A NEW STRUCTURE TO SEIZE NEW OPPORTUNITIES Stockholm, February 1, 2012 – Millicom International Cellular S.A. (“Millicom”) (Stockholmsbörsen: MIC) announces today the introduction of a new structure which will be implemented throughout 2012. There are 3 key components to it: (1) In-Market Organizations, (2) Global Categories and (3) Global Support Functions. This new organization structure is designed to support Millicom’s strategic goals to accelerate the development of new products and categories, deepen its consumer understanding skills and to bring innovation to its go-to-market strategies, while continuously focusing on increasing efficiency. The head office of Millicom will remain in Luxembourg, while some categories and functions will be operated from Miami. Millicom will continue to report its results by region, namely: Central America, South America and Africa. Millicom intends to increase, over time, the level of disclosure by category: Communication, Information, Entertainment, Solutions and Mobile Financial Services (MFS). Mario Zanotti, formerly Chief Officer Latin America, has been appointed COO Categories and Global Sourcing, responsible for the Communication, Information, Entertainment and Solutions categories as well as the group Technology and Supply Chain functions. Regis Romero, formerly Chief Officer Africa, has been appointed COO Global Markets. He will be in charge of operations in all markets, including the development of the Home segment, which includes broadband internet and cable TV. The MFS category, which encompasses cash transfer services and other banking activities, will be managed by François-Xavier Roger, Chief Financial Officer, who will continue to head the Global Finance function. The Global HR function will be headed by Jo Leclère, Chief HR Officer. These executives, together with Mikael Grahne, President and Chief Executive Officer, will form the Executive Committee. Mikael Grahne, CEO, commented: “In a fast-moving industry, we have consistently innovated, differentiating ourselves from our global competitors. While we have grown rapidly, our business has become more complex, presenting many opportunities and exciting challenges. Non voice products already account for 28% of our revenues. We expect them to generate more than half of our revenues in a few years. This evolution requires that we accelerate the development of new products and categories, deepen our consumer understanding skills, and innovate in our go-to-market strategies. The new structure will ensure that we have the best possible mix of local experience and global expertise.” Contacts Chief Financial Officer François-Xavier Roger Tel: +352 27 759 327 Investor Relations Justine Dimovic Tel: +352 691 750 479 Emily Hunt Tel: +44 7779 018 539 Visit our web site at www.millicom.com
A NEW STRUCTURE TO SEIZE NEW OPPORTUNITIES
| Source: Millicom International Cellular S.A.