EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

Stockholm, December 2, 2011 – Millicom International Cellular S.A. (“Millicom”)
(Stockholmsbörsen: MIC) today held its Extraordinary General Meeting ("EGM") of
shareholders in Luxembourg.

By a simple majority of the votes cast, the EGM resolved to:

1.        appoint Mr. Jean-Michel Schmit as the Chairman of the EGM and to
authorise the Chairman to elect a Secretary and a Scrutineer of the EGM

2.         distribute a gross dividend to the Company's shareholders of USD 3
per share, as per the proposal of the Company's Board of Directors,
corresponding to an aggregate dividend of approximately USD 308,000,000, to be
paid out of the Company's profits for the year ended December 31, 2010 in the
amount of USD 435,219,669, which have been carried forward as per the decision
of the Annual General Shareholder’s Meeting of May 31, 2011.

The dividend will be paid to shareholders and SDR holders who are registered in
the shareholder and SDR registries kept by Millicom, Euroclear or American Stock
Transfer & Trust Company (AST) as of December 7, 2011 (the “Dividend Payment
Record Date”). The ex-dividend date is estimated to be December 5, 2011. Payment
of the dividend is expected to occur on December 13, 2011.

Further details can be found in the convening notice for the EGM, issued on
November 2, 2011.

CONTACTS

Millicom International Cellular SA

Allen
Sangines-Krause                                                              
Telephone:  +352 27 759 327
Chairman of the Board of Directors

Francois-Xavier
Roger                                                                 Telephone:
 +352 27 759 327
Chief Financial Officer

Emily
Hunt                                                                            
    Telephone:  +44 7779 018 539
Investor Relations

Visit our website at www.millicom.com (http://www.millicom.com/)