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DIVIDENDS PAID AND PROPOSED

12 Months Ended

Dec. 31, 2024

Dividends Paid And Proposed

DIVIDENDS PAID AND PROPOSED

DIVIDENDS PAID AND PROPOSED

Pursuant to Bermuda law, VEON is restricted from declaring or paying a dividend if there are reasonable grounds for believing that

(a)VEON is, or would after the payment be, unable to pay its liabilities as they become due, or

(b)the realizable value of VEON assets would, as a result of the dividend, be less than the aggregate of VEON liabilities.

There were no dividends declared by VEON in respect of the years 2024, 2023 and 2022.

DIVIDENDS DECLARED TO NON-CONTROLLING INTERESTS

During 2024, 2023 and 2022, certain subsidiaries of the Company declared dividends, of which a portion was paid, payable to non-controlling interests as shown in the table below:

Name of subsidiary			2024			2023			2022
VIP Kazakhstan Holding AG *			61			30			—
VIP Kyrgyzstan Holding AG			5			—			—
TNS Plus LLP			17			15			11
Other			—			—			3
Total dividends declared to non-controlling interests			83			45			14

* The dividends declared were set-off against loan receivable from the non-controlling interests in 2024 and 2023.

X

- Definition

The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2024-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2024-03-27

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X

- References

No definition available.

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