3Q22 Results and Portfolio Strategy

4G GROWTH DRIVING DATA & DIGITAL REVENUES ((8) Note: 1. Growth in customer base 203.2mn subscribers +0.8% YOY Steady growth in 4G uptake 4G users and penetration (3 month active, million and %) 46.2% Mobile ARPU growth across all markets 34.1% +0.8% to +11.9% YoY in local currency 52.7% VEON Steady growth in data and digital revenues1 Data and digital revenues, YoY trends (USD million and % in local currency) +14.9% +18.2% +13.1% 107.1 827.9 93.0 748.5 633.8 65.4 3Q20 3Q21 3Q22 3Q20 3Q21 3Q22 Network expansion focused on speed and quality 104.5k 4G Sites +14.4% YoY +15.1% 4G users YoY growth +6.5p.p. 4G penetration YoY growth +14.9% Data and digital revenues YoY growth in local currency 3Q20, 3Q21 and 3Q22 data and digital revenues on this slide adjusted for Armenia, which was sold in October 2020, Georgia, which was sold in June 2022 and for corrections in Kazakhstan in 3Q22 Data and digital revenues include mobile data revenue, revenues from mobile financial services and mobile TV/video entertainment 11

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