PARTICIPATION IN MILLICOM INTERNATIONAL CELLULAR S.A. PRIVATE PLACEMENT

NOT FOR DISTRIBUTION IN USA, CANADA OR JAPAN

Investment AB Kinnevik (“Kinnevik”) today announced that it is fully supportive of the private placement announced today by Millicom International Cellular S.A. (“Millicom”), a company in which Kinnevik is an approximately 35% shareholder. Kinnevik intends to participate in the offering. Kinnevik will agree not to sell any Ordinary Shares and/or SDRs of Millicom, or securities convertible into or exchangeable for such Ordinary Shares and/or SDRs, for a period of 120 days For further information, please visit www.kinnevik.se or contact: Vigo Carlund, President & CEO +46 (0) 8 562 000 00 Henrik Persson, Investor Relations +46 (0) 8 562 000 87 +46 (0) 707 62 00 87