Company: KYIV
Filing Date: 2025-09-05
Form Type: F-1
Source: 0001213900-25-085122
Chunk: 86

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-05
Form: F-1
Chunk 86
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 Kyivstar Group Ltd. Board may consider relevant. Our payment of dividends is also subject to prohibitions, restrictions and currency controls. For example, restrictions applicable in Ukraine to all foreign -ownedcompanies have limited our upstreaming of dividends, which include local banking and capital restrictions and legal restrictions on making certain payments abroad, such as investments, interest and principal payments on loans or financing of any affiliate companies or representative offices offshore. See “— Risks Related to the Business and Industry of Kyivstar — Risks Related to our Liquidity and Capital — Our indebtedness and debt service obligations could decrease our cash flow, which could adversely affect our business and financial condition.” Because we do not expect to pay any dividends on our Common Shares for the foreseeable future, your ability to achieve a return on your investment will depend on the appreciation in the price of our Common Shares. You should not rely on an investment in our Common Shares to provide dividend income. We do not anticipate paying any cash dividends to our shareholders in the foreseeable future. Our ability to pay cash dividends is subject to various factors and is currently limited by restrictions applicable in Ukraine to all foreign -ownedcompanies. See “— Various factors may limit our ability to the declare and pay dividends.” There can be no assurances of when or if these restrictions, or any applicable sanctions laws, will end, if at all. Accordingly, you must rely on sales of your Common Shares after price appreciation, which may never occur, as the only way to realize any return on your investment. The market price of our Common Shares may be volatile or may decline regardless of our operating performance. You may lose some or all of your investment. The trading price of our Common Shares may be volatile. The U.S. stock market recently has experienced high volatility, which often has been unrelated or disproportionate to the operating performance of particular companies. You may not be able to resell your Kyivstar Group Ltd. Common Shares at an attractive price due to a number of factors such as the following: •Our operating and financial performance and prospects; •Our quarterly or annual earnings, or those of other companies in its industry compared to market expectations; •International sanctions or trade restrictions imposed on us or our shareholders; •The ongoing war in Ukraine and general geopolitical instability in Ukraine; •Conditions that impact demand for our products and/or services; •Future announcements concerning our business, its customers’ businesses, or its competitors’ businesses; •The public’s reaction to our press releases or other public announcements and filings with the SEC; 41 •