centre (DIFC), United Arab Emirates.

B. Advisers

Latham & Watkins LLP acts as U. S. securities
counsel for PubCo.

Wakefield Quin Limited acts as Bermuda counsel
for PubCo.

C. Auditors

UHY LLP, located in Melville, New York, has acted as PubCo’s
independent registered public accounting firm from PubCo’s inception through the consummation of the Transactions and is expected to serve
as PubCo’s independent registered public accounting firm after the consummation of the Transactions. UHY LLP is registered with
the Public Company Accounting Oversight Board (United States).

UHY LLP, located in Melville, New York, has acted
as VEON Holding’s independent registered public accounting firm from 2024 through the consummation of the Transactions. UHY LLP
is registered with the Public