Company: KYIV
Filing Date: 2025-07-17
Form Type: F-4/A
Source: 0001213900-25-064873
Chunk: 265

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-17
Form: F-4/A
Chunk 265
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 |     |             |     |                   2 |      |     | G3            |     |        |             |     |                   2 |      |     | G3            |     |        |   |     |                   2 |   |     | G3            |     |        |   |
|                                                            |     |           |      |     |                    |   |     |             |     |                   2 |      |     | A1            |     |        |             |     |                   2 |      |     | A1            |     |        |   |     |                   2 |   |     | A1            |     |        |   |
|                                                            |     |           |      |     |                    |   |     |             |     |                  (2 | )    |     | A1            |     |        |             |     |                  (2 | )    |     | A1            |     |        |   |     |                  (2 | ) |     | A1            |     |        |   |
|                                                            |     |         — |      |     |                  — |   |     | —           |     |                  (2 | )    |     | CC1           |     |        |             |     |                  (2 | )    |     | CC1           |     |        |   |     |                  (2 | ) |     | CC1           |     |        |   |
| Total equity                                               |     |     1,141 |      |     |                (25 | ) |     | —           |     |                  34 |      |     |               |     |  1,150 |             |     |                  34 |      |     |               |     |  1,150 |   |     |                  34 |   |     |               |     |  1,150 |   |

118

Pro Forma Condensed Combined Statement of Financial Position as of March 31, 2025 (Unaudited) — (Continued)

| USD in millions*              |     |      VEON 
  Holdings 
        BV 
 (Kyivstar 
 business) 
    (IFRS) |      |       Cohen Circle 
         Historical 
        (after IFRS 
        adjustments 
      and alignment 
 reclassifications) 
             (IFRS) |           | Kyivstar   
 Group Ltd. 
 (