Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 63

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 63
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     |           11,500,000 |     |   119,025,000 |     |            4,830,918 |     |    50,000,001 |
| Holders of Cohen Circle Public Warrants(1) |     |            7,666,667 |     |             — |     |            7,666,667 |     |             — |     |            7,666,667 |     |             — |
| Sponsors(2)                                |     |            6,465,000 |     |    66,912,750 |     |            6,465,000 |     |    66,912,000 |     |            6,465,000 |     |    66,912,750 |

____________ (1)Represents the number of Kyivstar Group Ltd. Common Shares issuable upon exercise of Kyivstar Group Ltd. Warrants converted from the Cohen Circle Public Warrants. The Kyivstar Group Ltd. Warrants to be received by the holders of the Cohen Circle Public Warrants have zero initial cash value, as such Kyivstar Group Ltd. Warrants are expected to be out of the money on the Closing Date. (2)Includes 1,437,500 Vesting Securities that are subject to vesting conditions that will not have vested as of the Closing Date. For illustrative purposes, the cash value of all shares to be owned by the Sponsors, including the Vesting Securities, is reflected in the table. The Vesting Securities are subject to forfeiture if the applicable vesting conditions are not satisfied. Description of Kyivstar Group Ltd. Securities If the Business Combination is successfully completed, Kyivstar shareholders and Cohen Circle shareholders will become Kyivstar Group Ltd. Shareholders, and their rights as Kyivstar Group Ltd. Shareholders will be governed by Kyivstar Group Ltd.’s Governing Documents as of the Closing and Bermuda law. Please see the section entitled “ Description of Kyivstar Group Ltd. Securities” elsewhere in this proxy statement/prospectus for additional information.

5 The Cohen Circle Board’s Reasons for Approval of the Business Combination After careful consideration, the Cohen Circle Board recommends that Cohen Circle shareholders vote “For” the approval of the Business Combination Proposal. For a more complete description of the Cohen Circle Board’s reasons for the approval of the Business Combination and the recommendation of the Cohen Circle Board, see the section entitled “ The Business Combination — Cohen Circle Board