Millicom and Kalixa create online payments processing partnership for Africa and Latin America

Stockholm, 11 September, 2014 – Millicom (Stockholmsbörsen: MIC), the
international telecommunications and media company, and Kalixa announced today
the establishment of a joint venture to develop a payments service provider to
operate in Africa and Latin America, initially commencing in Colombia and Brazil
later this year.
The joint venture will offer payment acceptance services for both businesses and
consumers, including payment gateway and point of sale solutions for merchants
as well as 1-click payment and eWallet provision for online customers. The
partnership will cover the end-to-end payment ecosystem and will offer multi
-device and cross-platform services.

The joint venture will benefit from Millicom’s existing reach across Africa and
Latin America through its high-profile “Tigo” infrastructures in fourteen
countries and its online partnerships in 31 countries. It will also draw on
Kalixa’s experience of providing a full range of payment services, including
issuing, acquiring and acceptance solutions to over 8,000 merchants across 100
markets.

The initial phase of the joint venture will begin in H2 2014 and will provide an
end-to-end service for ecommerce providers. Brazil is the largest market in
Latin America with around 60% of its ecommerce by volume and 80% of the
continent’s top 500 e-merchants present there. In Colombia, Millicom’s largest
market in Latin America, ecommerce is growing significantly at over 60% annually
with 50% of internet users enjoying online shopping.

Millicom’s CEO and President, Hans-Holger Albrecht said “Working with Kalixa
will enable us to offer a complete digital payments service in markets where
ecommerce is growing rapidly and where we already have a strong presence. It is
a great combination of our respective expertise.”

Ed Chandler, CEO of Kalixa, commented “As developing markets, Latin America &
Africa represent a combined $1.78 [1] trillion opportunity for the payments
industry. Our partnership with Millicom is the first step in making payments
easier for merchants and consumers in these regions by offering a connected
service with the full spectrum of payment services being offered under one roof.
As we have already seen in Europe, by removing unnecessary links in the chain we
can service customers more efficiently. This allows us to pass the value back to
help merchants capitalise on the digital explosion happening in this region”

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[1] Sources: Euromonitor - Assessing the payment landscape in Latin America.
CapGemini - 8th Annual World Payments Report 2012
For more please visit: www.millicom.com or contact:

At Millicom:

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

On behalf of Kalixa:

Daniel Lowther / CC Group on 0207 535 7226 or daniel.lowther@ccgrouppr.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.

About Kalixa

With its single payments platform, the Kalixa payments group provides merchants
of all sizes with omni-channel payments from one supplier. It delivers value to
customers by reducing costs, eliminating complexity, boosting operational
efficiencies, creating new revenue streams and delivering a seamless,
intelligent and frictionless payments experience across multiple channels.

Kalixa’s four core products are Kalixa Pay, a prepaid e-wallet with 200,000
users across Europe, Kalixa Pro, an mPOS for small businesses and sole traders,
Kalixa Accept, which allows merchants to accept more than 200 payment methods
and the PXP Payment Gateway with customers including Urban Outfitters,
Intercontinental Hotel Group, bwin.party and MasterCard.

Kalixa payments group has an addressable market of more than 100 countries
worldwide. It has over 200 employees internationally and offices in London,
Gibraltar, Cologne, Vienna and New York.

For more information visit: www.kalixa.com