Millicom launches the world’s first mobile money service with automatic returns to users

Stockholm, 10 September, 2014 – Millicom (Stockholmsbörsen: MIC), the
international telecommunications and media company, announced today that its
Tigo operation in Tanzania has launched the world’s first mobile money service
which offers users the opportunity to automatically earn a return on their
balance direct to their wallet without the need for a separate registration.
The service in Tanzania is called Tigo Wekeza (“Tigo Invests”), and will allow
over 3.5 million Tigo Pesa users to benefit from quarterly payments based on the
balance held in their account.

Tigo Pesa users in Tanzania will also have the option to nominate a non-profit
beneficiary, in line with their personal cultural belief.

Commenting on the new service today, Millicom’s President and CEO, Hans-Holger
Albrecht said “This innovation reflects our commitment to develop mobile money
into an even more attractive service and will extend financial inclusion
further. It comes in a year when we have already pioneered cross-border mobile
money transfers with automatic currency conversion as well as a unique
interoperability arrangement with other operators in Africa.”

The Chief Regulatory Officer of the GSMA, the mobile industry’s global
association, Tom Phillips added “This new service is a further example of the
many pioneering ways in which the industry supports inclusive financial and
social policy goals. Congratulations to Tigo. I look forward to seeing other
operators offering similar services.”

Earlier this month a one-time return to Tigo Pesa users based on their accrued
balances was announced. The trustees of these funds were able to achieve an
aggregate return of 9.2% for the beneficiaries. This and the new service has
been authorised by the Bank of Tanzania following the announcement of new policy
by the central bank earlier this year.

Millicom has 4.7m mobile money customers in its six Tigo operations in Africa
and 2.7m in five countries in Latin America.
For more please visit: www.millicom.com or contact:

Press Enquiries:
Julian Eccles, VP, Corporate Communications
+44 7720 409374
press@millicom.com

Investor Enquiries:
Nicolas Didio, Director of Investor Relations
+44 203 249 2220
investors@millicom.com
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 fourteen countries, primarily using the Tigo brand, 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.