Release Details

Deal expands Kyivstar Group's digital ecosystem into micromobility, marking Uklon’s first M&A transaction

Kyiv, Ukraine, August 7, 2026 -- Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), the parent company of JSC Kyivstar ("Kyivstar"), Ukraine's leading digital operator, today announced that Uklon, Ukraine's leading ride-hailing and delivery platform and part of Kyivstar's digital ecosystem, has closed a deal to acquire 100% of the operator e-Wings. The transaction was valued at UAH 97.6 million before adjustments.

The acquisition deepens Kyivstar’s digital ecosystem strategy, adding a new mobility layer to a platform already used daily by millions of Ukrainians for transport, delivery, and payments. Uklon’s platform already spans ride-hailing, delivery, advertising, bus ticketing, and e-commerce, and now adds a new micromobility vertical, Uklon Scooters, to that portfolio.

“Uklon’s acquisition of e-Wings is a clear example of how Kyivstar’s digital ecosystem strategy creates value beyond connectivity. By backing Uklon's move into micromobility, we are helping build a broader platform of digital services that meets more of our users’ everyday needs, while strengthening one of Ukraine's most dynamic digital businesses,” said Oleksandr Komarov, President of Kyivstar Group.

“This deal is a milestone moment for Uklon: for the first time in our history, we are scaling through M&A, and we are doing so deliberately, choosing a direction that strengthens our digital ecosystem within the Kyivstar Group family of businesses. Uklon Scooters will become another touchpoint with users in daily urban mobility,” said Serhiy Hryshkov, CEO of Uklon.

To lead the new business line, e-Wings co-founder Roman Motruk has been appointed Head of Micromobility, where he will drive the sector's strategic development and build synergies across Uklon’s broader ecosystem.

Oleh Bilyi, e-Wings co-founder and former head of operations, becomes Head of Micromobility Operations, overseeing day-to-day operational processes. The unit will report to Vadym Ishchenko, Chief Operating Officer of Uklon, who leads growth of new products and services across the ecosystem. During the transition period, e-scooter rentals will continue to run through the existing e-Wings app across all 11 cities where the service operates.

“Joining the Uklon ecosystem represents a fundamentally new level for our team. I am confident that combining our seven years of operational experience with Uklon’s powerful brand and resources will make moving around the city even more convenient for users,” said Roman Motruk, Head of Micromobility at Uklon.

About Kyivstar Group Ltd.
Kyivstar Group Ltd. (“Kyivstar”) is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to list on a U.S. stock exchange.

Kyivstar’s companies provide a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity.
For more information, please visit https://investors.kyivstar.ua.
Nasdaq tickers: KYIV; KYIVW

About JSC Kyivstar
JSC Kyivstar is Ukraine’s leading digital operator, serving more than 21.8 million mobile customers and over 1.3 million home internet fixed line customers as of June 30, 2026. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, cloud solutions, cybersecurity services, digital TV, and more.

JSC Kyivstar is wholly owned by Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), whose shares are traded on the U.S. stock exchange Nasdaq.

Additional information: pr@kyivstar.net , www.kyivstar.ua

About Uklon
Uklon is a product-driven service IT company and the developer of the Uklon ride-hailing platform. Since April 2025, 97% of the company’s corporate rights have been owned by JSC Kyivstar, Ukraine’s largest electronic communications operator.

JSC Kyivstar is part of the VEON Group, an international digital operator serving more than 160 million customers. VEON provides services across telecommunications, ride-hailing, streaming, healthtech, fintech, and other digital sectors. VEON shares are listed on the Nasdaq stock exchange.
Official website: https://uz.uklon.eu/en/home/

Disclaimer
This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to, among other things, the integration of e-Wings into Uklon's business and Kyivstar Group. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the integration of acquired businesses, among others discussed in the section entitled “Risk Factors” included in the final prospectus filed by Kyivstar Group with the U.S. Securities and exchange Commission (“SEC”) on March 16, 2026, as amended and supplemented from time to time, and in any other subsequent filings with the SEC by Kyivstar Group. The forward-looking statements contained herein speak only as of the date of this release and Kyivstar Group disclaims any obligation to update or revise them, other than to the extent as required by applicable law.

Contact information
Kyivstar Group Ltd
Investor Relations
ir@kyivstargroup.com