Company: KYIV
Filing Date: 2025-07-22
Form Type: 424B3
Source: 0001213900-25-066705
Chunk: 586

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-22
Form: 424B3
Chunk 586
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KS, COMMITMENTS, CONTINGENCIES AND UNCERTAINTIES Other than disclosed elsewhere in these interim condensed combined financial statements, there were no material changes to risks, commitments, contingencies and uncertainties that occurred during the three -monthperiods ended March 31, 2025 and 2024. 12EVENTS AFTER THE REPORTING PERIOD Kyivstar closes Uklon acquisition As disclosed in Note 4, Kyivstar’s acquisition of Uklon on March 19, 2025 was subject to customary closing conditions and approvals. The required regulatory approvals and completion steps were completed on April 2, 2025 and control over Uklon was deemed to be transferred as of this date. Furthermore, as of the date of issuance of these interim condensed combined financial statements, the initial purchase price accounting has not been completed and as such the estimated financial impact associated with the completed transaction is not yet available. VEON completes reorganization of VEON Holdings B.V. As disclosed in Note 1, on April 8, 2025, VEON announced that it had successfully completed the reorganization of VEON Holdings B.V. These steps pave the way for the proposed business combination with Cohen Circle, which is expected to lead to the common shares and warrants of Kyivstar Group, being listed on Nasdaq.

F-105 VEON Holdings B.V.Notes to the interim condensed combined financial statements
(in millions of U.S. dollars unless otherwise stated) 12EVENTS AFTER THE REPORTING PERIOD (cont.) Bond repayments VEON Holdings B.V. repaid all of its 4.0% April 2025 U.S. Dollar denominated Notes (US$472) and 6.3% June 2025 Russian Ruble denominated Notes (US$100 (RUB7,840)), on April9, 2025 and June18, 2025, respectively, utilizing the proceeds from the partial settlement of the VEON Amsterdam loan receivable (US$330) and the remaining from cash and cash equivalents. Kyivstar increases ownership stake in Helsi In May 2025, Kyivstar and LLC “UKRAINIAN INVESTMENT PLATFORM”, representing 26.9% ownership together with other minority stakeholders representing 1.1% ownership in Helsi, negotiated an agreement to buy out the ownership stake of these parties for US$11. Simultaneously the parties also terminated the existing put and call option agreements to the extent representing the stake