Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 494

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 494
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 4 |
| Lease liabilities                              |     |      281 |
| Total at amortized cost                        |     |      887 |
| Total debt and derivatives                     |     |      898 |
| Non-current                                    |     |      815 |
| Current                                        |     |       83 |

At discounted redemption amount This represents Helsi put -optionliability amounting to US$11 measured at the discounted redemption amount. Refer to Note 1 and Note 11 for further details in relation to the Helsi acquisition. At amortized costs As of December 31, 2023, bonds represent the principal amounts outstanding for two interest -bearing2025 Notes. One bond is denominated in U.S. Dollar and matures on April 9, 2025, with a principal outstanding amount of US$496 as of December 31, 2023 and an interest rate of 4.0%. The other bond is denominated in Russian Ruble (“RUB”), with an outstanding amount at December 31, 2023 of US$101 (RUB9,187), maturing on June 18, 2025. The bond denominated in RUB carries an interest rate of 6.3%. Refer to Note 14, Note 15 and Note 16 for details on bond repayments. In June 2022, the Group received a short -termloan from the related party LLC “VimpelCom Global Services Ukraine” in the amount of US$4. This was still fully outstanding at December 31, 2023 and matured in June 2024. The lease liabilities are primarily (approximately 70%) related to the sale of the passive infrastructure of sites to the entity under common control and lease back places on those sites.

F-55

VEON Holdings B.V.
FINANCING ACTIVITIES OF THE GROUP (cont.) 14INVESTMENTS, DEBT AND DERIVATIVES (cont.) SIGNIFICANT CHANGES IN DEBT AND DERIVATIVES Reconciliation of cash flows from financing activities

| Balance as of January 1, 2023                            |     | Bonds and 
  interest 
   accrued 
  on bonds 
       630 |   |     | Loan from 
    parent 
        61 |   |     |       Lease 
 liabilities 
         227 |   |     | Put option 
  liability 
         13 |   |     | Total 
   931 |   |
|: