Millicom notifies bondholders of early bond redemption

Luxembourg, 19 September 2016 – Millicom International Cellular S.A. has
notified holders of its SEK 250,000,000 5.125% Senior Unsecured Fixed Rate Notes
due 2017 and its SEK 1,750,000,000 STIBOR +3.500% Senior Unsecured Floating Rate
Notes due 2017 of the early voluntary redemption of the notes in full. The
outstanding notes totalling SEK316 million of principal will be redeemed on 24
October 2016, at which time the redemption price will be paid to holders of
record as at 17 October 2016. The redemption price will be an amount equal to
the outstanding principal of the notes plus accrued but unpaid interest thereon
and the applicable premium (as defined in the Notes Terms and Conditions, which
can be found on our website www.millicom.com).  For the Fixed Rate Notes, the
redemption price will be approximately SEK 1,054,742 (plus accrued but unpaid
interest) for each SEK1,000,000 of principal. For the Floating Rate Notes, the
redemption price for each SEK1,000,000 of principal will be approximately
SEK1,032,585 (plus accrued but unpaid interest). In conjunction with the
redemption, the Notes will be delisted from the corporate bond list at Nasdaq
Stockholm.
For more information about the Notes please contact:

Intertrust CN (Sweden) AB

Anna Litewka, Director

Tel: + 46 (0)8 402 72 00 (Sweden) / trustee@intertrustgroup.com

For more information about Millicom please contact:

Press Enquiries

Tabitha Aldrich-Smith, Interim Communications Director

Tel: +352 277 59084 (Luxembourg) / +44 7971 919 610 / press@millicom.com

Investor Relations

David Boyd

Tel: +352 277 59125 (Luxembourg) / +44 203 249 2220 / investors@millicom.com
About Millicom

Millicom is a leading telecom and media company dedicated to emerging markets in
Latin America and Africa. Millicom employs more than 16,000 people and provides
mobile services to over 57 million customers, with a Cable footprint of more
than 7.5 million homes passed. Founded in 1990, Millicom International Cellular
SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the
symbol MIC. In 2015, Millicom generated revenue of USD 6.73 billion and Adjusted
EBITDA of USD 2.27 billion.