ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING

ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING

New York and Stockholm - May 29th, 2007 - Millicom International Cellular S.A.
("Millicom") (Nasdaq Stock Market: MICC, Stockholmsbörsen: MIC), one of the
world's leading mobile telephony operators in emerging markets, today held its
Annual General Meeting ("AGM") and an Extraordinary General Meeting ("EGM") of
shareholders in Luxembourg.

The AGM resolved to re-elect Ms Donna Cordner, Mr Daniel Johannesson, Mr Tope
Lawani, Mr Michel Massart and Ms Cristina Stenbeck as members of the Board of
Directors and to elect Ms Mia Brunell and Mr Kent Atkinson as new directors. Mia
Brunell has been CEO of Investment AB Kinnevik since August 1, 2006 and was
formerly CFO of Modern Times Group MTG AB. Kent Atkinson held a number of senior
managerial positions in Europe, Latin America and the Middle East before
becoming Group Finance Director of Lloyds TSB from 1994-2002. Mr Vigo Carlund,
Mr Ernest Cravatte and Mr Lars-Johan Jarnheimer did not stand for re-election
and therefore cease to be members of the Board effective today.
PricewaterhouseCoopers Sàrl was re-elected as external Auditor.

All other resolutions proposed to Millicom's AGM of shareholders today in
Luxembourg were passed. In particular, the AGM authorized Millicom to proceed
with a share buy-back program between June 1, 2007 and the date of the 2008 AGM
provided certain conditions are met. For the conditions of the proposed share
buy-back program, please refer to Item 9 of the AGM agenda in the AGM/EGM
convening notice published by Millicom on May 10th, 2007 available on our
website www.millicom.com 

The EGM resolved to renew the authorisation granted to the Board of Directors to
issue shares up to a share capital of USD 199,999,800 divided into 133,333,200
shares at a par value of USD 1.50 per share for a period of five years. The EGM
also voted in favor of several amendments to the Articles of Incorporation of
Millicom. For details of the amendments to Millicom's Articles, please refer to
the EGM part of the AGM/EGM convening notice published by Millicom on May 10th,
2007 available on our website www.millicom.com 

Following the AGM/EGM, the Board unanimously resolved to re-elect Mr.
Johannesson as Chairman of the Board of Directors for a term of office ending at
the AGM to take place in 2008.

The Board also resolved to elect Mr Michel Massart, Mr Kent Atkinson and Mr Tope
Lawani as members of the Audit Committee and to elect Mr. Massart as its
Chairman and designated financial expert, in each case for a term of office
ending at the AGM to take place in 2008.

The Board resolved to elect Mr Daniel Johannesson, Mr Kent Atkinson and Ms Mia
Brunell as members of the Compensation Committee and to elect Mr. Johannesson as
Chairman of the Compensation Committee. Each member is elected for a term of
office ending at the AGM to take place in 2008.

The Board resolved to elect Mr Daniel Johannesson as Chairman of the Nominations
Committee and Mr Tope Lawani and Mr Michel Massart as members, in each case for
a term of office ending at the AGM to take place in 2008.

Millicom International Cellular S.A. is a global telecommunications group with
mobile operations in Asia, Latin America and Africa.  It currently has mobile
operations and licenses in 16 countries.  The Group's mobile operations have a
combined population under license of approximately 280 million people.

This press release may contain certain “forward-looking statements” with respect
to Millicom's expectations and plans, strategy, management's objectives, future
performance, costs, revenues, earnings and other trend information.  It is
important to note that Millicom's actual results in the future could differ
materially from those anticipated in forward-looking statements depending on
various important factors.  Please refer to the documents that Millicom has
filed with the U.S. Securities and Exchange Commission under the U.S. Securities
Exchange Act of 1934, as amended, including Millicom's most recent annual report
on Form 20-F, for a discussion of certain of these factors.

All forward-looking statements in this press release are based on information
available to Millicom on the date hereof.  All written or oral forward-looking
statements attributable to Millicom International Cellular S.A., any Millicom
International Cellular S.A. employees and representatives acting on Millicom's
behalf are expressly qualified in their entirety by the factors referred to
above. Millicom does not intend to update these forward-looking statements.

CONTACTS

Marc Beuls							
Telephone:  +352 27 759 327
President and Chief Executive Officer
Millicom International Cellular S.A., Luxembourg

David Sach							
Telephone:  +352 27 759 327
Chief Financial Officer
Millicom International Cellular S.A., Luxembourg

Andrew Best 							
Telephone:  +44 7798 576 378
Investor Relations

Visit our web site at: www.millicom.com