Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 559

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 559
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 in foreign exchange rates relates primarily to the Group’s operating activities (when the Group’s trade receivables and trade payables are denominated in foreign currencies) and financing activities (when interest -bearingborrowings are denominated in foreign currencies). The exchange rates for foreign currencies, in which the Group’s financial assets and liabilities were denominated, against Ukrainian Hryvnia, as declared by the National Bank of Ukraine as of the dates and periods stated, are as follows:

| January 01, 2023  
 Average for 2023  |     |    USD 
 36.569 
 36.594 |     |    EUR 
 38.951 
 39.363 |
|:------------------|:----|-------:|:----|-------:|
| December 31, 2023 |     | 37.982 |     | 42.208 |
| Average for 2024  |     | 40.159 |     | 43.459 |
| December 31, 2024 |     | 42.039 |     | 43.926 |

Foreign currency sensitivity The following table demonstrates the sensitivity to a possible change in exchange rates against the U.S. dollar with all other variables held constant. Additional sensitivity changes to the indicated currencies are expected to be approximately proportionate. The table shows the effect on the Company’s profit before tax (due to changes in the value of monetary assets and liabilities, including foreign currency derivatives). The Company’s exposure to foreign currency changes for all other currencies is not material.

| 2024                            |     |  Increase/ 
 (decrease) 
       in % |   |     |  Increase/ 
 (decrease) 
  of profit 
 before tax |   |     |  Increase/ 
 (decrease) 
     of net 
 investment |   |
| Change in USD exchange rate     |     |     +10.00 | % |     |         34 |   |     |         28 |   |
| Change in the EUR exchange rate |     |     +10.00 | % |     |         11 |   |     |          9 |   |
| Change in USD exchange rate     |     |      -1.00 | % |     |         (3 | ) |     |         (3 | ) |
| Change in the EUR exchange rate |     |      -1.00 | % |     |         (1 | ) |     |         (1