Millicom International Cellular: Millicom strengthens strategy and communication functions

  Millicom International Cellular: Millicom strengthens strategy and
  communication functions

Business Wire

LEUDELANGE, Sweden -- February 27, 2013

Millicom, the international telecommunications and media company
(Stockholmsbörsen: MIC) announced today, the appointment of two senior
executives to new roles leading its strategy and corporate communication
functions - both reporting to the group President and CEO, Hans-Holger

Martin Weiss will join the company asEVP, Strategy & Corporate Development in
June. Martin was previously founding Partner at Solon Management Consulting
where he developed extensive experience advising telecommunications and media
companies internationally including consultancy to Millicom. He began his
business career at McKinsey & Company. Martin will be a member of the
Executive Committee.

In March Julian Eccleswill join asVP, Corporate Communications.Julian’s
experience includes being Director of Communications and Corporate Affairs at
BSkyB plc, Communications Director at Britain’s telecoms regulator Ofcom and a
Special Adviser to the UK Government’s Department for Culture, Media and
Sport. Julian will be responsible for Millicom’s public and media relations
and internal communications.

Commenting on the appointments, Hans-Holger Albrecht, President and CEO, said:

“I am delighted that we have been able to recruit executives of the calibre of
Martin and Julian. Millicom is entering a new era and needs to be dynamic in
its response to market conditions and opportunities. We also have a great
story to tell, so I am very pleased that Martin and Julian are to become part
of the senior Millicom team as we approach this exciting new phase.”

About Millicom

Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing digital lifestyle services to the world’s
emerging markets, giving access to the world, primarily through mobile
devices. Operating in 15 countries, Millicom offers innovative and
customer-centric products. The Millicom Group employs more than 8,000 people
and provides mobile services, access to the internet, content and financial
services to over 45 million customers. Founded in 1990, Millicom International
Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm
under the symbol MIC. In 2011, Millicom generated revenue of USD 4.53 billion
and EBITDA of USD 2.09 billion.

This press release contains “forward-looking statements”, which are statements
that are not historical facts, including statements concerning the parties'
ability to complete the proposed transaction; the anticipated timing of the
proposed transaction; the expected benefits and costs of the proposed
transaction; management plans relating to the proposed transaction; any
statements of operations, including the execution of integration plans; any
statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing. Any statement in this announcement that
expresses or implies any party's intentions, beliefs, expectations or
predictions (and the assumptions underlying them) is a forward-looking
statement. Forward-looking statements involve inherent risks, uncertainties
and assumptions which could cause actual results to differ materially from
those expressed or implied by such forward-looking statements and assumptions.
The forward-looking statements contained in this announcement are made as of
the date hereof, and each party expressly disclaims any obligation to update
or correct any forward-looking statements made herein due to the occurrence of
events after the issuance of this announcement. This announcement is for
informational purposes only and is not an offer to sell or the solicitation of
an offer to buy any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.

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For further information, please visit or contact:
President and Chief Executive Officer
Hans-Holger Albrecht
Tel: 46 856 200 012
Press Enquiries:
Julian Eccles, VP, Corporate Communications
Tel: 44 7720 409374
Investor Enquiries:
Justine Dimovic
Tel: 352 27 759479
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