Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 146

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 146
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 have a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Credit evaluations are performed for all customers requiring credit over a certain amount. Credit risk arising from financial transactions is reduced through diversification, accepting counterparties with high credit ratings only and defining limits on aggregated credit exposure towards each counterparty. Our credit risk exposure is monitored and analyzed on a case -by-casebasis, and we believe that credit risk is appropriately reflected in impairment allowances recognized against assets. Our maximum exposure to credit risk for the components of the statement of financial position at September 30, 2025 and December 31, 2024 is the carrying amount. Foreign currency exposure Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. Our exposure to the risk of changes in foreign exchange rates relates primarily to our operating activities (when our trade receivables and trade payables are denominated in foreign currencies) and financing activities (when interest -bearingborrowings are denominated in foreign currencies). The exchange rates for foreign currencies, in which our financial assets and liabilities were denominated, against Ukrainian hryvnia, as declared by the NBU as of the dates and periods stated, are as follows:

| (in millions)      
 December 31, 2023  
 Average for 2024   |     |    USD 
 37.982 
 40.159 |     |    EUR 
 42.208 
 43.459 |
|:-------------------|:----|-------:|:----|-------:|
| December 31, 2024  |     | 42.039 |     | 43.926 |
| September 30, 2025 |     | 41.318 |     | 48.441 |

85

The following table demonstrates the sensitivity to a possible change in exchange rates against the U.S. dollar and euro with all other variables held constant. Additional sensitivity changes to the indicated currencies are expected to be approximately proportionate. The tables show the effect on our profit before tax (due to changes in the value of monetary assets and liabilities, including foreign currency derivatives). Our exposure to foreign currency changes for all other currencies is not material.

| As of December 31, 2024         |     |       Increase/ 
 (decrease) in % |     |         Increase/ 
     (decrease) of 
 profit before tax |   |     |      Increase/