Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 328

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 328
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IBLE ASSETS (cont.) Helsi acquisition In August 2022 JSC Kyivstar signed a share -purchaseagreement for the acquisition of a 69.99% interest in Helsi, a provider in the IT e -healthsector in Ukraine. The transfer deed for shares took place on August 9, 2022, with the consideration paid to former shareholders at the same date. The total cash consideration paid was US$15. The deal included acquisition of shares in Helsi Ukraine, that do not have an interest in other entities, and/or other investments. As part of the share -purchaseagreement, JSC Kyivstar entered into a symmetrical put and call option agreement for the remaining 30.01% interest in Helsi. The put and call options may be exercised from January 1, 2026 through December 31, 2027. As a result, on the acquisition date, the Company determined that it had a present ownership interest in the remaining 30.01% interest in Helsi and has accounted for the put liability as part of the consideration transferred and no non -controllinginterest was recognized. Accordingly, the put option has been recorded as a financial liability at the present value of the amounts payable on exercise with subsequent changes recognized in profit or loss. Refer Note 14 for further details. COMMITMENTS Capital commitments for the future purchase of intangible assets are as follows as of December 31:

|                   |     | 2024 |     | 2023 |
| Less than 1 year  |     |    7 |     |    5 |
| Total commitments |     |    7 |     |    5 |

ACCOUNTING POLICIES Intangible assets acquired separately are carried at cost less accumulated amortization and impairment losses. Intangible assets with a finite useful life are generally amortized with the straight -linemethod over the estimated useful life of the intangible asset. The amortization period and the amortization method for intangible assets with finite useful lives are reviewed at least annually and fall within the following ranges:

| Class of intangible asset                                |     | Useful life   |
| Telecommunications licenses, frequencies and permissions |     | 3 – 20 years  |
| Software                                                 |     | 3 – 10 years  |
| Brands and trademarks                                    |     | 3 – 15 years  |
| Customer relationships                                   |     | 15 – 40 years |
| Other intangible