Millicom International Cellular – strategic review

Millicom International Cellular S.A. (“Millicom” or the “Company”) announces that, following recent receipt of a high number of unsolicited approaches, the Board has decided to conduct a review of strategic options for the Company and has appointed Morgan Stanley as financial advisor. The Company remains confident in its current strategy and growth prospects and the outcome of the review may not lead to any transaction. Further announcements will be made as appropriate. Enquiries: Millicom +352 27 759 327 Daniel Johannesson, Chairman Marc Beuls, President & Chief Executive Officer Andrew Best, Investor Relations +44 (0)7798 576378 / + 44 20 7321 5022 Morgan Stanley Scott Matlock / Scott Bruckner +44 20 7425 8000 Brunswick Group Jon Coles / Tim Burt +44 20 7404 5959 Note to Editors: 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.