Millicom International Cellular S.A. Announces Results Year-Ended December 31, 2002


BERTRANGE, Luxembourg, Feb. 12, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. (Nasdaq:MICC):

- 28% Annual Increase in Total Subscribers

- 11% Annual Increase in EBITDA to $261.6 Million

- EBITDA Margin of 46%* * Annual Revenue of $573.7 Million

- 63% Annual Growth in Prepaid Minutes

- 29% Increase in Quarterly Revenue in Asia from Q4 2001

- 54% Increase in Quarterly EBITDA in Asia from Q4 2001


 Marc Beuls            Telephone: +352 27 759 101
 President and Chief Executive Officer        
 Millicom International Cellular S.A.,        
 Luxembourg
                                              
 Jim Millstein         Telephone: +1 212 632 6000
 Lazard, New York                            
                                              
 Peter Warner          Telephone: +44 20 7588 2721
 Daniel Bordessa                              
 Cyrus Kapadia                                
 Lazard, London                               
                                              
 Andrew Best           Telephone: +44 20 7321 5022
 Investor Relations                           
 Shared Value Ltd, London                     

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