Company: KYIV
Filing Date: 2025-06-24
Form Type: F-4/A
Source: 0001213900-25-057315
Chunk: 268

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-24
Form: F-4/A
Chunk 268
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| Excess of fair value of consideration over Cohen Circle’s net assets (IFRS 2 Charge for listing service) |     |           |       |     |                     |     | $     | 172 |   |     |                     |     | $     |  143 |   |     |                     |     | $     |  125 |   |

____________ *This balance is derived from all outstanding Cohen Circle Class A Ordinary Shares held by the Public Shareholders and 5,027,500 Founder Shares outstanding which will convert on a one -for-onebasis into Cohen Circle Class A Ordinary Shares at the time of Closing. G.Represents payment of preliminary estimated transaction costs of $36 million to be incurred as a part of the Business Combination. G.1Payment of deferred underwriters’ fees of $10 million. The unaudited pro forma condensed combined statement of financial position reflects these costs as a reduction of cash and cash equivalents of $10 million with a corresponding decrease of $10 million to deferred underwriting fee payable. G.2Payment of incremental expenses attributable to equity issuance costs related to the Business Combination incurred through the Business Combination Closing Date of $19 million. The unaudited pro forma condensed combined statement of financial position reflects these costs as a reduction of cash and cash equivalents of $19 million with a corresponding decrease of $19 million to issued capital.

128 G.3Payment of all other incremental expenses related to the Business Combination incurred through the Business Combination Closing Date of $7 million of which $2million of trade payables were already recorded within balance sheet. The unaudited pro forma condensed combined statement of financial position reflects these costs as a reduction of cash and cash equivalents of $7 million with a corresponding increase of $7 million to accumulated deficit. H.Represents the subsequent event of the repayment of VEON Holdings B.V. April 25 and June 25 bonds for a total of $578million. The adjustments presented are as follows: H1.To reflect the decrease in Loan receivable from VEON Amsterdam by $24million and elimination of accrued interest income related to the Loan receivable from VEON Amsterdam. See adjustments DD3 and EE3 for the adjustments to the income statement. H2.To reflect the increase in cash and cash equivalents by $20million in connection with the elimination of interest payments related to the April 2025 and June 2025 bonds. See adjustments DD2 and EE2 for the adjustments to the income statement. H3.To reflect the repayment of $