Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 342

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 342
---
     | Ukraine    |     |        — |   |     | —          |
| LLC Uklon Corporate                          |     |    97.00 | % |     | Ukraine    |     |        — |   |     | —          |
| LLC Uklon Tech                               |     |    97.00 | % |     | Ukraine    |     |        — |   |     | —          |
| LLC Uklon Ltd                                |     |    97.00 | % |     | Cyprus     |     |        — |   |     | —          |
| Uklon LLC (100% subsidiary of LLC Uklon Ltd) |     |   100.00 | % |     | Uzbekistan |     |        — |   |     | —          |

In September 2024, JSC Kyivstar entered into a share -purchaseagreement to acquire 100% of the equity interests of LLC “Lan Trace”, an entity who provides internet and TV services in the city of Boryspil and 17 other towns within the Kyiv region, Ukraine to expand its digital portfolio. The preliminary purchase price, which is subject to adjustment, was US$2. On March 19, 2025 JSC Kyivstar signed a share purchase agreement (“ SPA”) to acquire Uklon, consisting of 97% of LLC Uklon Corporate, LLC Uklon Tech, and LLC Uklon Ltd. and its 100% subsidiary Uklon LLC, a leading Ukrainian ride -hailingand delivery platform for a purchase consideration of US$158. JSC Kyivstar also entered into a symmetrical put and call option agreement for the remaining 3% interest in Uklon, which may be exercised within three years of closing. The transaction closed on April 2, 2025. Refer to Note 4 for further details. In May 2025, Kyivstar further increased its ownership of Helsi Ukraine to 97.99% for US$11. Refer to “major developments during six -monthperiod ended June 30, 2025” for more details. JSC Kyivstar previously acquired a controlling share (69.99%) of Helsi Ukraine, an entity in the IT e -healthsector in August 2022 for US$15. In the interim condensed combined financial statements subsidiary undertakings — which are those companies in which the Group directly or indirectly, has an interest of