Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 414

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 414
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30, 2025.

The following table displays the calculation of the listing expense recognized on August 14, 2025 for the period ended September 30, 2025:

|                                                                                                          |     |     Number 
     issued |     |  Fair 
 Value |
| Shares issued to SPAC public investors (at US$12.70/share)                                               |     | 17,152,985 |     |   218 |
| Shares issued to SPAC non-redeeming shareholders (at US$12.70/share)                                     |     |    757,745 |     |    10 |
| Shares issued to SPAC sponsor (at US$12.70/share)                                                        |     |  4,686,515 |     |    60 |
| Shares issued to SPAC sponsor – Sponsor vesting shares, Tranche 1 (at US$8.70/share)                     |     |    661,919 |     |     6 |
| Shares issued to SPAC sponsor – Sponsor vesting shares, Tranche 2 (at US$8.10/share)                     |     |    661,919 |     |     5 |
| Warrants issued to SPAC public investors (at US$3.35/warrant)                                            |     |  7,666,629 |     |    26 |
| Fair value of consideration                                                                              |     |            |     |   324 |
| Fair value of Cohen Circle Net Assets acquired                                                           |     |            |     |   162 |
| Excess of fair value of consideration over Cohen Circle’s net assets (IFRS 2 charge for listing service) |     |            |     |   162 |

Acquisition of Uklon

On March 19, 2025, JSC Kyivstar signed an agreement to acquire Uklon Group, a leading Ukrainian ride-hailing and delivery platform. This strategic acquisition marks Kyivstar’s expansion into a new area of digital consumer services in line with VEON’s digital operator strategy. Kyivstar acquired % of Uklon Group shares for a total consideration of US$ upon the closing of the transaction. The agreement was subject to customary closing conditions and approvals that were obtained on April 2, 2025, the date the acquisition was completed.

F-144

Kyivstar Group Ltd. Notes to the interim condensed consolidated financial statements (in millions of U.S. dollars unless otherwise stated) 4SIGNIFICANT TRAN