3Q22 Results and Portfolio Strategy

GROUP SERVICE REVENUE GROWTH +7.1% YOY IN LOCAL CURRENCY VEON azz PAKISTAN Note: KAZAKHSTAN Beeline™ +11.3% Service revenue +23.2% Service revenue -6.8% EBITDA ll +9.2% EBITDA 00 KYIVSTAR UKRAINE +5.1% Service revenue -10.7% EBITDA UZBEKISTAN BANGLADESH Beeline™ banglalink +22.5% Service revenue +11.8% Service revenue All +7.9% EBITDA KYRGYZSTAN Beeline™ +15.8% Service revenue ll +11.9% EBITDA RUSSIA -2.1% EBITDA +2.2% Service revenue +7.3% EBITDA In some countries EBITDA was impacted by extraordinary non-recurring items in 3Q22 and in 3Q21 as noted on subsequent country performance slides 13

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