Completion of a partial tender offer on a bond

| Source: Millicom International Cellular S.A.
Stockholm, April 15, 2014 – Millicom, the international telecommunications and
media company (Stockholmsbörsen: MIC), today announces that it has completed a
partial tender offer on the 2017 bond issued by its subsidiary in El Salvador.
The company has successfully completed a partial cash tender offer (USD139m of
aggregate principal out of a principal amount outstanding of USD450m) of the
2017 bond issued by Telemovil Finance Co Ltd in October 2010. The transaction is
aimed at improving the balance sheet efficiency.
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About Millicom

Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing digital lifestyle services to the world’s
emerging markets, giving access to the world, primarily through mobile devices.
Operating in 15 countries, Millicom offers innovative and customer-centric
products. Millicom employs more than 10,000 people and provides mobile, cable,
broadband, TV content, online and financial services to over 50 million
customers. Founded in 1990, Millicom is headquartered in Luxembourg and listed
on NASDAQ OMX Stockholm under the symbol MIC. In 2013 Millicom generated revenue
of $5.16 billion and EBITDA of $1.9 billion.