Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 343

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 343
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 (“Nasdaq”) in the United States (the “ Transaction”). As part of the preparation for the indirect listing, VEON undertook a pre -transactionreorganization of VEON Holdings (the “ Reorganization”). This Reorganization was consummated through a Dutch legal demerger, as a result of which VEON Holdings, which remains domiciled in the Netherlands, holds only Kyivstar and its subsidiaries and certain other select assets and liabilities. The Reorganization was completed on April 8, 2025 and the Transaction was completed on August 14, 2025. Refer to Note 12 for further details. The interim condensed combined financial statements (“CFS”) have been prepared in accordance with the basis of preparation and accounting policies set out in this Note below. The interim condensed combined financial statements were authorized by the management for issuance on September 5, 2025. The Company has the ability to amend and reissue these financial statements. The interim condensed combined financial statements presented herein reflect the following combined entities’ results of operations, assets and liabilities and cash flows that will remain with VEON Holdings after the demerger and form the entity subject to the aforementioned Transaction: VEON Holdings B.V. The interim condensed combined financial statements of the Company as a single economic entity reflecting the outcome of the pre -transactionReorganization. Kyivstar reflecting the Ukrainian business. The interim condensed combined financial statements of Kyivstar consist of: •JSC Kyivstar (“ JSC Kyivstar”) being the parent company of Kyivstar and a 99.995% subsidiary of VEON Holdings B.V. (Netherlands) with a minority shareholder VEON Ltd. (Bermuda) holding the remaining 0.005% of JSC Kyivstar’s shares. •LLC Kyivstar Tech (“ Kyivstar.Tech”), being a 100% subsidiary of JSC Kyivstar. •Limited Liability Company Lan Trace (“ Lan Trace”), being a 100% subsidiary of JSC Kyivstar, acquired in September 2024. •Helsi Ukraine Limited Liability Company (“ Helsi Ukraine” or “ Helsi”), being a 97.99% subsidiary of JSC Kyivstar with minority shareholders. •LLC Uklon Tech, LLC Uklon Corporate and LLC Uklon Ltd., being 97.00% subsidiaries of JSC Kyivstar with minority shareholders, Uklon LLC, a 100% subsidiary of LLC Uklon Ltd., all