Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 587

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 587
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ivstar amounting to US$335 (2024: US$234) earns interest based on bank deposit rates. Short -termdeposits are made for varying periods between one day and three months, depending on immediate cash requirements and earn interest at the respective short -termdeposit rates. Cash and cash equivalents with original maturity of less than three months amounting to US$154 (2024: US$195) comprise short -termdeposits and sovereign Ukrainian bonds held by Kyivstar. The imposition of currency exchange controls or other similar restrictions on currency convertibility in Ukraine could limit the Group’s ability to convert local currencies or repatriate local cash in a timely manner or at all, as well as remit dividends. 9DIVIDENDS AND CAPITAL DISTRIBUTIONS There were no dividends or capital distributions paid during the three -monthperiods ended March 31, 2025 and 2024. ADDITIONAL INFORMATION 10RELATED PARTIES The immediate parent and ultimate controlling shareholder of the Company are VEON Amsterdam B.V. and VEON Ltd., respectively. Related parties, as defined by IAS24, are natural persons or companies that can be influenced by VEON Holdings, that can exert an influence on VEON Holdings or that are under the influence of another related party of VEON Holdings. Transactions with related parties were conducted at arm’s length. The following table provides the total amount of transactions that have been entered into with related parties and their affiliates for the period ended March 31:

|                                                           |     |      2025 |   |     |          |   |     |      2024 |     |          |   |
|                                                           |     |  Ultimate 
       and 
 Immediate 
    parent |   |     | Entities 
 under    
 common   
 control  |   |     |  Ultimate 
       and 
 Immediate 
    parent |     | Entities 
 under    
 common   
 control  |   |
| Cost of materials, traffic charges and other direct costs |     |         — |   |     | (2       | ) |     |         — |     | (2       | ) |
| Finance costs                                             |     |         — |   |     | (10      | ) |     |         — |     | (9       | ) |
| Depreciation charge of right-of-use asset                 |     |         — |   |     | (8       | ) |     |         — |     | (7       | ) |
| Other operating expenses