Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 343

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 343
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 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 acquired on April2, 2025. Collectively these five entities are referred to as “ Uklon Group” or “ Uklon”. Collectively, VEON Holdings and Kyivstar included in these interim condensed combined financial statements are referred to as the “ Group” or “ we” or “ our” or “ VEON Group”. VEON Ltd. and all its subsidiaries, excluding VEON Group, are henceforth referred to as “ Wider VEON Group”, while Wider VEON Group including VEON Group is referred to as “ VEON”. F-94

VEON Holdings B.V.Notes to the interim condensed combined financial statements
(in millions of U.S. dollars unless otherwise stated) 1GENERAL INFORMATION (cont.) The main operating company in Kyivstar is JSC Kyivstar.