ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING

ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING

New York and Stockholm - May 27, 2008 - Millicom International Cellular S.A.
(Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC), the global
telecommunications company, today held its Annual General Meeting ("AGM") and an
Extraordinary General Meeting ("EGM") of shareholders in Luxembourg.

The AGM resolved to re-elect Mr Kent Atkinson, Ms Mia Brunell Livfors, Ms Donna
Cordner, Mr Daniel Johannesson and Mr Michel Massart as Non-Executive Directors
and to elect Mr Marten Pieters and Mr Allen Sangines-Krause as new Non-Executive
Directors of the Company.  

Mr Marten Pieters was CEO of MSI, which became Celtel, from 2003 through its
acquisition by MTC in early 2007. During this time, he was a driving force in
Celtel's development as one of the leading pan-African telecommunications
operators, serving some 20 million customers in 14 countries.  Previously, from
1989 to 2003, Mr Pieters worked at KPN where, from 2000, he was a member of the
executive management board of KPN Telecom with specific responsibility for KPN's
Business Solutions Division.  Prior to this he was EVP, KPN International
Operations, covering Central and Eastern Europe, Asia and the US.  Before this
he was Managing Director of two Telecoms districts, having joined KPN as
Secretary to the Board of Management.  Before starting his career in
telecommunications, Mr Pieters worked for 11 years at Royal Smilde Foods as
Director of Finance and Strategic Planning and eventually as CEO in the
Netherlands. He has a Law degree from Groningen University, The Netherlands.  

Mr Allen Sangines-Krause worked for Goldman Sachs between 1993 and 2007, working
in a variety of senior positions from COO for Latin America based in Mexico City
and New York and most recently as Managing Director out of London.  Prior to
joining Goldman Sachs, Mr Sangines-Krause was with Casa de Bolsa Inverlat, in
Mexico, and before that he was a Founding Partner of Fidem, S.C., a Mexican
investment bank, which was acquired by Casa de Bolsa Inverlat in 1991.  Mr
Sangines-Krause currently sits on the Board of Investment AB Kinnevik and is
Chairman of Rasaland, a real estate investment fund.  He is a member of the
Council of the Graduate School of Arts and Sciences of Harvard University.  He
has a Ph.D. in Economics from Harvard University and an undergraduate degree in
Economics from Instituto Tecnologico Autonomo de Mexico. While at Harvard, he
was economic advisor to the Bolivian President for three years, focused on
successfully reducing hyperinflation from some 20,000% to single digit levels.

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 the payment of a per
share gross cash dividend of USD 2.40 to eligible shareholders. The dividend
will be paid on June 9, 2008 to shareholders of record as of June 2, 2008. 
As the required quorum of two-thirds of the issued and outstanding share capital
was not met, the Board resolved to reconvene the EGM in order to amend Article
21 (“Procedure, Vote”) of the articles of association of Millicom.  Further
notice will be given promptly regarding the reconvened EGM.  For details of the
proposed amendment to Article 21, please refer to item I. of the EGM agenda in
the AGM/EGM convening notice published by Millicom on May 9th, 2008 available at
www.millicom.com .


Millicom International Cellular S.A. is a global telecommunications group with
mobile telephony 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 291 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 or 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

Daniel Johannesson
Chairman of the Board of Directors
Millicom International Cellular S.A., Luxembourg
Telephone:  +352 27 759 327

Andrew Best
Investor Relations
Shared Value Ltd, London
Telephone:  +44 20 7321 5022

Visit our web site at http://www.millicom.com