3Q22 Results and Portfolio Strategy

DISCLAIMER (1/2) This presentation has been prepared by VEON Ltd. ("VEON" and, together with its subsidiaries, the "Group") solely for informational purposes. VEON This presentation contains certain forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes", "estimates", "anticipates", "expects", "intends", "plans", "may" or "will" or, in each case, their negative or other variations or comparable terminology or by their context. These forward-looking statements include all matters that are not historical facts, and in particular those items indicated as targets, ambitions or expectations of future results. They appear in a number of places and include, but are not limited to, statements regarding the Group's intentions, beliefs or current expectations concerning, amongst other things, results of operations, financial condition, liquidity, prospects, growth and strategies. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. A multitude of factors including, but not limited to, changes in demand, activity in the financial markets, competition and technology or the regulatory environment, can cause actual events, performance or results to differ materially from any anticipated development. Forward-looking statements are not guarantees of future performance and the actual results of operations, financial condition and liquidity, and the development of the industry in which the Group operates, may differ materially from those made in or suggested by the forward-looking statements set out in this presentation. Past performance of the Group cannot be relied on as a guide to future performance. Forward-looking statements speak only as at the date of this presentation and the Group expressly disclaims any obligations or undertaking to release any update of, or revisions to, any forward-looking statements in this presentation. There can be no guarantee that any contemplated transactions or activities described in this presentation will occur on the terms described herein or at all. Nothing in this presentation should be considered to be a forecast of future profitability or financial position of the Group and none of the information in this presentation is or is intended to be a profit forecast, dividend forecast or profit estimate. This presentation includes interim financial information based on VEON's management's reporting and that reflects the management's estimates based on information available as of the date this presentation. The financial information presented herein is not a comprehensive statement of the Group's financial results for the periods presented. In addition, the interim financial information presented herein has not been externally audited, reviewed or verified. VEON's actual results for the periods after the end of the fiscal year ending December 31, 2021 may differ materially from the financial information included herein. In addition, any future ambition figures included in this presentation are based on VEON's current geographic footprint and asset profile. Therefore, you should not place undue reliance upon such financial information. 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The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or a solicitation of an offer to buy any securities. No representation or warranty, express or implied, is made or given, and no responsibility is accepted, by or on behalf of the Group or any of its shareholders, affiliates, directors, officers or employees or any other person as to the accuracy, adequacy, usefulness, completeness or fairness of the information or opinions contained in these materials or as to the reasonableness of any assumptions on which any of the information herein is based. This presentation is subject to change without notice, it may be incomplete or condensed and it may not contain all material information concerning the Group. The Group does not undertake any duty or obligation to update or revise this presentation or any forward-looking statement within it, whether as a result of new information, future events or otherwise. The Group shall have no liability to any party for the quality, accuracy, timeliness, continued availability, or completeness of any information contained in this presentation. Developments with respect to applicable sanctions and export control laws and regulations following the date of this presentation could materially impact the transactions presented herein. 2

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