Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 302

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 302
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 were as follows:

| Name                             |     | Interest |   |     |  Number of 
     shares |
| VEON Holdings B.V. (Netherlands) |     |   99.995 | % |     | 13,094,562 |
| VEON Ltd. (Bermuda)              |     |    0.005 | % |     |        700 |
|                                  |     |  100.000 | % |     | 13,095,262 |

As of December 31, 2024, JSC Kyivstar had three subsidiaries — Helsi, Kyivstar.Tech and Lan Trace. Interest held by the Company in its principal subsidiaries as of December 31 is disclosed below:

|                     |     |     2024 |   |     |            |     |     2023 |   |     |            |
| Name                |     | Interest |   |     | Country of 
 operation  |     | Interest |   |     | Country of 
 operation  |
| LLC “Kyivstar.Tech” |     |  100.000 | % |     | Ukraine    |     |  100.000 | % |     | Ukraine    |
| LLC “Helsi Ukraine” |     |   69.990 | % |     | Ukraine    |     |   69.990 | % |     | Ukraine    |
| LLC “Lan Trace”     |     |  100.000 | % |     | Ukraine    |     |        — |   |     | —          |

In August 2022, JSC Kyivstar acquired a controlling share of Helsi Ukraine, an entity in the IT e -healthsector. Initial cash consideration paid for the 69.99% interest in Helsi Ukraine amounted to US$15. In September 2024, JSC Kyivstar entered into a share -purchaseagreement to acquire 100% of the equity interests of LLC “Lan Trace”, an entity who provides internet and TV services in the city of Boryspil and 17 other towns within the Kyiv region, Ukraine to expand its digital portfolio. The preliminary purchase price, which is subject to adjustment, was US$2. In the combined financial statements subsidiary undertakings — which are those companies in which the Group directly or indirectly, has an interest of more than half of the voting rights or otherwise has power to exercise control over the operations