MILLICOM DE-LISTING FROM LUXEMBOURG STOCK EXCHANGE

New York, Stockholm and Luxembourg – January 5th 2006 - The Board of Directors of Millicom International S.A. has decided to request the de-listing of Millicom's equity shares from the Luxembourg Stock Exchange ("Bourse de Luxembourg") due to the fact that the trading of the Millicom shares on the Luxembourg Stock Exchange was insufficiently liquid. The Millicom shares will continue to be listed on NASDAQ (trading symbol: MICC) and on the Stockholm Stock Exchange (OMX Stockholm) in the form of Swedish Depositary Receipts. The Luxembourg Stock Exchange has delivered its approval of the de-listing of the Millicom shares, which will become effective on January 16, 2006. A notice to this effect will be posted starting on January 5 on the website of the Luxembourg Stock Exchange (www.bourse.lu/notices). ----------- Millicom International Cellular S.A. is a global telecommunications investor with cellular operations in Asia, Latin America and Africa. It currently has cellular operations and licenses in 16 countries. The Group’s cellular operations have a combined population under license of approximately 391 million people. This press release may contain certain “forward-looking statements” with respect to Millicom’s expectations and plans, strategy, management’s objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that Millicom’s actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors. Please refer to the documents that Millicom has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Millicom’s most recent annual report on Form 20-F, for a discussion of certain of these factors. All forward-looking statements in this press release are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A members or persons acting on Millicom’s behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements. CONTACTS: Marc Beuls President and Chief Executive Officer Millicom International Cellular S.A., Luxembourg Telephone: +352 27 759 327 Andrew Best Investor Relations Telephone: +44 20 7321 5022 Visit our web site at: www.millicom.com