Kyivstar Group Ltd. announced the pricing of a secondary public offering of 12.5 million common shares by VEON Amsterdam B.V. and certain other selling shareholders. The company itself is not selling any additional shares. In conjunction with the offering, the selling shareholders granted the underwriters a 30-day option to purchase up to 1.875 million additional shares, providing further liquidity and potential market stabilization should demand increase. Kyivstar and its principal shareholder VEON plan to invest USD 1 billion in Ukraine between 2023 and 2027. Funds will be allocated to social infrastructure projects, technological development initiatives, charitable contributions and strategic acquisitions. These investments aim to expand Kyivstar’s digital footprint—spanning mobile voice and data, fixed-line services, ride-hailing, e-health, digital TV and enterprise solutions such as big data, cloud and cybersecurity—while supporting broader economic growth in Ukraine. Morgan Stanley, Barclays, Cantor Fitzgerald & Co. and Rothschild & Co have been engaged as joint book-running managers and representatives of the underwriters, with Benchmark (a StoneX company) and Northland Capital Markets acting as co-managers. The offering is expected to close on February 2, 2026, subject to customary closing conditions. A registration statement on Form F-1, including the related prospectus, was declared effective by the SEC on January 29, 2026.