Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 10

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 10
---
 |            6,465,000 |     |    66,912,000 |     |            6,465,000 |     |    66,912,750 |

____________ (1)Represents the number of Kyivstar Group Ltd. Common Shares issuable upon exercise of Kyivstar Group Ltd. Warrants converted from the Cohen Circle Public Warrants. The Kyivstar Group Ltd. Warrants to be received by the holders of the Cohen Circle Public Warrants have zero initial cash value, as such Kyivstar Group Ltd. Warrants are expected to be out of the money on the Closing Date. (2)Includes 1,437,500 Vesting Securities that are subject to vesting conditions that will not have vested as of the Closing Date. For illustrative purposes, the cash value of all shares to be owned by the Sponsors, including the Vesting Securities, is reflected in the table. The Vesting Securities are subject to forfeiture if the applicable vesting conditions are not satisfied.

More information about Kyivstar, Cohen Circle, VEON, the Business Combination Agreement and the Business Combination is contained in the accompanying proxy statement / prospectus. You should read the accompanying proxy statement / prospectus, including the financial statements and annexes and other documents referred to therein, carefully and in their entirety. IN PARTICULAR, YOU SHOULD CAREFULLY CONSIDER THE MATTERS DISCUSSED UNDER THE SECTION ENTITLED “RISK FACTORS” BEGINNING ON PAGE 20 OF THE ACCOMPANYING PROXY STATEMENT / PROSPECTUS. If you have any questions regarding the accompanying proxy statement/prospectus, you may contact, Cohen Circle’s proxy solicitor, toll -freeator collect ator email at. On behalf of our board of directors, I thank you for your support and look forward to the successful consummation of the Business Combination.

|        |     | Sincerely,     |
|        |     | Betsy Z. Cohen |
| , 2025 |     | Chairman       |

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THE ACCOMPANYING PROXY STATEMENT/PROSPECTUS, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISC