March 18 (Reuters) - VEON:

* SIGNS DEFINITIVE BUSINESS COMBINATION AGREEMENT WITH COHEN

CIRCLE FOR KYIVSTAR IPO ON NASDAQ

* TRANSACTION ASSIGNS PRO-FORMA VALUATION OF $2.21 BILLION

TO

KYIVSTAR AT CLOSING

* BUSINESS COMBINATION WITH COHEN CIRCLE EXPECTED TO CLOSE

IN Q3

* VEON WILL OWN MINIMUM OF 80% OF ISSUED, OUTSTANDING EQUITY

OF

KYIVSTAR GROUP IMMEDIATELY FOLLOWING CLOSING OF BUSINESS

COMBINATION

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(Gdansk Newsroom)