The following table summarizes the movement in the net book value of property and equipment for the six-month period ended


	2026	2025

Balance as of January 1	3,757	3,016

Acquisitions	52	—
Additions *	392	783
Modifications and re-assessments *	83	70
Disposals	(7)	(16)
Divestment and reclassification as held for sale	(31)	(96)
Depreciation	(309)	(280)
(Impairment) / reversal of impairment	(4)	(3)
Currency translation	(13)	(21)
Transfers	8	(7)

Balance as of June 30	3,928	3,446

* Certain prior period comparatives have been reclassified to conform with the current year presentation.

In March 2026, Unitel LLC (“Unitel”), a wholly owned subsidiary of VEON, completed a sale and leaseback transaction in respect

of a building for cash consideration of US$34 and simultaneously entered into a 10-year lease agreement for the continued use

The transaction was accounted for in accordance with IFRS 16. Upon completion of the sale and leaseback transaction, the

Group derecognized the carrying amount of the building of US$32 and recognized a lease liability of US$32 together with a right-

of-use asset of US$30, representing the Group’s retained right to use the building over the lease term. A gain of US$0.1 was

recognized in profit or loss, reflecting only the amount of the gain attributable to the rights transferred to the buyer-lessor. The

remaining portion of the gain, amounting to US$1.9 and relating to the Group’s retained right of use, was not recognized

immediately and will be reflected over future periods through depreciation of the recognized right-of-use asset.