3Q22 Results and Portfolio Strategy

UZBEKISTAN Third consecutive quarter of 20%+ topline YoY growth Beeline® VEON 3Q22 RESULTS YOY TRENDS SERVICE REVENUE AND YOY TRENDS 4G USERS AND PENETRATION MULTIPLAY CUSTOMERS (UZS Billion and %) (3 month active, million and %) Revenue share Share of monthly active users TOTAL REVENUE 664.7bn SERVICE REVENUE 664.4bn +22.5% 64% 57% +10.5% 50% -17.1% 44% 43% 33% 27% 664.4 UZS +22.4% UZS 542.2 490.8 +22.5% 25% 5.2 3.9 14% 2.9 3Q20 3Q21 3Q22 3Q20 3Q21 3Q22 3Q20 3Q21 3Q22 EBITDA CAPEX Third consecutive quarter of revenue YoY growth above 20% 302.8bn 179.8bn UZS +7.9% UZS +174.8% Adjusted for one-offs, revenue increased by 27.7% YoY, service revenue +27.9% YoY, and EBITDA was 17.1% higher YoY 4G users +34.7% YoY with 4G penetration reaching 64.0% Strong increase in mobile data usage +42.2% YoY supporting a 40.0% YoY rise in data revenue Portfolio of digital products and bundles support 36.9% YoY growth in multiplay customers For the fourth consecutive quarter Beeline Uzbekistan is market leader in terms of NPS 19

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