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GENERAL INFORMATION (Tables)
6 Months Ended
Jun. 30, 2026
General Information  
Schedule of interests in subsidiaries Interests held by Kyivstar Group
in its principal subsidiaries as of June 30:
2026
2025
Name
Interest
Country of operation
Interest
Country of operation
JSC Kyivstar
99.995%
Ukraine
99.995%
Ukraine
LLC Kyivstar.Tech
100.00%
Ukraine
100.00%
Ukraine
LLC Helsi Ukraine *
97.99%
Ukraine
97.99%
Ukraine
LLC Lan Trace****
100.00%
Ukraine
100.00%
Ukraine
LLC Uklon Corporate *
97.00%
Ukraine
97.00%
Ukraine
LLC Uklon Tech *
97.00%
Ukraine
97.00%
Ukraine
LLC Uklon Ltd *
97.00%
Cyprus
97.00%
Cyprus
Uklon LLC (100.00% subsidiary of LLC Uklon Ltd)
100.00%
Uzbekistan
100.00%
Uzbekistan
Kyivstar Holdings B.V.***
100.00%
Netherlands
100.00%
Netherlands
Kyivstar Cayman Corp.**
100.00%
Cayman Islands
SUNVIN 11 LLC
100.00%
Ukraine
100.00%
Ukraine
LLC ISP Shtorm
100.00%
Ukraine
LLC MTPK
100.00%
Ukraine
LLC Farmel (100.00% subsidiary of LLC MTPK)
100.00%
Ukraine
LLC Farma Studio (100.00% subsidiary of LLC MTPK)
100.00%
Ukraine
LLC Energy Space
100.00%
Ukraine
LLC Ternovytsia Solar Plus
100.00%
Ukraine
LLC Energopostach-Plus
100.00%
Ukraine
LLC Lightfull
100.00%
Ukraine
LLC Sunlight  Generation
100.00%
Ukraine
LLC Ternovytsia Solar
100.00%
Ukraine
*In each of these subsidiaries, a symmetrical put and call option agreement for the remaining ownership interest exists. As a result, on each
respective acquisition date, the Company determined that it had a present ownership interest in the remaining ownership percentage and has
consolidated these subsidiaries fully at 100%.
**The entity was liquidated on January 28, 2026.
***Name of VEON Holdings B.V. has been changed to Kyivstar Holdings B.V., effective February 10, 2026.
****The merger of LLC “Lan Trace” into JSC Kyivstar was registered on July 3, 2026. As a result, LLC “Lan Trace” is in the process of liquidation
through merger.