Appointment of new chairman of Millicom International Cellular S.A.
APPOINTMENT OF NEW CHAIRMAN OF MILLICOM INTERNATIONAL CELLULAR S.A. New York, London and Luxembourg - August 22, 2002 - Millicom International Cellular S.A. ("MIC") (Nasdaq Stock Market: MICC), the global telecommunications investor, today announces that, following the death of MIC's Chairman, Jan Hugo Stenbeck, on Monday 19th August, Håkan Ledin, the current Vice Chairman, has been appointed as Chairman of the Board of Millicom International Cellular S.A. A Board meeting to determine the appointment was held in Stockholm today. Notes to editors: Håkan Ledin (age 64) became Executive Vice President of MIC when Millicom International Holdings Limited, a subsidiary of Millicom (of which he was President from 1987 to December 1990) became part of MIC. He became Vice Chairman in May 1995. He was previously Group Executive Vice President and a director of Telefonaktiebologat L M Ericsson Inc, that company's subsidiary in the United States. He is also Vice Chairman of Tele2 AB. Millicom International Cellular S.A. is a global telecommunications investor with cellular operations in Asia, Latin America and Africa. It currently has a total of 19 cellular operations and licenses in 18 countries. The Group's cellular operations have a combined population under license (excluding Tele2) of approximately 496 million people. In addition, MIC operates the world's largest GSM clearing house and has licenses to provide high-speed wireless data services in eight countries. MIC also has an 11.8 % interest in Tele2 AB, the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services to over 15 million people in 21 countries. The Company's shares are traded on the Nasdaq Stock Market under the symbol MICC. CONTACTS: Marc Beuls Telephone: +352 27 759 101 President and Chief Executive Officer Millicom International Cellular S.A., Luxembourg Andrew Best Telephone: +44 20 7321 5010 Investor Relations Shared Value Ltd, London Visit our web site at http://www.millicom.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/08/22/20020822BIT01440/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/22/20020822BIT01440/wkr0002.pdf