Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 562

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 562
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.) At amortized costs As of December 31, 2024, bonds represent the principal amounts outstanding for two interest -bearing2025 Notes. One bond is denominated in U.S. Dollars and matures on April 9, 2025, with a principal outstanding amount of US$496 (2023: US$496) and an interest rate of 4.0%. The other bond is denominated in Russian Ruble (“RUB”), with an outstanding amount of US$89 (RUB9,040) (2023: US$101 (RUB9,040)), maturing on June 18, 2025. The bond denominated in RUB carries an interest rate of 6.3%. Refer to Note 14, Note 15 and Note 16 for details on bond repayments. In June 2022, the Group received a short -termloan from the related party LLC “VimpelCom Global Services Ukraine” in the amount of US$4. This was still fully outstanding as of December 31, 2023 and settled in 2024. The lease liabilities are primarily (approximately 70%) related to the sale of the passive infrastructure of sites an entity under common control and lease back places on those sites. SIGNIFICANT CHANGES IN DEBT AND DERIVATIVES Reconciliation of cash flows from financing activities

| Balance as of January 1, 2024                            |     |  Bonds and 
   interest 
 accrued on 
      bonds 
        602 |   |     | Loan from 
 parent    
 4         |   |     |       Lease 
 liabilities 
         281 |   |     | Put option 
  liability 
         11 |   |     | Total 
   898 |   |
|:---------------------------------------------------------|:----|-----------:|:--|:----|:----------|:--|:----|------------:|:--|:----|-----------:|:--|:----|------:|:--|
| Cash flows                                               |     |            |   |     |           |   |     |             |   |     |            |   |     |       |   |
| Repayment of debt                                        |     |          — |   |     | —         |   |     |         (29 | ) |     |          — |   |     |   (29 | ) |
| Interest paid                                            |     |        (25 | ) |     | —         |