Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 140

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 140
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                — |     |            — |     |   4 |
| Lease liabilities                              |     |              339 |     |          294 |     | 281 |
| Other financial liabilities                    |     |               30 |     |            — |     |   — |
| Total at amortized cost                        |     |              410 |     |          885 |     | 887 |
| Total debt and derivatives                     |     |              413 |     |          894 |     | 898 |
| Non-current                                    |     |              265 |     |          225 |     | 815 |
| Current                                        |     |              148 |     |          669 |     |  83 |

Our derivative instruments at discounted redemption amount relate to our Helsi put option, which amounted to $11 million for the year ended December 31, 2023, $9 million for the year ended December 31, 2024 and $1million for the six months ended June30, 2025 and our Uklon put option, which amounted to $2million for the six months ended June30, 2025. As of June30, 2025, we held symmetrical call and put options issued under an option agreement with non -controllingshareholders of Uklon dated April2, 2025 and Helsi dated May7, 2025. These options grant their holders the right to demand the sale/purchase of 3% and 2.01% of shares held by the non -controllingshareholders of Uklon and Helsi, respectively, for variable consideration in the future. As of December31, 2024, we held symmetrical call and put options issued under an option agreement with non -controllingshareholders of Helsi Ukraine dated August9, 2022. These options granted their holders the right to demand the sale/purchase of 30.01% of shares held by the non -controllingshareholders for variable consideration in the future. In May 2025, Kyivstar and LLC “UKRAINIAN INVESTMENT PLATFORM”, representing 26.9% ownership together with other minority stakeholders representing 1.1% ownership in Helsi, negotiated an agreement to buy out the ownership stake of these parties for US$11. Simultaneously the parties also terminated the existing put and call option agreements to the extent representing the stake of these parties,