Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 468

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 468
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 Kyivstar TV, offered on IPTV platforms as well as mobile, self -careapplication MyKyivstar and consumer cloud offerings as well as B2B services. As of December 31, 2023 JSC Kyivstar’s direct shareholders and their respective declared interests were as follows:

|                                  |     |     2023 |   |     |            |
| Name                             |     | Interest |   |     |  Number of 
     shares |
| VEON Holdings B.V. (Netherlands) |     |   99.995 | % |     | 13,094,562 |
| VEON Ltd. (Bermuda)              |     |    0.005 | % |     |        700 |
|                                  |     |  100.000 | % |     | 13,095,262 |

As of December 31, 2023, JSC Kyivstar had two subsidiaries — Helsi and Kyivstar.Tech. Interest held by JSC Kyivstar in its principal subsidiaries as of December 31 is disclosed below:

|                     |     |          2023 |   |     |            |
| Name                |     | Interest held |   |     | Country of 
 operation  |
| LLC “Kyivstar.Tech” |     |       100.000 | % |     | Ukraine    |
| LLC “Helsi Ukraine” |     |        69.990 | % |     | Ukraine    |

In August 2022, JSC Kyivstar acquired a controlling share of Helsi Ukraine, an entity in the IT e -healthsector. Initial cash consideration paid for 69.99% share in Helsi Ukraine amounted to US$15. In the combined financial statements subsidiary undertakings — which are those companies in which the Group directly or indirectly, has an interest of more than half of the voting rights or otherwise has power to exercise control over the operations — have been fully consolidated. The functional currency of Kyivstar is Ukrainian Hryvnia (“ UAH”), the currency of the primary economic environment in which Kyivstar operates. The combined financial statements are presented in United States dollars ( “U.S. dollar”or “US$”). In these Notes, U.S. dollar amounts are presented in millions, except for share amounts and as otherwise indicated. Due to the ongoing war between Russia and Ukraine, material uncertainties have been identified that may raise substantial doubt on the Company