Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 257

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 257
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| Basic net income per ordinary share, Class A ordinary shares   |     |              |     |             |     |      |     |              |
| Weighted average shares outstanding of Class A ordinary shares |     |              |     |             |     |      |     |              |
| Diluted net income per ordinary share, Class A ordinary shares |     |              |     |             |     |      |     |              |
| Weighted average shares outstanding of Class B ordinary shares |     |              |     |             |     |      |     |              |
| Basic net income per ordinary share, Class B ordinary shares   |     |              |     |             |     |      |     |              |
| Weighted average shares outstanding of Class B ordinary shares |     |              |     |             |     |      |     |              |
| Diluted net income per ordinary share, Class B ordinary shares |     |              |     |             |     |      |     |              |

The following conversion adjustments and presentation alignment as of December 31, 2024, to present Cohen Circle’s figures in accordance with IFRS as applied by VEON Holdings: a.To convert Cohen Circle’s financial statements from U.S. GAAP to IFRS for purposes of the unaudited pro forma condensed combined financial information, an adjustment is recorded to reclassify Cohen Circle Class A Ordinary Shares subject to possible redemption to non -currentfinancial liabilities in accordance with International Accounting Standards 32 Financial Instruments: Disclosure and Presentation (“IAS 32”), as Cohen Circle shareholders have the right to require Cohen Circle to redeem the Cohen Circle Class A Ordinary Shares and Cohen Circle has an irrevocable obligation to deliver cash or another financial instrument for such redemption. b.To convert Cohen Circle’s financial statements from U.S. GAAP to IFRS for purposes of the unaudited pro forma condensed combined financial information, an adjustment is recorded to reclassify Cohen Circle Public Warrants to non -currentfinancial liabilities in accordance with IAS 32 and IFRS 9 Financial Instruments (“IFRS 9”). These warrants will be recorded in non -currentfinancial liabilities at fair value based on the market price of Cohen Circle’s Public Warrants .This adjustment will impact both Cohen Circle’s statement of financial position and Cohen Circle’s income statement. c.The conversion of Cohen Circle’s financial statements from US GAAP to IFRS will ensure an alignment of presentation with VEON Holdings’ combined financial statements.

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