Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 483

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 483
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----------------:|:----|----------:|:----|------:|
| Arising during the year |     |              1 |     |               — |     |         — |     |     1 |
| As of December 31, 2023 |     |              3 |     |               3 |     |         2 |     |     8 |
| Non-current             |     |              — |     |               3 |     |         — |     |     3 |
| Current                 |     |              3 |     |               — |     |         2 |     |     5 |

The timing of payments in respect of provisions is, with some exceptions, not contractually fixed and cannot be estimated with certainty. In addition, with respect to legal proceedings, given inherent uncertainties, the ultimate outcome may differ from VEON Group’s current expectations.

F-42 VEON Holdings B.V.
OPERATING ACTIVITIES OF THE GROUP (cont.) 7PROVISIONS AND CONTINGENT LIABILITIES (cont.) See “Source of estimation uncertainty” below in this Note 7 for further details regarding assumptions and sources of uncertainty. For further details regarding risks associated with income tax and non -incometax positions, please refer to “Source of estimation uncertainty” in Note 8. The Group has recognized a provision for decommissioning obligations associated with future dismantling of its towers in Ukraine. CONTINGENT LIABILITIES There were no contingent liabilities as of December 31, 2023. Any capital commitments are described in Note 10. Other contingencies and uncertainties There were no other contingencies and uncertainties as of December 31, 2023. ACCOUNTING POLICIES Provisions are recognized when the Group has a present obligation (legal or constructive), as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are discounted using a current pre -taxrate if the time value of money is significant. Contingent liabilities are possible obligations arising from past events, whose existence will be confirmed only by the occurrence or non -occurrenceof one or more uncertain future events not wholly within the control of the Group. SOURCE OF ESTIMATION UNCERTAINTY The Group may be involved in various legal proceedings, internal and external investigations, disputes and claims, including regulatory discussions related to the Group’s business