3Q22 Results and Portfolio Strategy

GROUP CONSOLIDATED AMBITION1 3-year forward 2022 - 2024 ambition REVENUE GROWTH 3YR CAGR in USD Low-mid single digit EBITDA GROWTH 3YR CAGR in USD Low-mid single digit VEON EBITDA MARGIN GROUP CAPEX INTENSITY Expected to remain flat <20% Revenue, EBITDA growth, EBITDA margin revised downward from previously communicated guidance² Digital operator customer offers roll-out Continue to execute on infra value crystallisation Unlock value of high-potential digital assets Financial and operational discipline 12 1. 2. Ambition levels based on current geographic footprint taking into account anticipated VimpelCom Disposal Ambition levels communicated per "Veon Growth Day - 7 December 2021" presentation materials 24

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