Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 143

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 143
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 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 (and consolidated financial statements) required us to apply accounting policies and methodologies based on complex and subjective judgments, as well as estimates based on past experience and assumptions determined to be reasonable and realistic based on the related circumstances. The use of these judgments, estimates and assumptions affects the amounts reported in these combined financial statements (and consolidated financial statements). The final amounts for items for which estimates and assumptions were made in the combined financial statements (and consolidated financial statements) may differ from those reported in these statements due to the uncertainties that characterize the assumptions and conditions on which the estimates are based. For a discussion of our accounting policies please refer to Note 19 — Significant Accounting Policiesto our audited combined financial statements included elsewhere in this prospectus for a detailed discussion of our critical accounting estimates and key judgments. The accounting policies adopted in the preparation of our interim condensed consolidated financial statements as of and for the nine months ended September 30, 2025 are consistent with those followed in the preparation of our audited annual combined financial statements as of and for the year ended December 31, 2024.

86 Recent Accounting Pronouncements For descriptions of recently issued accounting standards that may potentially impact our financial position and results of operations please refer to Note 19 — Significant Accounting Policiesto our audited combined financial statements included elsewhere in this prospectus. Implications of Being an Emerging Growth Company We are an “emerging