Anders Borg to be nominated to Millicom Board

Stockholm, 10 December, 2014 – Millicom, the international telecommunications
and media company (Stockholmsbörsen: MIC), has been informed by the Nomination
Committee that it will nominate Anders Borg as new non-executive Director for
election at the AGM to be held in  May 2015.
Anders Borg served as Minister of Finance in Sweden between 2006 and 2014. In
2011, he was named by the Financial Times as European finance minister of the
year recognizing his outstanding political ability, economic performance and
market credibility. He studied philosophy, economic history and political
science at Uppsala University and postgraduate studies in economics at Stockholm
University.

The Chairman of the Nomination Committee, Cristina Stenbeck commented: “The
Nomination Committee is delighted to be nominating Anders Borg to the Board of
Millicom. With his unique international experience and his keen understanding of
the market dynamics in Millicom’s core markets, he will be a strong addition to
the Board and I look forward to working with him as Millicom continues the
expansion of its regional presence and its digital lifestyle offering.”

The Nomination Committee is comprised of Cristina Stenbeck, on behalf of
Investment AB Kinnevik and as Chairman of the Committee, Tomas Risbecker on
behalf of AMF and AMF Funds and Mathias Leijon on behalf of Nordea Funds. The
committee expects to present its full proposal regarding Board nominations and
auditor, if an auditor is to be elected, and their remuneration, in April 2015.
For more please visit: www.millicom.com or contact:

Cristina Stenbeck, Chairman of the Board of Directors, on +44 207 440 5761 at
investors@millicom.com

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

Investors: Nicolas Didio, Director of Investor Relations, on +44 203 249 2220 at
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.