Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 87

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 87
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 VEON will continue to have significant influence over Kyivstar Group Ltd., which could limit your ability to influence the outcome of key transactions, including a change of control. Summary Historical Combined Financial Information of Kyivstar Group Prior to the Business Combination The following table shows summary historical financial information of Kyivstar Group for the periods and as of the dates indicated. The summary historical financial information of Kyivstar Group and its subsidiaries as of March31, 2025 and for the three months ended March31, 2025 and 2024 were derived from the unaudited condensed combined financial statements of VEON Holdings B.V. included elsewhere in this proxy statement/prospectus. The summary historical financial information of Kyivstar Group as of December 31, 2024 and 2023 and for the years ended December 31, 2024 and 2023 were derived from the audited combined financial statements of VEON Holdings B.V. included elsewhere in this proxy statement/prospectus. All amounts reflected below are in U.S. dollars. The following summary historical financial information should be read together with the financial statements and accompanying notes and “ Kyivstar Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this proxy statement/prospectus. The summary historical financial information in this section is not intended to replace VEON Holdings B.V.’s financial statements and the related notes. Kyivstar Group’s historical results are not indicative of the combined company’s future results. As explained elsewhere in this proxy statement/prospectus, the financial information contained in this section relates to Kyivstar Group, prior to and without giving pro forma effect to the impact of the Business Combination and, as a result, the results reflected in this section may not be indicative of the results of the combined entity following the Business Combination. See the sections entitled “ Summary to the Proxy Statement / Prospectus — Parties to the Business Combination — JSC Kyivstar” and “ Unaudited Pro Forma Condensed Combined Financial Information” included elsewhere in this proxy statement/prospectus.

| USD in millions                               |     | Three months 
        ended 
    March 31, 
         2025 |   |     | Three months 
        ended 
    March 31, 
         2024 |   |     |   Year ended 
 December 31, 
         2024 |   |     |   Year ended 
 December 31, 
         2023 |   |
|:----------------------------------------------|:----