Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 569

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 569
---
 under common control are non -interestbearing, unsecured and are settled in the normal course of business. Reimbursable short-term loans provided In June 2022, the Group received short -termloans from the entity under common control LLC “VimpelCom Global Services Ukraine” in the amount of US$4. As of December 31, 2023 the amount of short -termloans was US$4. The full amount was settled in 2024 .

F-83 VEON Holdings B.V. GENERAL INFORMATION ABOUT THE GROUP 17RELATED PARTIES (cont.) Cost of materials, traffic charges and other direct costs and trade payables Cost of materials, traffic charges and other direct costs included access to network, roaming and interconnection services, provided by entities under common control and other related parties. Trade payables to entities under common control and other related parties comprise amounts due for access to network, roaming and interconnection services. Trade payables to related parties are non -interestbearing and are settled in the normal course of business. Other operating expenses included consultancy fees and external personnel provided by the ultimate parent and entities under common control. Right -of -useassets as of December 31, 2024 and 2023 relate to the sale of the passive infrastructure of sites to entities under common control in 2021 and the lease -backof those sites. COMPENSATION TO DIRECTORS AND SENIOR MANAGERS As VEON Holdings B.V. and Kyivstar are part of the Wider VEON Group, their operations are managed by Wider VEON Group Executive Committee (GEC) which includes the Group Chief Executive Officer, Group Chief Financial Officer and Group General Council of Wider VEON Group. Consequently, the Company considers the Wider VEON Group’s GEC, Kyivstar’s Chief Executive Officer and Kyivstar’s Chief Financial Officer to be the key management personnel, as defined by IAS24, Related Party Disclosures and finds it appropriate to disclose the compensation of the key management. The total key management remuneration for the year ended December 31, 2024 relating to GEC and Kyivstar’s key executives amounted to US$3 and US$5 (2023: US$3 and US$4), respectively. The management fee and the allocation may not be indicative of the expenses related to management remuneration that will incur in the following financial years. Under VEON Ltd.’s bye -laws, the Board of Directors of VEON Ltd