VEON

VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following segments: Cornerstone Market, Growth Engine, and Frontier Market. The Cornerstone segment includes operations in Russia. The Growth Engines segment comprises businesses in Pakistan, Ukraine, Kazakhstan, and Uzbekistan. The Frontier Markets segment covers the market of Algeria and Bangladesh. Its brands include Beeline, Kyivstar, Banglalink, Jazz, and Djezzy. The company was founded by Dmitriy Borisovich Zimin and Augie K. Fabela II in 1992 and is headquartered in Amsterdam, the Netherlands.

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VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following geographical segments: Pakistan, Ukraine, Kazakhstan, Uzbekistan, Bangladesh, Others, and Headquarters (HQ). The Others segment includes operations in Kyrgyzstan. The HQ segment is involved in management activities within the group in Amsterdam, London, Luxembourg, and Dubai; and costs relating to centrally managed operations. The company was founded by Dmitriy Borisovich Zimin and Augie K. Fabela II in 1992 and is headquartered in Amsterdam, the Netherlands.

Amsterdam and Dubai, November 21, 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, (“VEON” or the “Company” or together with its subsidiaries, the “Group”), today published the 2023 Dutch Annual Report for its wholly-owned subsidiary VEON Holdings B.V., which includes audited consolidated financial statements for the year ended December 31, 2023.

VEON Publishes 2023 Dutch Annual Report for VEON Holdings B.V. with Audited Financial Statements for Year Ended 31 December 2023

Amsterdam and Dubai, 21 November 2024: VEON Ltd. (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), today confirms that, as previously announced, its shares will cease trading on the Euronext Amsterdam at the close of trading tomorrow, 22 November 2024 (the “Last Trading Date”), and that the delisting of its common shares from trading on Euronext Amsterdam (the “Euronext Amsterdam Delisting”) will be effective from Monday, 25 November 2024.

VEON on Track to Consolidate Trading on Nasdaq in New York, Last Day on Euronext Amsterdam is Tomorrow

Amsterdam, Dubai and Kyiv, 20 November 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Group”), announces that its wholly-owned subsidiary in Ukraine, Kyivstar, has successfully acquired 2x5 MHz spectrum in the 2100 MHz band and 40 MHz spectrum in the 2300 MHz band at an auction held by Ukraine's National Commission for State Regulation of Electronic Communications, Radio Frequency Spectrum, and Postal Services (NCEC).

VEON's Kyivstar Acquires New Spectrum, Investing UAH 1.4 Billion in Ukraine's Economy

Direct Digital Holdings

Upgraded VEON Ltd. shares in May and reiterated in July; shares have since rallied 36% and 25%, respectively, with more upside expected. Q3 revenue growth of 9.8% in USD and 14% in local currency, driven by digital platform expansion and strong cash balance. Expected 9% revenue growth this year to yield a 50%+ increase in bottom-line earnings, highlighting efficient subscriber acquisition and engagement.

More Upside In VEON Due To Strong MultiUser And Direct Digital Revenue Growth

Amsterdam, Dubai and Tashkent, 19 November 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), today announces that its subsidiary Beeline Uzbekistan has signed a Memorandum of Understanding (MoU) with the GSMA and the Ministry of Digital Technologies of the Republic of Uzbekistan to hold M360 Eurasia 2025 in Tashkent on 20-21 May 2025.

GSMA brings M360 Eurasia to Tashkent in partnership with Beeline Uzbekistan and Uzbekistan's Ministry of Digital Technologies

Amsterdam and Dubai, 15 November 2024 - VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, ("VEON" or the "Group"), announces that it has completed the registration of and received the commercial license for its branch office in Dubai International Finance Centre (“DIFC”).

VEON Receives License for its Branch Office in Dubai International Financial Centre

VEON Ltd. (NASDAQ:VEON ) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Faisal Ghori - Group Director of Investor Relations Kaan Terzioglu - Group CEO Joop Brakenhoff - Group CFO Conference Call Participants Stella Cridge - Barclays Operator Hello, and welcome to VEON's Q3 2024 Trading Update Call. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session.

VEON Ltd. (VEON) Q3 2024 Earnings Call Transcript

Telecoms group VEON is considering an initial public offering (IPO) for its Ukrainian unit Kyivstar on Nasdaq in the U.S. as early as next year, CEO Kaan Terzioglu said on Thursday.

