VEON to release 1Q 2025 trading update on May 15, 2025 Dubai, May 2, 2025 – VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that the Group will release its selected financial and operating results for the first quarter ended March 31, 2025, at or around 8:00 GST (0:00 EST) on May 15, 2025. VEON will also host a results conference call with senior management at 16:00 GST (8:00 EST) on the same day. 1Q25 results conference call To register and access the event, please click here or copy an ...

Financial Performance - Net Debt is calculated as the sum of interest-bearing long-term and short-term debt minus cash and cash equivalents, providing insight into the company's financial position [27]. - Mobile average revenue per user (ARPU) is calculated by dividing mobile service revenue by the average number of mobile customers during the period [31]. - The company expects improvements in Average Revenue Per User (ARPU) and future costs and operating results [53]. Operational Segments - VEON's reportable segments include Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan, with Kyrgyzstan reported separately under "Other" [28]. - The company presents capital expenditures excluding licenses and right-of-use assets, which include spending on equipment, new construction, and upgrades [26]. User Engagement - The number of 4G users is a key performance indicator, reflecting mobile customers engaged in revenue-generating activities over the 4G network [30]. - Digital services monthly active users (MAUs) represent the total active users across all digital products and services offered by VEON [32]. Market and Industry Insights - Market and industry data is sourced from regulatory publications and third-party studies, with mobile penetration rates defined as mobile connections divided by population [38]. - The company anticipates changes in competitive strengths, customer demands, and market trends in its operating industries [53]. Risks and Challenges - The ongoing war in Ukraine poses risks to the company's operations, including economic conditions and supply chain disruptions [49]. - Forward-looking statements in the report are based on management's estimates and are subject to various risks and uncertainties [47]. - The company is aware of potential adverse legislative and regulatory developments that could impact profitability [53]. - The company has outlined various risks in its Annual Report on Form 20-F that could affect its performance [53]. Strategic Initiatives - The company aims to expand its product offerings, including 4G and 5G networks, broadband services, and digital services in various sectors [49]. - The company plans to enhance marketing and distribution strategies, including customer loyalty programs [53]. - The company emphasizes the importance of meeting license requirements and obtaining regulatory approvals for operations [53]. - The company recognizes the importance of retaining key personnel for its operations [53].

Dubai, April 25, 2025: VEON Ltd. (NASDAQ:VEON), a global digital operator (‘VEON' or the ‘Company'), today announces that it has filed its Annual Report on Form 20-F for the year ended December 31, 2024 (the "2024 20-F") with the U.S. Securities and Exchange Commission at www.sec.gov. The filing follows the completion of the audit of the VEON Ltd. 2024 financial statements by the Company's independent auditor UHY LLP according to Public Company Accounting Oversight Board standards. "The filing of our 2024 2 ...

Core Insights - VEON Ltd. published its 2024 Integrated Annual Report, highlighting strong operational and financial performance along with a commitment to social impact [1][2][3] Financial Performance - Group revenues for FY24 increased by 8.3% year-on-year, while Group EBITDA grew by 4.9% year-on-year in reported currency [13] - Direct revenues from digital services accounted for 11.5% of total revenues, growing at a rate of 63% year-on-year in reported currency [13] Digital Transformation and AI Initiatives - VEON served 122 million total monthly active users across its digital services portfolio by the end of 2024, providing access to financial services, digital information, entertainment, healthcare, and learning opportunities [4] - The company launched AI-based solutions, including Kaz-LLM, a large language model in Kazakhstan, as part of its AI1440 ambition to augment human capabilities [5] Commitment to Ukraine - VEON and Kyivstar committed USD 1 billion in investments from 2023 to 2027 to rebuild Ukraine's digital infrastructure and expand essential digital services [6] - Key milestones included partnerships for satellite-based services and enhancing energy resilience [6] Energy Efficiency and Sustainability - The number of Base Transceiver Stations (BTS) using power-saving technology increased from approximately 63,000 in 2023 to 70,000 in 2024 [7] - The number of base stations powered by renewable energy rose from 993 in 2023 to 1,085 in 2024, while overall energy consumption in offices decreased by nearly 28% [7] Governance and Corporate Structure - VEON streamlined its governance by consolidating trading in its shares to the Nasdaq Stock Market and relocating its headquarters to the Dubai International Financial Center [9][10] Investment in Human Capital - The company invested USD 4.4 million in employee training and development in 2024, up from USD 2.6 million in 2023 [11] - Initiatives to support women's inclusion in the workforce were launched, with significant increases in women's representation in leadership roles across various countries [12]

Dubai, April 8, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, has successfully completed the reorganization of VEON Holdings B.V. and finalized its consent solicitation process, first announced on January 13, 2025. These steps pave the way for the proposed business combination with Cohen Circle Acquisition Corp. I, which is expected to lead to Kyivstar Group Ltd., the parent company of Ukraine’s leading digital operator Kyivstar, listing on the Nasdaq under the ticker symbol KYIV. The reorganiz ...

Core Points - VEON Ltd. has scheduled its 2025 Annual General Meeting of Shareholders for May 8, 2025, with a record date set for March 31, 2025 [1] - The Board has recommended the re-election of seven current Board members, including five nominees from shareholders holding over 5% of the issued share capital [2] - The AGM agenda includes the re-appointment of UHY LLP as the external auditor for the financial year ending December 31, 2025, and the presentation of the audited financial statements for the year ended December 31, 2024 [3] Company Overview - VEON is a digital operator providing connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [5]

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Dubai, March 27, 2025 – VEON Ltd. (NASDAQ:VEON), a global digital operator, today announces the successful syndication of a 24-month, USD 210 million senior unsecured term loan under a new facility agreement from a consortium of international lenders, including ICBC Standard Bank and leading GCC banks. "I am pleased to mark VEON's return to the capital markets with the successful syndication of this new USD 210 million term loan from a group of leading international banks and investors. This new debt facil ...

Core Insights - VEON Ltd. has appointed Anand Ramachandran as Corporate Development Officer, effective May 1, 2025, to lead Mergers & Acquisitions and Investor Relations teams [1] - Anand Ramachandran has nearly three decades of experience in international financial markets and investor relations, previously serving as Chief of Staff at VEON and Vice President at Singapore Telecom [2][3] - The Group's CEO, Kaan Terzioglu, emphasized Anand's strategic expertise and leadership as crucial for executing VEON's strategic initiatives [3] Company Overview - VEON is a digital operator providing converged connectivity and digital services to nearly 160 million customers across six countries, representing over 7% of the world's population [5] - The company focuses on transforming lives through technology-driven services that empower individuals and drive economic growth [5]

Dubai and Kyiv, March 21, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, today signed a Memorandum of Understanding (“MoU”) with Airspan Networks Holdings LLC (“Airspan”), a U.S.-based provider of Open RAN solutions and network infrastructure. VEON and Airspan intend to collaborate in evaluating technical and commercial synergies for resilient network solutions in Ukraine, identifying joint business prospects in both public and private network sectors, and sharing expertise to drive innovation a ...