Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 374

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 374
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     |          |   |
| Trade and employee related payables   |     |       (5 | ) |
| Other current liabilities             |     |       (3 | ) |
| Fair value of identifiable net assets |     |       54 |   |
| Goodwill resulting from acquisition   |     |      104 |   |
| Purchase consideration                |     |      158 |   |

The following table shows the details of purchase consideration at the acquisition date:

|                                        |     | April 2, 
     2025 |
|:---------------------------------------|:----|---------:|
| Cash paid *                            |     |      141 |
| Fair value of contingent consideration |     |       15 |
| Put option liability                   |     |        2 |
| Total consideration                    |     |      158 |

____________ * Total cash consideration consisted of US$129 for the acquisition of 97% of Uklon Group’s shares and a US$12 payment to settle employee awards. The following table shows the details of cash outflow during the six months ended June 30, 2025:

|                                            |     | June 30, 
     2025 |   |
|:-------------------------------------------|:----|---------:|:--|
| Cash consideration                         |     |      146 |   |
| Less: balances acquired                    |     |          |   |
| Cash and cash equivalents                  |     |      (12 | ) |
| Net outflow of cash – investing activities |     |      134 |   |

Contingent consideration of US$11 was recognized at the acquisition date at fair value with US$2 being paid subsequent to the reporting period. US$9 is payable upon fulfillment of certain conditions under the SPA. The possible outcomes range from US$nil to US$9, with management assessing full payment as highly probable. Employees bonuses contingent consideration liability related to the portion attributable to pre -acquisitionservice, recognized at the acquisition date at fair value, resulted from the replacement of share -basedpayment rewards with new bonuses liability that is payable upon fulfillment of certain conditions under the SPA. The possible outcomes range from US$nil to US$4, with management assessing full payment as highly probable.

F-105 VEON Holdings B.V.Notes to the interim condensed combined financial statements
(in millions of U.S. dollars unless otherwise stated) 4SIGNIFICANT TRANSACTIONS (cont.) As part of the agreement, Kyivstar entered into a symmetrical put