Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 562

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 562
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ON Holdings B.V. GENERAL INFORMATION ABOUT THE GROUP 16FINANCIAL RISK MANAGEMENT The Group’s principal financial instruments comprise cash and cash equivalents, current financial investments, and other current financial assets. The Group has various other financial instruments, such as trade payables and trade receivables, prepaid credit balances that are refundable to the customers or can be used as currency to purchase items from other suppliers, which arise directly from its operations. It is the Group’s policy not to trade with financial instruments. The Group is exposed to market risk, credit risk and liquidity risk. The Group’s overall risk management program focuses on the unpredictability and inefficiency of the Ukrainian financial markets and seeks to minimize potential adverse effects on the financial performance of the Group. The Group’s senior management oversees the management of these risks and financial risk -takingactivities are governed by appropriate policies and procedures so that financial risks are identified, measured and managed in accordance with the Group policies. The policies for managing each of these risks are summarized below. INTEREST RATE RISK The Group has limited exposure to interest rate risk as debt costs are fixed rate. The Group has no exposure to other price risk. FOREIGN CURRENCY RISK Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of the changes in foreign exchange rates. The Group’s exposure to the risk of changes in foreign exchange rates relates primarily to the Group’s operating activities (when the Group’s trade receivables and trade payables are denominated in foreign currencies) and financing activities (when interest -bearingborrowings are denominated in foreign currencies). The exchange rates for foreign currencies, in which the Group’s financial assets and liabilities were denominated, against Ukrainian Hryvnia, as declared by the National Bank of Ukraine as of the dates and periods stated, are as follows:

| January 01, 2023  
 Average for 2023  |     |    USD 
 36.569 
 36.594 |     |    EUR 
 38.951 
 39.363 |
|:------------------|:----|-------:|:----|-------:|
| December 31, 2023 |     | 37.982 |     | 42.208 |
| Average for 2024  |     | 40.159 |     | 43.459 |
| December 31, 2024 |     | 42.039 |     | 43.926 |

Foreign currency sensitivity The following table