Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 336

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 336
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 shows the effect on the Company’s profit before tax (due to changes in the value of monetary assets and liabilities, including foreign currency derivatives). The Company’s exposure to foreign currency changes for all other currencies is not material.

| 2024                            |     |  Increase/ 
 (decrease) 
       in % |   |     |  Increase/ 
 (decrease) 
  of profit 
 before tax |   |     |  Increase/ 
 (decrease) 
     of net 
 investment |   |
| Change in USD exchange rate     |     |     +10.00 | % |     |         34 |   |     |         28 |   |
| Change in the EUR exchange rate |     |     +10.00 | % |     |         11 |   |     |          9 |   |
| Change in USD exchange rate     |     |      -1.00 | % |     |         (3 | ) |     |         (3 | ) |
| Change in the EUR exchange rate |     |      -1.00 | % |     |         (1 | ) |     |         (1 | ) |

F-81

VEON Holdings B.V. GENERAL INFORMATION ABOUT THE GROUP 16FINANCIAL RISK MANAGEMENT (cont.)

| 2023                            |     |  Increase/ 
 (decrease) 
       in % |   |     |  Increase/ 
 (decrease) 
  of profit 
 before tax |   |     |  Increase/ 
 (decrease) 
     of net 
 investment |   |
| Change in USD exchange rate     |     |     +10.00 | % |     |         14 |   |     |         11 |   |
| Change in the EUR exchange rate |     |     +10.00 | % |     |          5 |   |     |          4 |   |
| Change in USD exchange rate     |     |      -1.00 | % |     |         (1 | ) |     |         (1 | ) |
| Change in the EUR exchange rate |     |      -1.00 | % |     |          — |   |     |          — |   |

Credit Risk Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Group is exposed to credit risk from its operating activities (primarily for trade receiv