3Q22 Results and Portfolio Strategy

PORTFOLIO FUTURE PERFORMANCE AMBITION 3-year forward 2022 - 2024 ambition Focus • Russia Complete VimpelCom Disposal in compliance with applicable sanctions laws and regulations * Ukraine KYIVSTAR . Ensuring service continuity Jazz Pakistan • Growing 4G penetration and digital services Kazakhstan • Beeline Execution of digital operator strategy W Bangladesh banglalink • Continuing to gain market share Beeline® Uzbekistan • Expanding user base and high topline growth Dividend Potential Expected proceeds of RUB 130bn • No dividends anticipated • Medium-high expected probability • ⚫ Medium-high expected probability • Low expected probability • Medium-high expected probability Kyrgyzstan • Maintaining position as leading telecoms provider in the area • Low expected probability Beeline® VEON 25 25

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