Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 399

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 399
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, 2020, we and VEON Wholesale Services B.V., a subsidiary of VEON, entered into a service agreement for international roaming and telecommunications services. The services provided by VEON Wholesale Services B.V. included managing roaming tariffs, negotiating and managing framework wholesale agreements and roaming agreements, providing technology management and consulting on retail roaming product development. This agreement was terminated March31, 2024. The cost for these services was determined quarterly based on a formula that considered our roaming costs and revenues, as well as those of the VEON. We did not pay anything under this agreement in the years ended December31, 2022, and 2023. In the year ended December31, 2024, we paid VEON approximately $4.4million pursuant to this agreement. 222

BENEFICIAL OWNERSHIP OF Kyivstar Group Ltd. SECURITIES The following table sets forth information regarding the beneficial ownership of Cohen Circle’s Ordinary Shares as of the date of this proxy statement/prospectus, by: •each person known by Cohen Circle to be the beneficial owner of 5% or more of issued and outstanding Cohen Circle Ordinary Shares; •each of Cohen Circle’s executive officers and directors; and •all of Cohen Circle’s executive officers and directors, as a group. Beneficial ownership for the purposes of the following table is determined in accordance with the rules and regulations of the SEC. A person is a “beneficial owner” of a security if that person has or shares “voting power,” which includes the power to vote or to direct the voting of the security, or “investment power,” which includes the power to dispose of or to direct the disposition of the security or has the right to acquire such powers within 60 days. Unless otherwise indicated, Cohen Circle believes that all persons named in the table have sole voting and investment power with respect to all ordinary shares (of the applicable type) beneficially owned by them. The percentage of beneficial ownership of Cohen Circle in the table below is calculated based on March 25, 2025 Cohen Circle Ordinary Shares, consisting of (i) 23,715,000 Cohen Circle Class A Ordinary Shares (which includes Cohen Circle Class A Ordinary Shares underlying the Units) and (ii) 7,905,000 Cohen Circle Class B Ordinary Shares, issued and outstanding as of the date of this proxy statement/prospectus. The table below does not include the Cohen Circle Class A Ordinary Shares underlying the Cohen Circle Private Warrants held by the Sponsor or any Cohen