Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 344

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 344
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| Lease additions, disposals, impairment and modifications |     |          — |   |     |         — |   |     |         106 |   |     |          — |   |     |   106 |   |
| Foreign currency translation                             |     |        (30 | ) |     |         — |   |     |          (8 | ) |     |          — |   |     |   (38 | ) |
| Other non-cash movements                                 |     |          — |   |     |         1 |   |     |         (17 | ) |     |         (2 | ) |     |   (18 | ) |
| Balance as of December 31, 2023                          |     |        602 |   |     |         4 |   |     |         281 |   |     |         11 |   |     |   898 |   |

F-78 VEON Holdings B.V.
GENERAL INFORMATION ABOUT THE GROUP 14INVESTMENTS, DEBT AND DERIVATIVES (cont.) FINANCING ACTIVITIES 2024 There were no significant financing activities for 2024. FINANCING ACTIVITIES 2023 In 2023, Kyivstar fully prepaid all of its remaining external debt which included a US$ 38(UAH 1,400million) loan with Raiffeisen Bank and US$ 21(UAH 760million) loan with OTP Bank. In addition, the Company paid interest for 2025 Notes amounting to US$ 26. FAIR VALUES As of December 31, 2024, the carrying amounts of all financial assets and liabilities are equal to or approximate their respective fair values as shown in the table at the beginning of this Note, with the exception: •Bonds for which fair value is equal to US$ 558(2023: US$ 533); •Lease liabilities for which fair value has not been determined; and •Put option liabilities for which the values are determined based on present redemption value Fair values are estimated based on quoted market prices for our bonds, derived from market prices or by discounting contractual cash flows at the rate applicable for the instruments with similar maturity and risk profile. Observable inputs (Level 2) used in valuation techniques include interbank interest rates, bond yields, swap curves, basis swap spreads, foreign exchange rates and credit default spreads. On a quarterly basis, the Company reviews if there are any indicators for