Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 477

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 477
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ANGES IN SHAREHOLDERS’ DEFICIT
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

|                                                            |     |         Class A 
 Ordinary Shares 
          Shares |     | Amount |    |     |            Class B 
 Ordinary Shares(1) 
             Shares |     | Amount |     |     | Additional 
 Paid-in    
 Capital    |            |   |     | Accumulated 
 Deficit     |             |   |     | Total         
 Shareholders’ 
 Deficit       |             |   |
|:-----------------------------------------------------------|:----|----------------:|:----|:-------|---:|:----|-------------------:|:----|:-------|----:|:----|:-----------|-----------:|:--|:----|:------------|------------:|:--|:----|:--------------|------------:|:--|
| Balance – December 31, 2022                                |     |               — |     | $      |  — |     |          7,905,000 |     | $      | 791 |     | $          |     24,209 |   |     | $           |     (66,879 | ) |     | $             |     (41,879 | ) |
| Net loss                                                   |     |               — |     |        |  — |     |                  — |     |        |   — |     |            |          — |   |     |             |    (377,628 | ) |     |               |    (377,628 | ) |
| Balance – December 31, 2023                                |     |               — |     |        |  — |     |          7,905,000 |     |        | 791 |     |            |     24,209 |   |     |             |    (444,507 | ) |     |               |    (419,507 | ) |
| Sale of 715,000 Placement Units                            |     |         715,000 |     |        | 72 |     |                  — |     |        |   — |     |            |  7,149,928 |   |     |             |           — |   |     |               |   7,150,000 |   |
| Fair value of Public Warrants at issuance                  |     |               — |     |        |  — |     |                  — |