Veon acquisitions, on the record

Word for word“Under the agreement, as amended and restated on September 13 2023, (the “Sale and Purchase Agreement”) we received consideration equal to RUB 130 billion (approximately US$1,294 million equivalent).” 20-F for 2023

Word for word“In July 2021, VEON exercised its put option to sell the entirety of its 45.57% stake in its Algerian subsidiary, Omnium Telecom Algérie SpA, which owns Algerian mobile network operator, Djezzy, to the Algerian National Investment Fund, Fonds National d’Investissement (FNI), which sale was completed on August 5, 2022 for a sale price of US$682 million.” 20-F for 2023

Word for word“In March 2021, the group successfully completed its acquisition of the 15% minority stake in Pakistan Mobile Communication Limited (“PMCL”), its Pakistan operating business, from the Dhabi Group for US$273 million.” 20-F for 2023

Word for word“The closing of the transaction was subject to regulatory approval which was received on December 21, 2023.” 20-F for 2023

Word for word“On March 26, 2024, VEON announced that it signed a share purchase agreement ("SPA") for the sale of its 50.1% indirect stake in Beeline Kyrgyzstan to CG Cell Technologies, which is wholly owned by CG Corp Global for cash consideration of US$32 million.” 20-F for 2023

Word for word“On May 28, 2024, VEON announced that it signed share purchase agreement ("SPA") for the sale of its 49% in Kazakh wholesale telecommunications infrastructure services provider, TNS Plus LLP (TNS+), included within the Kazakhstan operating segment, to its joint venture partner, the DAR group of companies for total consideration (including deferred consideration) of US$137.5 million.” 20-F for 2023

Word for word“The sale of our Georgia operating company was completed on June 8, 2022 (see Note 9—Significant Transactions of our Audited Consolidated Financial Statements ).” 20-F for 2023

Word for word“For example, in August 2022, our subsidiary Kyivstar acquired a controlling stake in Helsi Ukraine, one of the country’s largest medical information systems and leading digital healthcare providers, which Kyivstar continued to develop further in 2023 as part of the “Digital Ukraine” strategy.” 20-F for 2023

Word for word“On May 28, 2024, VEON announced that it signed a share purchase agreement ("SPA") for the sale of its 49% stake in Kazakh wholesale telecommunications infrastructure services provider, TNS Plus LLP ("TNS+"), included within the Kazakhstan operating segment, to its joint venture partner the DAR group of companies for total deferred consideration of US$138 million.” 20-F for 2024

Word for word“On March 26, 2024, VEON announced that it signed a share purchase agreement ("Kyrgyzstan SPA") for the sale of its 50.1% indirect stake in Beeline Kyrgyzstan to CG Cell Technologies for cash consideration of US$32.” 20-F for 2024

Word for word“Upon closing of the deal, Kyivstar will acquire 97% of Uklon shares for a total consideration of US$155 million.” 20-F for 2024

Word for word“On December 31, 2023, VEON's wholly owned subsidiary, Banglalink completed a partial sale of its tower portfolio to Summit Towers Limited ("Summit") following the receipt of all necessary regulatory approvals.” 20-F for 2024

Word for word“In line with our asset-light strategy, in November 2023, Banglalink sold 2,012 sites to Summit Towers Limited ("Summit").” 20-F for 2024

Word for word“Initially announced in December 2023, the expected merger between Ufone and Telenor is currently awaiting regulatory approval.” 20-F for 2024

Word for word“On October 21, 2025 VEON and OLX Group announced that Beeline Kazakhstan, has agreed to acquire 100% of the Kazakh online classifieds business i.e. OLX Kazakhstan (“ OLX KZ ”), from OLX Group for a total consideration of US$75 million.” 20-F for 2025

Word for word“On February 10, 2026, VEON announced its wholly owned subsidiary KGL, has signed a definitive agreement and completed the acquisition of 100% of Tabletki.ua for US$160 million, payable in Ukrainian hryvna in Ukraine.” 20-F for 2025

Word for word“The approximate gross revenue for these services in 2024 was US$ 454.96 and not more than approximately US$ 500 in 2025 before the completion of the sale of the Kyrgyzstan subsidiary on August 12, 2025.” 20-F for 2025

Word for word“Additionally, in 2024, we sold our 49% stake in Kazakh wholesale telecommunications infrastructure services provider, TNS Plus LLP ("T NS+ ") on September 30, 2024, included within the Kazakhstan operating segment, and as such, their results are excluded from our results of operations for the three months ended December 31, 2024.” 20-F for 2025