NEW YORK and BERTRANGE, Luxembourg, March 3, 2005 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom") announces an offer (the "Exchange Offer") to exchange all of its outstanding 10% Senior Notes due 2013 (the "Old Securities") for its new 10% Senior Notes due 2013 (the "New Securities") which have been registered under the United States Securities Act of 1933, as amended.
The terms and conditions of the Exchange Offer are set forth in a prospectus which is being distributed to all record holders of the Old Securities by the Exchange Agent, The Bank of New York. The prospectus may be obtained from The Bank of New York at: Corporate Trust Operations Reorganization Unit, 101 Barclay Street -- 7 East, New York, N.Y. 10286.
Marc Beuls
President and Chief Executive Officer Tel: +352 27 759 327
Andrew Best Investor Relations Tel: +44 7798 576 378
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