Telecoms group VEON mulls U.S. IPO for Ukraine's Kyivstar

Amsterdam and Dubai, 14 November 2024 07:00AM CET VEON Q3 2024 Highlights Q3 Total revenue of USD 1,038 million, +9.8% YoY; revenue growth in local currency +14.1% YoY (+16.0% YoY underlying revenue growth in local currency) Q3 Direct digital revenue of USD 121 million, +35.1% YoY (+32.6% YoY in local currency) Q3 Telecom and infrastructure revenue USD 916 million, +7.2% YoY (+12.2% YoY in local currency) Q3 EBITDA of USD 438 million, -1.5% YoY, +3.5% YoY growth in local currency (+9.8% YoY underlying growth in local currency) Total cash and cash equivalents of USD 1,019 million, with USD 453 million at headquarters (“HQ”); and gross debt at USD 4.0 billion (decreased by USD 335 million YoY), with net debt excluding lease liabilities at USD 2.1 billion LTM Equity Free Cash Flow of USD 421million, +22.2% YoY; LTM Capex increased 16.3% YoY VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces selected financial and operating results for the third quarter ended 30 September 2024.

VEON 3Q24 Trading Update: Another Billion Dollar Revenue Quarter, Digital Drives Growth

Amsterdam and Dubai, 13 November 2024 - VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, ("VEON" or, together with its subsidiaries, the "Group"), announces that the VEON Board of Directors has re-appointed UHY LLP (“UHY”) as the independent registered public accounting firm for the audit of the Group's consolidated financial statements for the year ended December 31, 2024 in accordance with the standards established by the Public Company Accounting Oversight Board, United States (the "PCAOB Audit").

VEON appoints UHY LLP as auditors for VEON Group's 2024 PCAOB Audit

Shares of Veon Ltd VEON have climbed almost 70% year to date.

VEON Has Exposure To 5 High Growth Frontier Markets, Says Bullish Analyst

Amsterdam, Dubai and Dhaka - 11 November 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, announces that Banglalink, its digital operator in Bangladesh, has launched RYZE, a comprehensive digital lifestyle app tailored to engage Bangladesh's emerging generation featuring AI-powered personalization.

VEON Elevates its Youth Offering Through Banglalink's AI-Powered Lifestyle App RYZE

Islamabad, 8 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, is pleased to announce that a VEON delegation led by VEON Chairman and Founder Augie Fabela, VEON Group CEO Kaan Terzioglu and Jazz CEO Aamir Ibrahim visited Prime Minister of Pakistan Shehbaz Sharif today in Islamabad, to discuss the advancement of the country's digital landscape.

VEON Group Reaffirms Commitment to Strengthen Pakistan's Digital Infrastructure in Meeting with Prime Minister

Amsterdam, Dubai, and Islamabad, 07 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today announces that Garaj, the enterprise solutions business of its Pakistan digital operator Jazz, will assist in setting up a regional availability zone for Standard Chartered Bank (SCB), one of the world's leading banks. Garaj aims to strengthen Standard Chartered Bank's operational resilience and enhance its customer experience across multiple regions, reinforcing Standard Chartered Bank's commitment to digital transformation and efficient global data center operations.

VEON's Cloud & Cybersecurity Platform Garaj Signs with Standard Chartered Bank in Pakistan

Amsterdam, Dubai and Islamabad, 05 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, announced that Jazz, its digital operator in Pakistan, has signed a memorandum of understanding (MoU) with the National University of Sciences and Technology (NUST) and the National Information Technology Board (NITB). This collaboration aims to develop Pakistan's first indigenous Large Language Model (LLM) to serve under-resourced regional languages, supporting digital inclusivity in AI technologies. The LLM will focus on Urdu and include datasets for Pashto and Punjabi.

VEON's Jazz Enters Partnership to Support Local-Language AI LLM Development in Pakistan

Amsterdam, Dubai and Tashkent, 1 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today launches the Hambi super app, an AI-powered innovative platform that consolidates a comprehensive suite of digital services and connectivity into a single application, which is now accessible to all mobile users in Uzbekistan.

