Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 187

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 187
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 of VEON, filed a motion with Shevchenkivskyi District Court of Kyiv requesting cancellation of the freezing of corporate rights in Ukraine Tower Company. On June 26, 2024, the motion was supplemented to request cancellation of the freezing of corporate rights in JSC Kyivstar, Kyivstar.Tech and Helsi Ukraine. 111 Subsequently, on November 29, 2024 the Shevchenkivskiyi District Court of Kyiv ruled in favor of the request to unfreeze 47.85% of VEON’s corporate rights in JSC Kyivstar, 100% of VEON’s corporate rights in its “other Ukrainian subsidiaries”: Ukraine Tower Company, Kyivstar.Tech and Helsi (for which 69.99% was frozen by the Ukrainian courts). The decision fully removed the restrictions on VEON’s corporate rights imposed by the Ukrainian courts on us and Ukraine Tower Company. Blocking of Voting Rights of VEON in JSC Kyivstar In April 2024, the Ukrainian custodian of VEON’s shares in JSC Kyivstar marked all VEON’s shares (including ones which were not subject to the freezing order) as non -voting. Although no sufficient explanation has been provided by the custodian, it is understood that there were two reasons for the action: (a) the freezing order (which is now lifted); and (b) sanctioned individual(s) being ultimate beneficiaries of JSC Kyivstar or indirect owners of significant shareholdings in JSC Kyivstar. The issue is ongoing as of the date of this prospectus. 112

MANAGEMENT The number of directors of Kyivstar Group Ltd. is ten, six of whom are independent directors. Kyivstar Group Ltd.’s bye -lawsprovide that the Kyivstar Group Ltd. Board shall consist of a maximum of eleven directors, and not less than five directors. The following sets forth certain information concerning the persons who serve as Kyivstar Group Ltd.’s executive officers and directors.

| Name                             |     | Age |     | Position/Title                  |
| Executive Officers and Director: |     |     |     |                                 |
| Kaan Terzioğlu                   |     |  56 |     | Executive Chairman and Director |
| Oleksandr Komarov                |     |  52 |     | President                       |
| Boris Dolgushin                  |     |  43 |     | Chief Financial Officer