Kyivstar Group Ltd. Common Shares

MeetKai announced a six-country rollout of its sovereign AI stack, built on NVIDIA AI infrastructure, across Brazil, Ukraine, Pakistan, Kazakhstan, Uzbekistan and Bangladesh, six countries home to more than 700 million people. In Brazil, MeetKai Brasil won SERPRO's public tender for the national sovereign AI platform with the highest overall score and is now launching it with SERPRO, including a sovereign coding agent for secure workflows. In Ukraine, MeetKai and Kyivstar, VEON's majority owned subsidiary and leading Ukrainian digital operator, will build a sovereign AI data center, the first national-scale AI factory in the country, with first capacity planned to come online in 2027 and a design expected to expand from 15 to 100 MW as demand from the public sector and Ukrainian industry grows. Across VEON's five markets, home to more than 150 million mobile customers and over 225 million digital customers, MeetKai acts as VEON's AI lab-as-a-service, beginning in Ukraine followed by Pakistan, Kazakhstan, Uzbekistan and Bangladesh, with each site operated by MeetKai together with VEON's local operator. MeetKai, an NVIDIA Inception member, is also expanding its work in Egypt with Smart Africa, building its AI stack on NVIDIA technology.

Kyivstar Group raised its full-year 2026 revenue and EBITDA guidance after reporting a 19.3% year-on-year increase in total revenue to 339 million dollars for the second quarter. Digital revenue surged 83 percent to 73.7 million dollars, now representing 21.7 percent of total revenue, while EBITDA rose 13.7 percent to 188 million dollars. Equity free cash flow after leases and licenses expanded 32.2 percent to 104 million dollars, and net profit reached 77 million dollars after a non-cash charge of 21.2 million dollars from a fair-value change on outstanding warrants. The company now expects full-year dollar revenue growth of 14 to 16 percent and EBITDA growth of 9 to 12 percent, up from prior forecasts of 11 to 14 percent and 7 to 10 percent respectively, while maintaining capex intensity guidance at 21 to 24 percent.

Kyivstar Group Ltd., the first Ukrainian company listed on a U.S. stock exchange, has opened a new office at Rockefeller Center in New York City. The office, located at 1270 Avenue of the Americas, will support Kyivstar's engagement with U.S. investors, commercial and industry partners, and the broader international business community, though it will not undertake commercial, contracting, or operational functions. The opening comes ahead of parent company VEON Ltd.'s second-quarter 2026 earnings announcement on July 31, which will be hosted in person in New York. Kyivstar listed on Nasdaq in August 2025, and the new office is part of its international expansion following that milestone.

Uklon, Ukraine's leading ride-hailing service and part of Kyivstar's digital ecosystem, has integrated the Visa Acceptance Platform into its application. The launch strengthens Uklon's payment infrastructure and delivers a faster, more seamless payment experience for millions of riders, enabling in-app transactions, instant refunds, and transaction cancellations. Kyivstar President Oleksandr Komarov stated that strengthening digital payment infrastructure is essential to advancing Ukraine's digital economy. The integration builds on Uklon's transformation into a comprehensive urban mobility and digital services ecosystem spanning ride-hailing, delivery, advertising, and intercity travel.

Kyivstar and VEON have signed a Memorandum of Understanding with Ukraine's Ministry of Economy to advance digital infrastructure and explore building a sovereign, AI-ready data center in Ukraine. The MOU was signed at the 2026 Ukraine Recovery Conference in Gdańsk, with the proposed facility aimed at keeping critical data processing and storage within the country for sensitive sectors like public administration, financial services, and defense. Kyivstar President Oleksandr Komarov said the company would aim to fund any investment within its existing capital expenditure plans, while VEON CEO Kaan Terzioglu noted the project aligns with the group's AI1440 strategy. The initiative is expected to require long-term investment and partnership between strategic investors and the government, with Kyivstar's participation as one of Ukraine's largest infrastructure investors providing a foundation for scaling AI infrastructure nationally.

Kyivstar has signed a Memorandum of Understanding with the National Securities and Stock Market Commission of Ukraine to explore mechanisms for Ukrainian investors to access its existing Nasdaq-listed shares. The agreement, announced at the 2026 Ukraine Recovery Conference, will involve a preliminary regulatory and legal assessment of how Kyivstar’s shares could be made available through established brokerage channels in Ukraine. The initiative aims to allow Ukrainians to invest in a company they use daily, even though its shares are listed on Nasdaq. Kyivstar, a subsidiary of VEON, became the first Ukrainian company on a U.S. exchange with its listing.