SCHEDULE: VEON Entities Report 89.6% Stake in Kyivstar Group Ltd.

VEON Amsterdam B.V. and VEON Ltd. jointly filed a Schedule 13G, disclosing beneficial ownership of 89.6% of Kyivstar Group Ltd.'s common shares.

Summary

• VEON Amsterdam B.V. and VEON Ltd. have jointly filed a Schedule 13G with the SEC.
• The filing reports beneficial ownership of 206,942,440 common shares of Kyivstar Group Ltd.
• This ownership represents 89.6% of the total class of common shares of Kyivstar Group Ltd.
• Both reporting entities, VEON Amsterdam B.V. and VEON Ltd., share voting and dispositive power over these 206,942,440 shares.
• The event requiring this statement occurred on August 14, 2025.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of beneficial ownership, confirming a substantial 89.6% stake by VEON entities in Kyivstar Group Ltd. This indicates a stable, controlling interest, which is generally a neutral to slightly positive signal for corporate stability, but does not provide performance or strategic updates.

Positives

• The high ownership percentage (89.6%) by VEON entities indicates strong control and strategic alignment with Kyivstar Group Ltd., suggesting corporate stability.

Negatives

• No specific negative information is disclosed in this beneficial ownership report.

Risks

• No specific risks are mentioned in this beneficial ownership report.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership report.

Management Comments

• Kaan Terziolu, Director of VEON Amsterdam B.V., signed the Joint Filing Agreement.
• Maciej Wojtaszek, Director of VEON Amsterdam B.V., signed the Joint Filing Agreement.
• Vitaly Shmakov, Acting Group General Counsel of VEON Ltd., signed the Joint Filing Agreement.

Industry Context

This Schedule 13G filing indicates a significant, controlling stake held by VEON entities in Kyivstar Group Ltd. Such high ownership is common in corporate structures where a parent company maintains substantial control over its subsidiaries or strategic investments, ensuring alignment of operational and strategic objectives.

Stakeholder Impact

• Shareholders of Kyivstar Group Ltd. (if any public float exists) would note the dominant control by VEON entities.
• VEON shareholders would see confirmation of their company's significant stake in Kyivstar.

Key Dates

Keywords

Kyivstar Group Ltd., VEON, VEON Amsterdam B.V., VEON Ltd., Schedule 13G, Beneficial Ownership, Common Shares, Equity Stake, SEC Filing