Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 336

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 336
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 |     |   (52 | ) |
| Impairment reversal              |     |                  1 |   |     |             — |   |     |            — |   |     |     1 |   |
| Translation adjustment           |     |                 (7 | ) |     |             — |   |     |           (1 | ) |     |    (8 | ) |
| As of December 31, 2023          |     |                225 |   |     |             7 |   |     |            3 |   |     |   235 |   |

The amount of additions during 2024 included US$ of lease term reassessment (2023: US$).

Right-of-use assets as of December 31, 2024 and 2023 are included within “Property and equipment”. Included in additions for the year ended December 31, 2024 is US$ (2023: US$) of passive infrastructure which the Company sold to an entity under common control and leased back.

F-72

VEON Holdings B.V.
GENERAL INFORMATION ABOUT THE GROUP 10PROPERTY AND EQUIPMENT (cont.)

The Group recognized lease liabilities as follows as of December 31:

|                                        |     | 2024 |     | 2023 |
| Short-term lease liabilities (Note 14) |     |   78 |     |   74 |
| Long-term lease liabilities (Note 14)  |     |  216 |     |  207 |
| Total lease liabilities                |     |  294 |     |  281 |

Interest expense in 2024 of US$ (2023: US$) is included within finance costs.

Total cash outflows for leases during 2024 amounted to US$ (2023: US$).

COMMITMENTS

Capital commitments for the future purchase of equipment are as follows as of December 31:

|                   |     | 2024 |     | 2023 |
| Less than 1 year  |     |   40 |     |   10 |
| Total commitments |     |   40 |     |   10 |

Capital commitments arising from telecommunications licenses

Group’s ability to generate revenue is dependent upon the operation of the wireless telecommunications networks authorized under its various licenses for GSM-900/1800, “3G” (UMTS/WCDMA) mobile radiotelephone communications services and “4G” (LTE).

Under the license