VEON Launches AI-Powered Super App Hambi in Uzbekistan

Amsterdam and Dubai, 1 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, (“VEON” or the “Company” or together with its subsidiaries, the “Group”), announces that today it has filed its 2023 Dutch Annual Report, including audited consolidated financial statements for the year ended 31 December 2023 prepared in accordance with International Financial Reporting Standards as adopted by the European Union and with Part 9 of Book 2 of the Dutch Civil Code (the “Statutory Financial Statements”), with the Dutch Authority for the Financial Markets (“AFM”). A copy of the Company's 2023 Dutch Annual Report can be found on the Financial Results section of VEON website at https://www.veon.com/investors/#tab-item-104 .

VEON Files its Dutch Annual Report with Audited Financial Statements for Year Ended 31 December 2023

VEON to release 3Q 2024 trading update on 14 November 2024 Amsterdam and Dubai, 31 October 2024 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator, today confirms that the Group will release its selected financial and operating results for the third quarter and nine months ended 30 September 2024, at or around 7:00 CET (6:00 GMT, 1:00 EST) on 14 November 2024.

VEON to release 3Q 2024 trading update on 14 November 2024

Amsterdam and Dubai, 29 October 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator (“VEON”), is pleased to announce that its Group CEO Kaan Terzioglu has been re-elected to the Board of Directors of the GSMA, the global organisation unifying the mobile ecosystem, for the upcoming 2025-2026 term.

VEON CEO Kaan Terzioglu Re-elected to the GSMA Board

Amsterdam and Dubai, 25 October 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today announced that JazzCash, the financial services arm of Jazz, VEON's digital operator in Pakistan, has signed an agreement with Dgpays, a leading financial infrastructure technology provider in the EMEA region. This partnership will enable JazzCash to modernize its payment gateway for e-commerce transactions, enhancing transaction speed, security, fraud prevention capabilities, and the overall experience for both merchants and consumers across Pakistan.

VEON's JazzCash Partners with Dgpays to Enhance e-Commerce in Pakistan

Amsterdam and Dubai, 24 October 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), today announces that Jazz, its digital operator in Pakistan, has launched FikrFree, a new AI-powered digital marketplace for insurance and healthcare. The platform aims to bridge a significant gap in Pakistan, where insurance sector penetration is less than 1% of GDP according to the Securities and Exchange Commission of Pakistan, and millions lack access to essential healthcare. In comparison, insurance penetration in other countries is significantly higher (over 7% of GDP in the US and more than 9% of GDP in the UK, according to the World Bank). FikrFree helps users find accessible and affordable coverage through personalized insurance plans and healthcare services.

VEON's Jazz Launches FikrFree: An AI-Powered Digital Marketplace to Unlock Affordable Insurance and Healthcare in Pakistan

Amsterdam and Dubai, 21 October 2024: VEON Ltd. (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), acknowledges the receipt of a letter from Shah Capital (the “Shah Letter”), a valued long-term shareholder holding approximately 7% of VEON's shares, to the VEON Board of Directors (“VEON Board”).

VEON Welcomes Letter from its Shareholder Shah Capital, Reiterates Commitment to Shareholder Value Creation

Amsterdam and Dubai, 21 October 2024 : VEON Ltd. (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), today announces that it has commenced the process for the delisting of its common shares from trading on Euronext Amsterdam (the “Euronext Amsterdam Delisting”), following the approval of Euronext Amsterdam. The Company's last day of trading on Euronext Amsterdam will be 22 November 2024 (the “Last Trading Date”) and the delisting will be effective from 25 November 2024.

VEON Commences its Delisting from Euronext Amsterdam to Consolidate its Trading on Nasdaq in New York

Amsterdam and Dubai, 21 October 2024: VEON Ltd. (Nasdaq: VEON; Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Company”), today announces that, following the filing of the Company's Form 20-F for the period ended December 31, 2023 (“2023 20-F”) on October 17, 2024, it has received confirmation from the Nasdaq Stock Market ("Nasdaq") that VEON is now compliant with the Nasdaq listing requirements.

Nasdaq Confirms VEON's Full Compliance Following its 2023 20-F Filing

Amsterdam, 17 October 2024, 20:45: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: 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, 2023 (the "2023 Form 20-F") with the U.S. Securities and Exchange Commission at www.sec.gov following the completion of the audit of its 2023 financial statements by its independent auditor UHY LLP according to Public Company Accounting Oversight Board (“PCAOB”) standards.

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