Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 553

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 553
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 |              — |     |               4 |     |         — |   |     |     4 |
| Current                 |     |              5 |     |               — |     |         1 |   |     |     6 |

| As of January 1, 2023   |     | Non-income tax 
     provisions 
              2 |     | Decommissioning 
       provision 
               3 |     |     Legal 
 provision 
         2 |     | Total 
     7 |
|:------------------------|:----|---------------:|:----|----------------:|:----|----------:|:----|------:|
| Arising during the year |     |              1 |     |               — |     |         — |     |     1 |
| As of December 31, 2023 |     |              3 |     |               3 |     |         2 |     |     8 |
| Non-current             |     |              — |     |               3 |     |         — |     |     3 |
| Current                 |     |              3 |     |               — |     |         2 |     |     5 |

The timing of payments in respect of provisions is, with some exceptions, not contractually fixed and cannot be estimated with certainty. In addition, with respect to legal proceedings, given inherent uncertainties, the ultimate outcome may differ from VEON Group’s current expectations. See “Source of estimation uncertainty” below in this Note 7 for further details regarding assumptions and sources of uncertainty. For further details regarding risks associated with income tax and non -incometax positions, please refer to “Source of estimation uncertainty” in Note 8. The Group has recognized a provision for decommissioning obligations associated with future dismantling of its towers in Ukraine.

F-62

VEON Holdings B.V. GENERAL INFORMATION ABOUT THE GROUP 7PROVISIONS AND CONTINGENT LIABILITIES (cont.) CONTINGENT LIABILITIES There were no contingent liabilities as of December 31, 2024 and 2023. Any capital commitments are described inNote 10. Other contingencies and uncertainties There were no other contingencies and uncertainties as of December 31, 2024 and 2023. ACCOUNTING POLICIES Provisions are recognized when the Group has a present obligation (legal or constructive), as a result of a past event, it is probable that an outflow