Company: KYIV
Filing Date: 2025-07-10
Form Type: F-4/A
Source: 0001213900-25-062760
Chunk: 275

Company: Kyivstar Group Ltd.
Filing Date: 2025-07-10
Form: F-4/A
Chunk 275
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 |     |       |  (5 | ) |     |                     |     |       |   (5 | ) |     |                     |     |       |   (5 | ) |
| Cohen Circle proforma interests on Trust Account                                                         |     |           |       |     |                     |     |       |   2 |   |     |                     |     |       |    2 |   |     |                     |     |       |    2 |   |
| Net Assets Acquired                                                                                      |     |           |       |     |                     |     |       | 222 |   |     |                     |     |       |  103 |   |     |                     |     |       |   36 |   |
| Excess of fair value of consideration over Cohen Circle’s net assets (IFRS 2 Charge for listing service) |     |           |       |     |                     |     | $     | 102 |   |     |                     |     | $     |   97 |   |     |                     |     | $     |   94 |   |

____________ *This balance is derived from all outstanding Cohen Circle Class A Ordinary Shares held by the Public Shareholders and 4,426,162 Founder Shares outstanding which will convert on a one -for-onebasis into Cohen Circle Class A Ordinary Shares at the time of Closing. G.Represents payment of preliminary estimated transaction costs of $36 million to be incurred as a part of the Business Combination. G.1Payment of deferred underwriters’ fees of $10 million. The unaudited pro forma condensed combined statement of financial position reflects these costs as a reduction of cash and cash equivalents of $10 million with a corresponding decrease of $10 million to deferred underwriting fee payable. G.2Payment of incremental expenses attributable to equity issuance costs related to the Business Combination incurred through the Business Combination Closing Date of $19 million. The unaudited pro forma condensed combined statement of financial position reflects these costs as a reduction of cash and cash equivalents of $19 million with a corresponding decrease of $19 million to issued capital.

128 G.3Payment of all other incremental expenses related to the Business Combination incurred through the Business Combination Closing Date of $7 million of which $2million of trade payables were already recorded within balance sheet. The unaudited pro forma condensed combined statement of financial position reflects these costs as a reduction of cash and cash equivalents of $7 million with a corresponding increase of $7 million to accumulated deficit