Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 84

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 84
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 footnotes to the unaudited pro forma condensed combined financial information included elsewhere in this proxy statement/prospectus. The summary unaudited pro forma condensed combined financial information has been prepared using the assumptions below with respect to the potential redemption of Cohen Circle Class A Ordinary Shares subject to possible redemption for cash : • Scenario 1 — Assuming No Redemptions. This presentation assumes that no Public Shareholders exercise redemption rights with respect to Cohen Circle Class A Ordinary Shares for a pro rata share of the funds in the Trust Account; • Scenario 2 — Assuming 50% Redemptions. This presentation assumes that Public Shareholders holding 11,500,000 Cohen Circle Class A Ordinary Shares will exercise their redemption rights for approximately $119million of funds in the Trust Account. • Scenario 3 — Assuming Maximum Redemptions. This presentation assumes that Public Shareholders holding 18,169,082 Cohen Circle Class A Ordinary Shares will exercise their redemption rights for approximately $188million of funds held in the Trust Account. 18

The following table summarizes the pro forma Kyivstar Group Ltd. Common Shares outstanding as of December31, 2024, under the three scenarios listed above. Further, we anticipate that, upon completion of the Business Combination, the approximate ownership interests of Kyivstar Group Ltd., will be as set forth in the table below: Summary of each scenario Equity Capitalization at Closing

|                                            |     | Scenario 1 Assuming 
      No Redemptions |     |        |   |     | Scenario 2 Assuming 
     50% Redemptions |     |        |   |     | Scenario 3 Assuming 
 Maximum Redemptions |     |        |   |
|                                            |     |        Ownership in 
              Shares |     | Equity 
      % |   |     |        Ownership in 
              shares |     | Equity 
      % |   |     |        Ownership in 
              shares |     | Equity 
      % |   |
| VEON Amsterdam B.V.                        |     |         190,526,570 |     |   81.2 | % |     |         202,026,570 |     |   86.1 | % |     |         208,695,652 |     |   88.9 | % |
| Cohen Circle Public Shareholders           |     |          23,000,000 |     |    9.8 | % |     |          11,500,000 |     |