Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 465

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 465
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       |
| Trade and other payables                                   |     |      |     |   120 |
| Debt and derivatives                                       |     |   14 |     |    83 |
| Provisions                                                 |     |    7 |     |     5 |
| Current income tax payables                                |     |    8 |     |    16 |
| Other liabilities                                          |     |    6 |     |    41 |
| Total current liabilities                                  |     |      |     |   265 |
| Total net investment and liabilities                       |     |      |     | 1,983 |

The accompanying notes are an integral part of these combined financial statements

F-26

VEON Holdings B.V.
COMBINED STATEMENT OF CHANGES IN NET INVESTMENT for the year ended December 31, 2023:

| (In millions of U.S. dollars, except for share amounts) |     |  Net investment 
 attributable to 
   owners of the 
          parent |     | Foreign     
 currency    
 translation |   |     |       Total net 
      investment 
 attributable to 
   owners of the 
          parent |   |
| As of January 1, 2023                                   |     |           2,592 |     | (1,953      | ) |     |             639 |   |
| Profit for the period                                   |     |             281 |     | —           |   |     |             281 |   |
| Other comprehensive loss                                |     |               — |     | (33         | ) |     |             (33 | ) |
| Total comprehensive income/(loss)                       |     |             281 |     | (33         | ) |     |             248 |   |
| As of December 31, 2023                                 |     |           2,873 |     | (1,986      | ) |     |             887 |   |

The accompanying notes are an integral part of these combined financial statements.

F-27

VEON Holdings B.V.
COMBINED STATEMENT OF CASH FLOWS for the year ended December 31

| (In millions of U.S. dollars)                                         |     | Note |     | 2023 |   |
| Operating activities                                                  |     |      |     |      |   |
| Profit before tax                                                     |     |      |     |  346 |   |
| Non-cash adjustments to reconcile profit before tax to