Millicom announces consent solicitation for its $500,000,000 4.750% Senior Notes due 2020 and its $800,000,000 6.625% Senior Notes due 2021

Luxembourg, 21 July 2015 – Millicom International Cellular S.A. ("Millicom")
today announces that it will solicit consents from the holders of its
$500,000,000 4.750% Senior Notes due 2020 (ISIN US600814AK33 and XS0921332069)
and its $800,000,000 6.625% Senior Notes due 2021 (ISIN US600814AL16 and
XS0980363344) (each, a "Series of Notes" and together, the "Notes") to amend
(the "Proposed Amendments") certain provisions of the indentures governing the
Notes.
The consent solicitations (the "Consent Solicitations") are being made solely on
the terms and subject to the conditions set forth in the consent solicitation
statement dated 21 July 2015 (the "Consent Solicitation Statement").
Millicom is seeking consents from the holders of the Notes in order to align the
net leverage ratio in its debt incurrence covenant for the Notes with the
applicable provisions in certain of its other bond and debt facilities,
including its $500,000,000 6.0% Senior Notes due 2025.  The Proposed Amendments
will increase the maximum Net Leverage Ratio threshold (as defined in the
indentures) from 2.5:1 to 3.0:1.
Each indenture requires the valid consent of the holders of a majority in
aggregate principal amount outstanding of the relevant Notes for the adoption of
the Proposed Amendments and for the execution of a supplemental indenture giving
effect to the Proposed Amendments.  For further details of the Proposed
Amendments, Holders should refer to the Consent Solicitation Statement.
Millicom will pay a cash payment equal to $5 per $1,000 principal amount of
Notes (the "Consent Consideration") to holders of the Notes for which consents
to the Proposed Amendments have been validly delivered (and not validly revoked)
prior to July 30, 2015, unless extended or earlier terminated (the "Expiration
Date"), provided that the conditions described in the Consent Solicitation
Statement are satisfied or waived with respect to one or both Series of Notes
prior to the Expiration Date and a supplemental indenture with respect to the
relevant Series of Notes is executed and becomes effective, as described in the
Consent Solicitation Statement. Millicom intends to pay the Consent
Consideration within three business days following the Expiration Date.  Holders
of Notes who do not deliver a consent prior to the Expiration Date will not
receive the Consent Consideration, even though the Proposed Amendments, if they
become operative, will bind all holders of the Notes and any subsequent
holders.

Millicom reserves the right to modify or terminate the terms of its consent
solicitation at any time.  This press release will also be posted on the website
of the Luxembourg Stock Exchange.

The information and tabulation agent for the consent solicitation is Citibank
N.A., London Branch. Any questions or requests for assistance or copies of the
consent solicitation statement may be directed to Citibank N.A., London Branch
at +44 20 7508 3867 or by e-mail to exchange.gats@citi.com.
Millicom has retained Citigroup Global Capital Markets Limited and Goldman Sachs
International to act as solicitation agents in connection with the consent
solicitation. Questions regarding the consent solicitation may be directed to
Citigroup Global Markets Limited at +44 20 7986 8969, +1 800 558 3745 (US toll
free) or +1 212 723 6106 (collect) or by email to
liabilitymanagement.europe@citi.com, or to Goldman Sachs International at +44 20
7774 9862, +1 800 828 3182 (US toll free) or +1 212 902 6941 (collect) or by
email to liabilitymanagement.eu@gs.com.

This press release is for information purposes only and is not an offer to sell
or a solicitation of an offer to buy any security, nor is it a solicitation of
consents with respect to any Notes. The consent solicitation is being made
solely by the Consent Solicitation Statement. This press release and the Consent
Solicitation Statement contain important information which should be read
carefully before any decision is made with respect to the Proposed Amendments.
Those documents should be consulted for additional information regarding the
consent procedures and the conditions for the consent solicitation. To receive
copies of the Consent Solicitation Statement or for questions relating to the
consent solicitation, please contact the solicitation agents or the information
and tabulation agent using the contact information given above. Any individual
or company whose Notes are held by a broker, dealer, bank, custodian, trust
company or other nominee must contact such entity and instruct such entity, as
the holder of such Notes, to consent in accordance with the customary procedures
of Euroclear, Clearstream or DTC, as applicable. If any holder is in any doubt
as to the action it should take or is unsure of the impact of the implementation
of the Proposed Amendments, it is recommended for such holder to seek its own
financial and legal advice, including as to any tax consequences, immediately
from its stockbroker, bank, manager, solicitor, accountant or other independent
financial or legal adviser. None of Millicom, the solicitation agents, the
trustee, the information and tabulation agent or any person who controls, or is
a director, officer, employee, agent of any such person, or any affiliate of any
such person makes any recommendation whether holders of the Notes should consent
to the Proposed Amendments. Millicom is not making the consent solicitation to,
nor will Millicom accept deliveries of any consent from, holders in any
jurisdiction in which the solicitation of consents or the acceptance thereof
would not be in compliance with the laws of such jurisdiction.

For more information please contact::

Press Enquiries:

Tabitha Aldrich-Smith, Interim Communications Director
Tel: +352 277 59084 (Luxembourg) / +44 7971 919 610 / press@millicom.com

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 S.A. is headquartered in
Luxembourg and listed on the Nasdaq Stockholm Exchange under the symbol MIC. In
2014, Millicom generated revenue of $6.4 billion and EBITDA of $2.1 billion.