Company: KYIV
Filing Date: 2025-06-05
Form Type: 425
Source: 0001213900-25-051631
Chunk: 22

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: 425
Chunk 22
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 pricing Although reliant on external support, the economy recently stabilized : • Real GDP growth by 5.3% in 2023 and 2.9% in 2024 (y - o - y) 2 • Consumer inflation at 1 5 . 1 % in April 2025 (y - o - y) 3 is expected to decline in 2025 - 26 to more normalized levels Worsened macro landscape with UAH devaluation and inflation peaking Proven ability to stabilize connectivity across Ukraine within very limited timeframe as well as enhanced cybersecurity protection following 2023 attack Widespread external cyberattack resulting in temporary full disruption of Kyivstar network and services across entire country

157 231 230 471 561 13 12 8 3,774 3,463 3,225 3,325 3,774 3,636 3,939 4,124 2021 2022 2023 2024 Helsi Kyivstar Tech VEON Holdings B.V. Kyivstar Highly experienced and well - motivated team in - place across all verticals 20 Total FTEs, eop Employee engagement, % 3 Source: Kyivstar, Surveys performed by Big - 4 consulting firms Notes: 1. Number of employees who resigned voluntarily relative to total number of employees (excl. the call center ) 2. Incl. 36 employees of LanTrace acquired by Kyivstar in Q4 2024 3. Based on HR survey conducted by two different consulting firms Voluntary churn rate 1 , % 2 9% 6% 6% 7% 2 Internal procedures in place to manage risk of mobilization of key personnel Majority of employees are in Ukraine (95%) 2024 engagement at 86%, higher than pre - war (80% in 2020) 80% 86% 2020 2024 3

As a subsidiary of Nasdaq - listed VEON, Kyivstar has operated with strong governance 21 Current Kyivstar Supervisory Board Robust governance practices driven by VEON Kaan Terzioglu Dmytro Shymkiv Chairman of Kyivstar Board CEO of VEON Board member Former Deputy Chief of Staff Office of the President of Ukraine and former CEO of Microsoft Ukraine Former CEO of Turkcell Mike Pompeo Gennady Gazin Board member Board member Former Senior Partner McKinsey & Company Former United States