Kyivstar Group (KYIV) investor relations material

Company overview and business model

• Operates telecommunications, infrastructure, and digital businesses in Ukraine and Uzbekistan, serving over 21.8 million mobile customers and 1.3 million home internet customers as of June 30, 2026.

• Leading provider of mobile communications and broadband in Ukraine, with services including 4G, cloud, cybersecurity, digital TV, and digital health.

• Revenue for 2025 was $1,157 million, with 89% from telecom/infrastructure and 11% from digital services.

• Part of the VEON group, which indirectly owns 83.6% of the company.

• Listed on Nasdaq under the symbols “KYIV” (shares) and “KYIVW” (warrants).

Financial performance and metrics

• Cash and cash equivalents as of December 31, 2025: $455 million.

• Total capitalization as of December 31, 2025: $1,815 million.

• Net tangible book value as of December 31, 2025: $808 million ($3.50 per share).

• Adjusted net tangible book value after full warrant exercise: $896.2 million ($3.76 per share).

• Immediate dilution to new investors upon warrant exercise: $7.74 per share.

Use of proceeds and capital allocation

• Will not receive proceeds from resale of shares by selling securityholders.

• May receive up to $88.2 million from full cash exercise of warrants at $11.50 per share.

• Proceeds from warrant exercises, if any, will be used for general corporate purposes.