Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 274

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 274
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 proven track record as a long -termsuccess in the country’s critical infrastructure, we aim to capitalize on Ukraine’s resurgence. Additionally, as the only Ukrainian company to be listed in the U.S., we expect to provide a unique opportunity for investors to participate in the country’s recovery. 138 We and VEON announced our joint intention to invest $1 billion in Ukraine from 2023 to 2027, focusing on several key areas to drive growth and innovation. We believe this investment will enhance network development, resilience and technological leadership, while also advancing digitalization and the development of our existing business lines. A significant portion of this strategy includes the development of our core business throughout network development, resilience, technological leadership, digitalization and development of our existing business lines, as well as M&A, specifically by driving digital revenue and building out our digital ecosystem via strategic acquisitions. Additionally, we plan to actively participate in upcoming spectrum auctions (if any) with the aim of expanding our network capacity, enhancing service quality and securing the necessary frequencies to support future technological advancements. Through these strategic initiatives, we aim to position ourselves to capitalize on Ukraine’s recovery by expanding network capacity, enhancing connectivity and driving economic growth. We believe this approach will not only strengthen our financial performance but also reinforce our commitment to supporting national development and social progress. Recent Developments Acquisition of Uklon On March 19, 2025, we signed an agreement to acquire 97% shares in Uklon LTD (Cyprus) with Uklon UZ, as a wholly owned subsidiary, 96.99% participation interest in LLC Tech Uklon (UA) and LLC Uklon Corporate (UA) (collectively, “Uklon”). Uklon is a leading Ukrainian ride -hailingand delivery platform, which operates in 27 cities across Ukraine and unites more than 100,000 driver -partnerson the platform. Uklon has facilitated over 100 million rides and more than three million deliveries in 2024. In 2023, Uklon entered the deliveries business and expanded its operations into Uzbekistan. The total consideration for the acquisition of shares in Uklon is approximately $155.2 million, which will be paid in several tranches in Ukrainian hryvnia. As of the date of this proxy statement/prospectus, the agreement is subject to customary closing conditions and approvals. Dutch Statutory Demerger of VEON Holdings B.V. and Consent Solicitation under the 2027 Bonds In order