3Q22 Results and Portfolio Strategy

KEY RECENT DEVELOPMENTS Management continues to execute its strategic plan while navigating a complex sanctions environment VEON EARLY REPAYMENT OF VTB BANK LOAN • RUB20bn (USD 259m) bank loan with VTB Bank was repaid and cancelled 11 Mar 15 Mar RUSSIA SALE AGREEMENT Entered into agreement to sell Russian operations for total consideration of RUB 130bn GROUP LEVEL LOANS FROM SBERBANK AND ALFA BANK NOVATED TO PJSC VIMPELCOM • Two group-level loan agreements totalling RUB 90bn were novated to PJSC VimpelCom 13 Apr 21 Apr 08 Jun WITHDRAWAL OF FITCH RATING Fitch affirms VEON at B+ and subsequently withdraws rating 85 06 Jul COMPLETION OF SALE OF VEON GEORGIA Valued at USD 45m, the subsidiary was sold to VEON's former local partner WITHDRAWAL OF S&P RATING • S&P affirms VEON at CCC+ and subsequently withdraws rating 5 Aug 24 Nov COMPLETION OF DJEZZY SALE USD 682m received following completion of the sale of VEON'S 45.6% stake in Djezzy Algeria to the Algerian National Investment Fund CANCELLATION OF RCF COMMITMENT FROM ALFA BANK AND RAIFFEISEN BANK RUSSIA • USD 125m commitment from Alfa Bank and USD 70m commitment from Raiffeisen Bank Russia were cancelled due to new Russian regulatory requirements, reducing total RCF commitments from USD 1,250m to USD 1,055m 11 Jan AUDITOR APPOINTMENT . PwC appointed as the Dutch statutory financial statements auditors for FY22 10

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