Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 39

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 39
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,500 |     |        2.2 | % |     |            5,027,500 |     |        2.2 | % |     |            5,027,500 |     |        2.4 | % |
| Holders of Cohen Circle Public Warrants(1) |     |            7,666,667 |     |        3.4 | % |     |            7,666,667 |     |        3.4 | % |     |            7,666,667 |     |        3.4 | % |
| Total                                      |     |          226,220,737 |     |        100 | % |     |          226,220,737 |     |        100 | % |     |          226,220,737 |     |        100 | % |

____________ (1)Such Kyivstar Group Ltd. Common Shares issuable in respect of 7,666,667 Cohen Circle Warrants. The above dilution table excludes the effects of the Business Combination itself, including the Forfeited Sponsor Shares; however, Public Shareholders who elect not to redeem their shares should anticipate further possible dilution at Closing of the Business Combination as a result of the issuance of 1,437,500 Vesting Securities to be issued to the Sponsors at Closing. In addition, the above dilution table does not take into account certain potential issuances pursuant to the long -termequity incentive plan to be implemented, which, pursuant to the terms of the Business Combination Agreement, the parties agreed shall equal at least 3.0% of the total outstanding common shares of Kyivstar Group Ltd. on a fully diluted basis. For a description of the risks regarding material potential sources of dilution to public stockholders in connection with the Business Combination, see the section entitled “ Ris k Facto r s — Cohe n Circle shareholders who do not redeem their Cohen Circle Public Shares will experience immediate and material dilution upon Closing of the Business Combination.” Dilution per share to the existing Cohen Circle’s shareholders

| USD                                                                                                |     | Scenario 1  
 Assuming No 
 Redemptions |             |     | Scenario 2   
 Assuming 50% 
 Redemptions  |             |     | Scenario 3  
 Assuming    
 Maximum     
 Redemptions |            |
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