Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 423

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 423
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 September 30, 2025 and 2024.

F-151

Kyivstar Group Ltd. Notes to the interim condensed consolidated financial statements (in millions of U.S. dollars unless otherwise stated)

10 ISSUED CAPITAL AND RESERVES

The Company’s issued share capital comprised of the following:

|                                                               |     | September 30, 
          2025 |     | December 31, 
         2024 |
|:--------------------------------------------------------------|:----|--------------:|:----|-------------:|
| Authorized common shares (nominal value of US$0.01 per share) |     |   265,430,000 |     |            — |
| Issued shares                                                 |     |   230,863,524 |     |  206,942,440 |
| Weighted-average shares basic and diluted, recasted           |     |   211,075,863 |     |  206,942,440 |

Kyivstar Group Ltd. was incorporated on March 7, 2025 with an authorized share capital of US$, divided into common shares, with a nominal value of US$ (in dollars) each, all of which are designated as common shares. On June 13, 2025, the entire issued and unissued share capital of the Company was consolidated on a 10:1 basis into common shares of nominal value US$ (in dollars), with no change to the US$ authorized share capital. On July 8, 2025, Kyivstar Group Ltd. increased its authorized share capital to common shares of nominal value US$ (in dollars).

The issued shares presented as of December 31, 2024 have been retroactively recast to reflect the capital structure following the Capital Reorganization. For the nine and three-months ended September 30, 2025 the public warrants were excluded from the calculation of diluted earnings per share as the impact of including them was anti-dilutive.

Subject to our bye-laws and to any shareholders’ resolution to the contrary, and without prejudice to any special rights previously conferred on the holders of any existing shares or class of shares, for such time as we have authorized but unissued share capital the Kyivstar Group Ltd. Board has the power to issue Kyivstar Group Ltd. Common Shares on such terms and conditions as the Kyivstar Group Ltd. Board may determine. Any increase in our authorized share capital requires the approval of in excess of % of the shares voted (a “