Millicom completes issue of 8-year bond

Stockholm, October 16, 2013 – Millicom, the leading international
telecommunications and media company (Stockholmsbörsen: MIC), announced today
that it has successfully completed the issuance of a new US dollar denominated
bond.
The company successfully completed the issuance of an eight year $800m bond with
a fixed coupon of 6.625%. The demand for the bond reached $2.4bn.

Millicom intends to use the proceeds to finance its proposed merger transaction
in Colombia.
For further information, please visit www.millicom.com or contact:

Press Enquiries:
Julian Eccles, VP, Corporate Communications
+44 7720 409 374
press@millicom.com

Investor Enquiries:
Justine Dimovic, Director, Head of Investor Relations
+352 27 759 479
investors@millicom.com
About Millicom

Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing digital lifestyle services to the world’s
emerging markets, giving access to the world, primarily through mobile devices.
Operating in 15 countries, Millicom offers innovative and customer-centric
products. The Millicom Group employs more than 10,000 people and provides mobile
services, access to the internet, content and financial services to over 45
million customers. Founded in 1990, Millicom International Cellular SA is
headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol
MIC. In 2012, Millicom generated revenue of $4.81 billion and EBITDA of $2.07
billion.

This press release contains “forward-looking statements”, which are statements
that are not historical facts, including statements concerning the parties'
ability to complete the proposed transaction; the anticipated timing of the
proposed transaction; the expected benefits and costs of the proposed
transaction; management plans relating to the proposed transaction;  any
statements of operations, including the execution of integration plans; any
statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing.  Any statement in this announcement that
expresses or implies any party's intentions, beliefs, expectations or
predictions (and the assumptions underlying them) is a forward-looking
statement.  Forward-looking statements involve inherent risks, uncertainties and
assumptions which could cause actual results to differ materially from those
expressed or implied by such forward-looking statements and assumptions. The
forward-looking statements contained in this announcement are made as of the
date hereof, and each party expressly disclaims any obligation to update or
correct any forward-looking statements made herein due to the occurrence of
events after the issuance of this announcement.  This announcement is for
informational purposes only and is not an offer to sell or the solicitation of
an offer to buy any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.