Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 348

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 348
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.982 |     | 42.208 |
| Average for 2024  |     | 40.159 |     | 43.459 |
| December 31, 2024 |     | 42.039 |     | 43.926 |

Foreign currency sensitivity

The following table demonstrates the sensitivity to a possible change in exchange rates against the U.S. dollar with all other variables held constant. Additional sensitivity changes to the indicated currencies are expected to be approximately proportionate. The table shows the effect on the Company’s profit before tax (due to changes in the value of monetary assets and liabilities, including foreign currency derivatives).

| 2024                            |     |  Increase/ 
 (decrease) 
       in % |   |     |  Increase/ 
 (decrease) 
  of profit 
 before tax |   |     |  Increase/ 
 (decrease) 
     of net 
 investment |   |
| Change in USD exchange rate     |     |     +10.00 | % |     |         34 |   |     |         28 |   |
| Change in the EUR exchange rate |     |     +10.00 | % |     |         11 |   |     |          9 |   |
| Change in USD exchange rate     |     |      -1.00 | % |     |         (3 | ) |     |         (3 | ) |
| Change in the EUR exchange rate |     |      -1.00 | % |     |         (1 | ) |     |         (1 | ) |

F-81

VEON Holdings B.V.
GENERAL INFORMATION ABOUT THE GROUP 16FINANCIAL RISK MANAGEMENT (cont.)

| 2023                            |     |  Increase/ 
 (decrease) 
       in % |   |     |  Increase/ 
 (decrease) 
  of profit 
 before tax |   |     |  Increase/ 
 (decrease) 
     of net 
 investment |   |
| Change in USD exchange rate     |     |     +10.00 | % |     |         14 |   |     |         11 |   |
| Change in the EUR exchange rate |     |     +10.00 | % |     |          5 |   |     |          4 |   |
| Change in USD exchange rate     |     |      -1.00 | % |     |         (1 | ) |     |