3Q22 Results and Portfolio Strategy

KAZAKHSTAN Sixth consecutive quarter of revenue YoY growth above 20% Beeline® VEON 3Q22 RESULTS YOY TRENDS SERVICE REVENUE AND YOY TRENDS 4G USERS AND PENETRATION MULTIPLAY CUSTOMERS (KZT Billion and %) (3 month active, million and %) Revenue share 78.7bn TOTAL REVENUE SERVICE REVENUE 75.9bn +23.2% 69% Share of monthly active users 62% +23.2% 50% 49% +13.0% 38% 34% 75.9 KZT KZT 24% 25% 61.6 7.2 50.0 6.1 4.8 15% +23.1% +23.2% 3Q20 3Q21 3Q22 3Q20 3Q21 3Q22 3Q20 3Q21 3Q22 EBITDA CAPEX 40.2bn 18.5bn KZT +9.2% KZT +82.2% Beeline Kazakhstan gaining market share and maintaining leadership position in NPS Top line supported by growing data users (+11.9%) with higher consumption (+18.8%) Adjusting for one-off in 3Q21, Beeline Kazakhstan's EBITDA grew by 17.8% YoY Beeline Kazakhstan connected 334 remote and rural settlements to 4G network during 3Q22, reaching 69% 4G penetration in the customer base (+7.0p.p. YoY) Multiplay customers increase 43.5% YoY driven by strong growth in digital services My Beeline +40.0% (3.5 million MAU), BeeTV +42.7% (634,000 MAU), Simply (159,000 MAU) 17

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