Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 400

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 400
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, Evanston, Illinois 60201. (10)Based on a Schedule 13G filed on October 18, 2024 by Alberta Investment Management Corporation. The business address of the reporting person is 1600 — 10250 101 Street NW, Edmonton, Alberta T5J 3P4, Canada. The following table sets forth information regarding the expected beneficial ownership of Kyivstar Group Ltd. Common Shares (i) as of the date of this proxy statement/prospectus and (ii) immediately following the consummation of the Business Combination by: •each person who is expected to beneficially own 5.0% or more of the issued and outstanding Kyivstar Group Ltd. Common Shares; •each person who will be an executive officer or director of Kyivstar Group Ltd. following the consummation of the Business Combination; and •all of those executive officers and directors of Kyivstar Group Ltd. as a group. Beneficial ownership is determined in accordance with the rules of the SEC and includes voting or investment power with respect to, or the power to receive the economic benefit of ownership of, the securities. In computing the number of shares beneficially owned by a person and the percentage ownership of that person, shares that the person has the right to acquire within 60 days are included, including through the exercise of any option or other right or the conversion of any other security. However, these shares are not included in the computation of the percentage ownership of any other person. 227

The total number of Kyivstar Group Ltd. Common Shares expected to be issued and outstanding after the consummation of the Business Combination will be (i) assuming a no redemption scenario and that no Cohen Circle shareholder and no Kyivstar Group Ltd. shareholder exercises its dissenters’ rights,and (ii) assuming maximum redemption scenario,. If the actual facts differ from these assumptions, these amounts will differ.

|                                                          |     | Cohen Circle Ordinary Shares 
 Beneficially                 
 Owned as of the date of this 
 proxy statement/prospectus   |     |          |     |                             |     | Kyivstar Group Ltd. Common Shares 
 Beneficially Owned Immediately    
 After the Closing                 |     |        |     |        |     |        |     |        |     |        |
| No Redemption Scenario                                   |     |                              |     |          |     | Maximum Redemption Scenario |     |                                   |     |        |     |        |     |        |     |        |     |