Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 42

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 42
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 price) times 218,554,070shares, or $2,185,540,700. The following table illustrates the valuation at the offering price of the securities in the initial registered offering price of $10.00 per share for each redemption scenario:

| USD                                                                                     
 Cohen Circle’s net tangible book value as of March 31, 2025                             
 Class A and B ordinary shares issued and outstanding as of March 31, 2025               |     | Scenario 1  
 Assuming No 
 Redemptions | (11,111,740 
   8,620,000 | ) |     | Scenario 2   
 Assuming 50% 
 Redemptions  | (11,111,740 
   8,620,000 | ) |     | Scenario 3  
 Assuming    
 Maximum     
 Redemptions | (11,111,740 
   8,620,000 | ) |
|:----------------------------------------------------------------------------------------|:----|:------------|------------:|:--|:----|:-------------|------------:|:--|:----|:------------|------------:|:--|
| Cohen Circle’s net tangible book value per share, as of March 31, 2025                  |     | $           |       (1.29 | ) |     | $            |       (1.29 | ) |     | $           |       (1.29 | ) |
| As adjusted net tangible book value per share                                           |     | $           |        7.45 |   |     | $            |        5.66 |   |     | $           |        2.99 |   |
| Change in net tangible book value per share attributable to Cohen Circle’s shareholders |     | $           |        8.74 |   |     | $            |        6.95 |   |     | $           |        4.28 |   |

| USD                                                                                                                                   |     | Scenario 1  
 Assuming No 
 Redemptions |               |     | Scenario 2   
 Assuming 50% 
 Redemptions  |               |     | Scenario 3  
 Assuming    
 Maximum     
 Redemptions |               |
|:--------------------------------------------------------------------------------------------------------------------------------------|:----|:------------|--------------:|:----|:-------------|--------------:|:----|:------------|--------------:|
| Cohen Circle shares valuation based on offering price of the securities in the initial registered offering of $10.00 per share        |     | $           |