Company: KYIV
Filing Date: 2025-06-06
Form Type: 425
Source: 0001213900-25-051743
Chunk: 8

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-06
Form: 425
Chunk 8
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, 2929 Arch Street, Suite 1703, Philadelphia, PA 19104.

Participants in the Solicitation

Cohen Circle, Kyivstar Group, certain shareholders of Cohen Circle, VEON and certain of Cohen Circle’s, Kyivstar Group’s and VEON’s respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies of the shareholders of Cohen Circle with respect to the Business Combination. A list of the names of such persons and information regarding their interests in the Business Combination is set forth in the Registration Statement. Free copies of these documents may be obtained from the sources indicated above.

Contact Information

Kyivstar Group

Media and Investor Contact:
Kyivstar@icrinc.com

VEON

Hande Asik

Group Director of Communications

pr@veon.com

<div align='center'>3</div>

Exhibit 99.2

<div align='center'>Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunction with its Nasdaq Listing Process</div>

| · | Total operating revenue reaches USD 255 million or UAH 10.6 billion, up 37.1% year-on-year in USD and 
 49.6% in local currency terms                                                                         |

| · | Profit for the period amounts to USD 44 million, up 22.2% year-on-year in USD and 33.7% in local currency terms, with a profit 
 margin of 17.3%                                                                                                                |

| · | Adjusted EBITDA1 reaches USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency terms, with an adjusted 
 EBITDA margin1 of 54.9%                                                                                                    |

| · | Completes acquisition of Uklon, Ukraine’s leading ride-hailing business, and increases stake 
 in Ukraine’s leading digital health platform Helsi, subsequent to quarter-end                |

KYIV, Ukraine, June 5, 2025 – Kyivstar
Group, Ukraine’s leading digital operator (“Kyivstar Group” or “the Company”) and a subsidiary of VEON Ltd.
(Nasdaq: VEON) (“VEON Group” or “VEON”), today announced its unaudited financial and operating results for the
first quarter ended March 31, 2025.

|                         |     | 1Q25         |     |