Company: KYIV
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001213900-25-033341
Chunk: 253

Company: Kyivstar Group Ltd.
Filing Date: 2025-04-18
Form: DRS
Chunk 253
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 |     | b    |     |           (3 | ) |
| Interest earned on marketable securities held in Trust Account |     |            2 |     |          (2 | ) |     | c    |     |            — |   |
| Finance income                                                 |     |            — |     |           2 |   |     | c    |     |            2 |   |
| Profit (loss) for the period                                   |     |            2 |     |          (3 | ) |     |      |     |           (1 | ) |

The IFRS Adjustments and Reclassifications (presentation alignment) included in the unaudited pro forma condensed combined statement of financial position as of December 31, 2024 are as follows: a.To convert Cohen Circle’s financial statements from U.S. GAAP to IFRS for purposes of the unaudited pro forma condensed combined financial information, an adjustment is recorded to reclassify Cohen Circle Class A Ordinary Shares subject to possible redemption to non -currentfinancial liabilities in accordance with International Accounting Standards 32 Financial Instruments: Disclosure and Presentation (“IAS 32”), as Cohen Circle shareholders have the right to require Cohen Circle to redeem the Cohen Circle Class A Ordinary Shares and Cohen Circle has an irrevocable obligation to deliver cash or another financial instrument for such redemption. b.To convert Cohen Circle’s financial statements from U.S. GAAP to IFRS for purposes of the unaudited pro forma condensed combined financial information, an adjustment is recorded to reclassify Cohen Circle Public Warrants to non -currentfinancial liabilities in accordance with IAS 32 and IFRS 9 Financial Instruments (“IFRS 9”). These warrants will be recorded in non -currentfinancial liabilities at fair value based on the market price of Cohen Circle’s Public Warrants .This adjustment will impact both Cohen Circle’s statement of financial position and Cohen Circle’s income statement for the change in fair value of the public warrants. c.Reflects the reclassification adjustments to align Cohen Circle’s historical financial statements from U.S. GAAP to IFRS and to ensure an alignment of presentation with VEON Holdings’ combined statement of financial position and statement of income. 3.Pro Forma Significant Assumptions 3.1 Available Cash as of Closing Pursuant to Business Combination Agreement, the Minimum Cash Condition (including the aggregate amount of cash available in the Trust Account as of Closing after taking into account all public shareholder redemptions as of Closing and any private placement financing