3Q22 Results and Portfolio Strategy

UKRAINE Keeping Ukraine connected and rebuilding the country's infrastructure KYIVSTAR VEON 3Q22 RESULTS YOY TRENDS SERVICE REVENUE AND YOY TRENDS 4G USERS AND PENETRATION MULTIPLAY CUSTOMERS (UAH Billion and %) (3 month active, million and %) Revenue share Share of monthly active users TOTAL REVENUE 7.7bn SERVICE REVENUE 7.6bn 50% +5.1% +11.9% 44% 20% +11.5% 34% 18% 15% 12% 11% UAH +5.2% UAH 7.2 7.6 6.5 11.6 12.1 7% +5.1% 8.8 3Q20 3Q21 3Q22 3Q20 3Q21 3Q22 3Q20 3Q21 3Q22 EBITDA CAPEX 121 settlements reconnected to Kyivstar network in 3Q22 4.4bn 1.8bn UAH -10.7% UAH Since February, around 400 new 4G base stations built and some 6,000 4G base stations upgraded +52.5% Around 90% of Kyivstar network was operational at the end of 3Q22 Cooperation on network sharing continues UAH 279 million in charitable donations and employee support in 3Q22 47% YoY increase in electricity prices and 5% YoY indexation of radio frequency fees "Roam-like-home" offers extended to the end of 2022 14

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