Millicom announces a consent solicitation for its SEK bond

Stockholm, 6 March, 2015 – Millicom (Stockholmsbörsen: MIC) is soliciting
consent from the holders of its SEK bond to amend certain terms and conditions.
In order to conform the covenants in its SEK bond relating to the incurrence of
financial indebtedness to the corresponding restrictions in certain of
Millicom's other credit facilities, Millicom International Cellular S.A. has
called a noteholders' meeting to be held on 17 March 2015 to amend certain terms
and conditions of its SEK bond. The meeting notice is held available by the
agent CorpNordic Sweden AB on its web page, www.corpnordic.com .

Subject to satisfaction of the conditions as set out in the meeting notice,
Millicom will pay a consent fee and an implementation fee to noteholders
eligible to receive such fees if the proposed amendments to the terms and
conditions of the SEK bond are approved at the noteholders' meeting. The consent
fee will be an amount equal to SEK 2.00 per SEK 1,000 principal amount of the
notes and will be calculated on the principal amount which the relevant
noteholder has voted in favor of the amendment. The implementation fee will be
an amount equal to SEK 0.50 per SEK 1,000 principal amount of the notes and will
be calculated on the principal amount held by the relevant noteholder on 17
March 2015.

Information about voting requirements, important dates for the consent
solicitation and further information about the fees is available in the meeting
notice.

Any person with questions regarding the consent solicitation should contact the
agent CorpNordic Sweden AB, Anna Litewka at +46 8 402 72 11,
trustee@corpnordic.com or Millicom (contacts hereafter).

This announcement does not describe all of the material terms of the consent
solicitation and must be read in conjunction with the meeting notice.

This announcement does not contain, constitute or form a part of any offer or
solicitation to purchase, subscribe or otherwise trade in notes or other
securities in Millicom International Cellular S.A.

This announcement may not be released, published or distributed, directly or
indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, South
Africa, the United States or any other jurisdiction in which such action would
be unlawful, wholly or partially subject to legal restrictions, or where such
action would require additional prospectuses, registrations or other actions in
addition to what is required by Swedish law. Nor may the information in this
announcement be forwarded, reproduced or disclosed in a manner that contravenes
such restrictions or would entail such requirements. Failure to comply with this
instruction may result in a violation of applicable securities laws.
For more information please contact:
Press Enquiries:
Julian Eccles, VP Corporate Communications
Tel: +352 277 59084 (Luxembourg) / +44 7720 409 374
press@millicom.com

Investor Enquiries:
Investor Relations
Nicolas Didio, Director, Head of Investor Relations
Tel: +352 277 59125 (Luxembourg) / +44 203 249 2220
investors@millicom.com
About Millicom

Millicom is a leading telecommunications and media company dedicated to emerging
markets in Latin America and Africa. Millicom sets the pace when it comes to
providing innovative and customer-centric digital lifestyle services to the
world’s emerging markets. The Millicom Group employs more than 16,000 people and
provides mobile, cable and satellite services to over 56 million customers.
Founded in 1990, Millicom International Cellular SA is headquartered in
Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2014,
Millicom generated revenue of $6.4 billion and EBITDA of $2.1 billion.