Millicom Annual General Meeting and the subsequent Extraordinary General Meeting of Shareholders

Luxembourg, May 17, 2016 – Millicom International Cellular S.A. (“Millicom”),
the international telecommunications and media company (Stockholmsbörsen: MIC)
today held its Annual General Meeting and a subsequent Extraordinary General
Meeting of Shareholders in Luxembourg.
The Annual General Meeting (the “AGM”) and the Extraordinary General Meeting
(the “EGM”) resolved in accordance with all proposals of the Board and the
Nomination Committee.

The AGM approved the annual accounts and the consolidated accounts for the
financial year ended 31 December 2015 and resolved to distribute a dividend
amount of USD 2.64 per share to shareholders/SDR. Payment of the dividends is
planned for around 25 May 2016. On a parent company basis, Millicom generated a
loss of USD 401,394,955 which was resolved to be allocated to the profit or loss
brought forward account.

The AGM re-elected Mr. Tomas Eliasson, Mr. Lorenzo Grabau, Mr. Alejandro Santo
Domingo and Mr. Odilon Almeida as Directors and elected Mr. Thomas Boardman, Ms.
Janet Davidson, Mr. José Miguel Garcia Fernández and Mr. Simon Duffy as new
Directors for a term ending on the day of the next AGM to take place in 2017
(the “2017 AGM”).

Mr. Thomas Boardman was elected as Chairman of the Board of Directors for a term
ending on the day of the 2017 AGM.

The AGM approved the re-election of Ernst & Young S.à.r.l., Luxembourg as the
external auditor of Millicom for a term ending on the day of the 2017 AGM.

The AGM resolved to discharge all the Directors of Millicom for the performance
of their mandates during the financial year ended 31 December 2015.

The AGM also resolved to:

Approve remuneration to the Board and auditor and procedures for the Nomination
Committee.

Approve the guidelines for the remuneration of senior management.

Approve a Share Repurchase Plan.

The EGM resolved to change the date on which Millicom's annual general meeting
shall be held to the first Thursday of May each year and to amend article 19 of
the articles of association (the “Articles”) accordingly. Further the EGM
resolved to change the signing powers in relation to copies or extracts of
resolutions of the Board of Directors so as to empower the Chairman, the
chairman of the relevant meeting of the Board of Directors and any two members
of the Board of Directors in this respect and to amend article 9 paragraph 2 of
the Articles accordingly.

All other resolutions proposed to Millicom’s AGM and EGM as set out in the
convening notice published by way of a press release on 13 April 2016, were duly
passed. Further details can be found in the convening notice for the AGM/EGM.

Biographical details of the new Directors are as follows:

Tom Boardman

Tom Boardman has been a Director of the Board of Investment AB Kinnevik since
2011, and has been proposed to be elected Chairman of Kinnevik’s Board in May
2016. He is also a Non-Executive Director of Nedbank Group, Woolworths Holdings,
Royal Bafokeng Holdings and African Rainbow Minerals, and was a Non-Executive
Director of Vodacom Group between 2009 and 2011. Tom held various managerial
positions within the South African mining and retailing industries during 1973
-1986. Between 1986 and 2002 he held managerial positions within the BoE Bank
and during 2003-2010 he was Chief Executive of Nedbank Group. Tom is a South
African national with a B Com and CTA from University of Witwatersrand, South
Africa.

Janet Davidson

Janet Davidson is currently a Supervisory Board member of STMicroelectronics.
Janet held various managerial positions in Alcatel Lucent from 1979-2011
including the role as Chief Strategy Officer, Chief Compliance Officer and
Executive Vice President, Quality & Customer Care. Janet is a US national with
an MSc in Electrical Engineering from Georgia Institute of Technology.

Simon Duffy

Simon Duffy is the Non-Executive Chairman of YouView TV and a Non-Executive
director of Modern Times Group, Oger Telecom, and Wizz Air. Simon was Executive
Chairman of Tradus until the company’s sale in March 2008. He was also Executive
Vice Chairman of ntl:Telewest until 2007, having joined ntl in 2003 as CEO.
Simon has also served as CFO of Orange, CEO of wireless data specialist End2End,
CEO and Deputy Chairman of WorldOnline International, and held senior positions
at EMI Group and Guinness. Simon is a UK national with a BA from Oxford
University and an MBA from Harvard University.

Jose Miguel García Fernández

Jose Miguel García Fernández recently stepped down as Co-Chief Executive Officer
of Orange España. Between 2006 and 2015 he was CEO of the Spanish
telecommunications operator Jazztel, and he held various managerial positions
within Cable & Wireless from 2000-2006 including CEO of UK & Ireland as well as
of Panama. Jose is a Spanish national with a BSc in Electrical & Electronic
Engineering and Postgraduate in Digital Telecommunications from Monash
University.
For more please visit: www.millicom.com or contact

Press Enquiries:

Tabitha Aldrich-Smith, Interim Communications Director

Tel: +352 277 59084 (Luxembourg) / +44 7971 919 610 / press@millicom.com

Investor Enquiries:

Nicolas Didio, Director, Head of Investor Relations

+44 7795 385217

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 more than 62 million customers. Founded in 1990,
Millicom International Cellular SA is headquartered in Luxembourg and listed on
Nasdaq Stockholm under the symbol MIC. In 2015, Millicom generated revenue of
USD 6.73 billion and Adjusted EBITDA of USD 2.27 billion.