VEON and Kyivstar Fulfill Commitment to Invest USD 1 Billion in Ukraine over 2023-2027 Ahead of Schedule

Dubai, Kyiv and New York, April 29, 2026: VEON Ltd. (Nasdaq: VEON), a global digital operator and the parent company of Ukraine's leading digital operator Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), today announced that VEON and Kyivstar have fulfilled their 2023-2027 investment commitment to Ukraine ahead of schedule, exceeding the companies' USD 1 billion investment commitment by 30%.