Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 41

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 41
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 8,620,000 | ) |     | Scenario 2   
 Assuming 50% 
 Redemptions  | (11,111,740 
   8,620,000 | ) |     | Scenario 3  
 Assuming    
 Maximum     
 Redemptions | (11,111,740 
   8,620,000 | ) |
|:-----------------------------------------------------------------------------------|:----|:------------|------------:|:--|:----|:-------------|------------:|:--|:----|:------------|------------:|:--|
| Cohen Circle’s net tangible book value per share, as of March 31, 2025             |     | $           |       (1.29 | ) |     | $            |       (1.29 | ) |     | $           |       (1.29 | ) |
| Cohen Circle’s net tangible book value per share as of March 31, 2025, as adjusted |     | $           |        7.38 |   |     | $            |        5.56 |   |     | $           |        3.05 |   |

For purposes of Regulation S -K, Item 1604(c)(1), Kyivstar Group Ltd. would have 219,991,570 total shares after giving effect to the de -SPACtransaction under the no redemptions scenario (including 1,323,838 Vesting Securities). Where there are no redemptions, the Company valuation is based on Cohen Circle’s offering price of the securities in the initial registered offering price per share of $10.00 is therefore calculated as: $10.00 (per share IPO price) times 219,991,570shares, or $2,199,915,700. The following table illustrates the valuation at the offering price of the securities in the initial registered offering price of $10.00 per share for each redemption scenario:

| USD                                                                                                                                   |     | Scenario 1  
 Assuming No 
 Redemptions |               |     | Scenario 2   
 Assuming 50% 
 Redemptions  |               |     | Scenario 3  
 Assuming    
 Maximum     
 Redemptions |               |
|:--------------------------------------------------------------------------------------------------------------------------------------|:----|:------------|--------------:|:----|:-------------|--------------:|:----|:------------|--------------:|
| Cohen Circle shares valuation based on offering price of the securities in the initial registered offering of $10.00 per share        |     |