Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 100

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 100
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 have been no material changes in our capitalization from that set forth as the pro forma capitalization in the table above.

50 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Introduction The unaudited pro forma condensed combined financial information of Kyivstar Group Ltd. has been prepared in accordance with Article 11 of Regulation S -Xas amended by the final rule, Release 33 -10786“Amendments to Financial Disclosures about Acquired and Disposed Businesses” and presents the combination of the historical financial information of VEON Holdings and Cohen Circle adjusted to give effect to the Business Combination. The unaudited pro forma condensed combined statement of financial position as of June 30, 2025 combines (i) the historical unaudited combined statement of financial position of VEON Holdings as of June 30, 2025, with (ii) the historical unaudited balance sheet of Cohen Circle as of June 30, 2025 and with (iii) the historical unaudited statement of financial position of Kyivstar Group Ltd. as of June 30, 2025 on a pro forma basis as if the Business Combination and other events, summarized below, had been consummated as of June 30, 2025. The unaudited pro forma condensed combined income statement for the six -monthperiod ended June 30, 2025 combines (i) the historical unaudited combined income statement of VEON Holdings for the six -monthperiod ended June 30, 2025, with (ii) the historical unaudited statement of operations of Cohen Circle for the six -monthperiod ended June 30, 2025 on a pro forma basis as if the Business Combination had occurred on January 1, 2024. The unaudited pro forma condensed combined income statement for the year ended December 31, 2024 combines (i) the historical audited combined income statement of VEON Holdings for the year ended December 31, 2024, with (ii) the historical audited statement of operations of Cohen Circle for the year ended December 31, 2024 on a pro forma basis as if the Business Combination had occurred on January 1, 2024. The unaudited pro forma condensed combined financial information was derived from and should be read in conjunction with the following historical financial statements and the accompanying notes, which are included elsewhere in this prospectus: •VEON Holdings’ unaudited combined statement of financial