CAPITAL MARKETS DAY 2009

CAPITAL MARKETS DAY 2009

New York and Stockholm, 27 October 2009 - Millicom International Cellular S.A.
(“Millicom”) (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) is today
holding its 5th Annual Capital Markets Day in Miami. 

The theme of the event is ‘Leaders in Innovation'.  During the day, Millicom
will highlight growth opportunities for the Group, with a particular emphasis on
the development of VAS and its approach to innovation.  The event will also
demonstrate our management capability across the business and provide detailed
operational insights.   

The presentations will be webcast live at www.millicom.com from 8.30am (New
York), 12.30pm (London), 1.30pm (Stockholm) and will be accessible on-demand
once the event has been concluded.

CONTACTS


Francois-Xavier Roger
Chief Financial Officer
Telephone:  +352 27 759 327

Peregrine Riviere
Head of External Communications
Telephone:  +352 691 750 098

Emily Hunt	
Investor Relations
Telephone:  +44 7879 426358

Millicom International Cellular S.A., Luxembourg

Visit our web site at http://www.millicom.com


Millicom International Cellular S.A. is a global telecommunications group with
mobile telephony operations in 15 countries in Asia, Latin America and Africa.
It also operates cable and broadband businesses in five countries in Central
America.  The Group's mobile operations have a combined population under license
of approximately 287 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. employees or representatives 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.