Notification of Shareholding Transaction by Millicom CEO

Luxembourg 4 May, 2017 Millicom International Cellular S.A. ("Millicom") announced today that its Chief Executive Officer, Mauricio Ramos, purchased 9,000 shares of Millicom at an average price of SEK 499.80. Mr. Ramos now holds 64,519 Millicom shares.

For further information, please contact

Press:
Vivian Kobeh, Corporate Communications Director
Tel: +1 305 476 7352 / +1 305 302 2858 / press@millicom.com

Investors:
Michel Morin, VP Investor Relations
+352 277 59094/ investors@millicom.com

Mauricio Pinzon, Investor Relations Manager
Tel: +44 20 3249 2460 / 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 through its principal brand, Tigo.  Millicom employs about 18,000 people and provides mobile services to more than 57 million customers, with a Cable footprint of more than 8.1 million homes passed. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC.  In 2016, Millicom generated revenue of USD 6.25 billion and Adjusted EBITDA of USD 2.22 billion.

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About Us

Millicom International Cellular S.A. is a global telecommunications group with mobile telephony operations in 14 countries in Latin America, Africa and Asia. It also operates cable and broadband businesses in five countries in Central America. The Group’s mobile operations have a combined population under license of approximately 267 million people.