Company: KYIV
Filing Date: 2025-06-06
Form Type: 425
Source: 0001213900-25-051743
Chunk: 23

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-06
Form: 425
Chunk 23
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, one of the most recognizable national brands 1 and proven leader in Ukraine’s digital infrastructure National Champion Proven leaders with a track record of resilience through war and robust governance World class team Resilient financial profile with $562M Adj. EBITDA, 57% Adj. EBITDA margin and $315M Adj. EBITDA minus CAPEX 2 , poised for growth with Ukrainian recovery and digital services expansion Highly profitable with multiple levers for growth 4 Significant financial and strategic flexibility – $489 million Cash and cash equivalents with no external debt 3,4 Strong balance sheet 5 3 1 2 2 5 Notes: 1. According to quarterly reputation tracking report prepared by marketing agency InMind 2. Adjusted EBITDA, Adjusted EBITDA margin and Adjusted EBITDA minus CAPEX for last twelve months (LTM); CAPEX refers to CAPEX excl. licenses and ROU (refer to p.31 - 32 for reconciliation of non - IFRS measures) 3. $489m cash and cash equiv. at Kyivstar; defined as $712m Cash and cash equiv., as presented in the combined statements minus Cas h and cash equiv. at banks and on hand at VEON Holdings, incl. cash of $10m retained in accordance with the demerger proposal and an estimated amount of $213m to cover the repayment of the 2025 Notes 4. No external debt at Kyivstar; VEON Holdings contains 2025 Notes expected to be settled before closing of the business combina tio n as per demerger proposal 5. Upon the successful closing of the business combination

Kyivstar at a glance Leading market positions with ambitious expansion opportunities in digital 7 Telecom business Digital Leading Ukrainian mobile communication provider, offering voice, data and IoT 1 solutions A leading provider of high - speed internet and reliable voice communication 2 One of Ukraine’s leading digital TV platforms 2 Ukraine's largest digital health provider 5 Growing B2B and B2C big data & cloud solutions 2 Big data & cloud Mobile Fixed Broadband Kyivstar TV #1 mobile operator in Ukraine 2 with 23m subscribers #1 broadband provider in Ukraine 2 with over 1.1m subscribers 47% estimated market share by number of subscribers 3 47% 14% estimated market share by number of subscribers in fragmented market 4 14% 2 m registered users