Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 557

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 557
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 – 10 years  |
| Brands and trademarks                                    |     | 3 – 15 years  |
| Customer relationships                                   |     | 15 – 40 years |
| Other intangible assets                                  |     | 4 – 10 years  |

Goodwill is recognized for the future economic benefits arising from net assets acquired that are not individually identified and separately recognized. Goodwill is not amortized but is tested for impairment annually and as necessary when circumstances indicate that the carrying value may be impaired, see Note 9 for further details. SOURCE OF ESTIMATION UNCERTAINTY Refer also to Note 10 for further details regarding source of estimation uncertainty. Depreciation and amortization of non-current assets Estimates in the evaluation of useful lives for intangible assets include, but are not limited to, the estimated average customer relationship based on churn, the remaining license or concession period and the expected developments in technology and markets. The actual economic lives of intangible assets may be different than estimated useful lives, thereby resulting in a different carrying value of intangible assets with finite lives. We continue to evaluate the amortization period for intangible assets with finite lives to determine whether events or circumstances warrant revised amortization periods. A change in estimated useful lives is a change in accounting estimate, and depreciation and amortization charges are adjusted prospectively.

F-73

VEON Holdings B.V. GENERAL INFORMATION ABOUT THE GROUP 12INVESTMENTS IN SUBSIDIARIES The Company held direct investments in JSC Kyivstar as of December 31 as detailed in the table below. The equity interest presented represents the economic rights available to the Company.

|                                |     | Equity interest held by the Group |     |            |     |        |   |     |        |   |
| Name of significant subsidiary |     | Country of                        
 incorporation                     |     | Nature of  
 subsidiary |     |   2024 |   |     |   2023 |   |
| JSC Kyivstar*                  |     | Ukraine                           |     | Operating  |     | 99.995 | % |     | 99.995 | % |

____________ *Based on the development with respect to the freezing of VEON’s corporate rights in Kyivstar as discussed in Note 1 , the Company has full control over its subsidiaries in the Ukraine For details on indirect investments of the Company in further subsidiaries, refer to Note 1. MATERIAL PARTLY-OWNED SUBSIDIARIES Apart from Helsi, the Company has