Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 556

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 556
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 |   |     |            4 |   |     |   102 |   |
| Disposals                        |     |                (13 | ) |     |             — |   |     |            — |   |     |   (13 | ) |
| Depreciation charge for the year |     |                (49 | ) |     |            (2 | ) |     |           (1 | ) |     |   (52 | ) |
| Impairment reversal              |     |                  1 |   |     |             — |   |     |            — |   |     |     1 |   |
| Translation adjustment           |     |                 (7 | ) |     |             — |   |     |           (1 | ) |     |    (8 | ) |
| As of December 31, 2023          |     |                225 |   |     |             7 |   |     |            3 |   |     |   235 |   |

The amount of additions during 2024 included US$36 of lease term reassessment (2023: US$19). Right -of -useassets as of December 31, 2024 and 2023 are included within “Property and equipment”. Included in additions for the year ended December 31, 2024 is US$45 (2023: US$49) of passive infrastructure which the Company sold to an entity under common control and leased back.

F-70

VEON Holdings B.V. GENERAL INFORMATION ABOUT THE GROUP 10PROPERTY AND EQUIPMENT (cont.) The Group recognized lease liabilities as follows as of December 31:

|                                        |     | 2024 |     | 2023 |
| Short-term lease liabilities (Note 14) |     |   78 |     |   74 |
| Long-term lease liabilities (Note 14)  |     |  216 |     |  207 |
| Total lease liabilities                |     |  294 |     |  281 |

Interest expense in 2024 of US$53 (2023: US$50) is included within finance costs. Total cash outflows for leases during 2024 amounted to US$82 (2023: US$74). COMMITMENTS Capital commitments for the future purchase of equipment are as follows as of December 31:

|                   |     | 2024 |     | 2023 |
| Less than 1 year