Millicom announces the success of its tender offers

Luxembourg, 28 April 2016 – Millicom International Cellular S.A. announces today
that its tender offers for its outstanding SEK bonds have been a success, with
holders of 84.2%, representing SEK 1,684,000,000 in aggregate principal amount
of all SEK bonds, accepting Millicom's offers in either the Early Tender Offer
and the Regular Tender Offer.
In the Regular Tender Offer, Millicom offered to holders of its SEK 250,000,000
5.125% Senior Unsecured Fixed Rate Notes due 2017 (ISIN SE0004809655) (the
"Fixed Rate Notes") and its SEK 1,750,000,000 STIBOR +3.500% Senior Unsecured
Floating Rate Notes due 2017 (ISIN SE0004809663) (the "Floating Rate Notes", and
together with the Fixed Rate Notes, the "Notes") to tender for purchase by
Millicom any and all of their Notes by 4:00 p.m. CET on 27 April 2016 (the
"Regular Tender Deadline").

At the Regular Tender Deadline, SEK 17,000,000 in aggregate principal amount of
the Fixed Rate Notes and SEK 96,000,000 in aggregate principal amount of the
Floating Rate Notes had been validly tendered. Millicom has decided to accept
for purchase in full all such validly tendered Notes and will pay to such
holders 105.8% of the nominal amount of the Fixed Rate Notes and 102.8% of the
nominal amount of the Floating Rate Notes, in each case together with any
accrued interest.  In the Early Tender Offer, which settled on 21 April 2016,
Millicom had accepted for purchase SEK 169,000,000 and SEK 1,402,000,000 in
aggregate principal amount of Fixed Rate Notes and Floating Rate Notes,
respectively.

The Regular Tender Offer is expected to settle on 2 May 2016. After settlement,
SEK 64,000,000 in aggregate principal amount of the Fixed Rate Notes (25.6%) and
SEK 252,000,000 in aggregate principal amount of the Floating Rate Notes (14.4%)
will remain outstanding.

The Tender Agent for the tender offers is Nordea Bank AB (publ), and the Dealer
Managers for the tender offer are DNB Bank ASA, Sweden Branch, and Nordea Bank
Danmark A/S.
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 telecom 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 services to over 62 million customers. Founded in 1990, Millicom
International Cellular SA is headquartered in Luxembourg and listed on NASDAQ
OMX Stockholm under the symbol MIC. In 2015, Millicom generated revenue of USD
6.73 billion and Adjusted EBITDA of USD 2.27 billion.