Millicom International Cellular S.a. Announces Results For The Year Ended December 31, 2002

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MILLICOM INTERNATIONAL CELLULAR S.A. ANNOUNCES RESULTS FOR THE YEAR ENDED DECEMBER 31, 2002 * 28% Annual Increase in Total Subscribers* * 11% Annual Increase in EBITDA to $261.6 Million* * EBITDA Margin of 46%* * Annual Revenue of $573.7 Million* * 63% Annual Growth in Prepaid Minutes* * 29% Increase in Quarterly Revenue in Asia from Q4 2001 * 54% Increase in Quarterly EBITDA in Asia from Q4 2001 CONTACTS: Marc Beuls Telephone: +352 27 759 101 President and Chief Executive Officer Millicom International Cellular S.A., Luxembourg Jim Millstein Telephone: +1 212 632 6000 Lazard, New York Peter Warner Telephone: +44 20 7588 2721 Daniel Bordessa Cyrus Kapadia Lazard, London Andrew Best Telephone: +44 20 7321 5022 Investor Relations Shared Value Ltd, London ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/12/20030212BIT00780/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/02/12/20030212BIT00780/wkr0002.pdf The full report

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