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<SEC-DOCUMENT>0000950103-06-001810.txt : 20060724
<SEC-HEADER>0000950103-06-001810.hdr.sgml : 20060724
<ACCEPTANCE-DATETIME>20060724130110
ACCESSION NUMBER:		0000950103-06-001810
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060724
FILED AS OF DATE:		20060724
DATE AS OF CHANGE:		20060724

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILLICOM INTERNATIONAL CELLULAR SA
		CENTRAL INDEX KEY:			0000912958
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22828
		FILM NUMBER:		06976060

	BUSINESS ADDRESS:	
		STREET 1:		75 ROUTE DE LONGWY
		STREET 2:		BOX 23 BERTRANGE
		CITY:			GRAND DUCHY OF LUXEN
		STATE:			N4
		ZIP:			L8080
		BUSINESS PHONE:		3524571451
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>dp03163_6k.htm
<TEXT>
<html>
<head>
<title></title>
</head>
<body>
<hr align="center" width="100%" size="4" noshade color="#000000" style="margin-top: -2px">
<hr align="center" width="100%" size="1" noshade color="#000000" style="margin-top: -10px">
<p>&nbsp;</p>
<p align="center"><font face="Times New Roman, Times, serif" size="3"><b>FORM 6-K<br>
  <br>
</b></font></p>
<div align="center"><font face="Times New Roman, Times, serif" size="3"><b>SECURITIES AND EXCHANGE COMMISSION<br>
  Washington, D.C. 20549</b></font>
  <br>
</div>
<p align="center"><font face="Times New Roman, Times, serif" size="3"><b>Report of Foreign Issuer</b></font></p>
<p align="center"><font face="Times New Roman, Times, serif" size="3"><b>Pursuant to Rule 13a-16
      or 15d-16 of<br>
the Securities
      Exchange Act of 1934</b></font></p>
<p align="center"><font face="Times New Roman, Times, serif" size="3">For July
    24, 2006</FONT></p>
<p align="center"><font face="Times New Roman, Times, serif" size="3">Commission File Number: 000-22828</font></p>

    <div align="center"><font size="3" face="Times New Roman, Times, serif"><B>MILLICOM INTERNATIONAL</B></font></div>

    <div align="center"><B><font size="3" face="Times New Roman, Times, serif">CELLULAR S.A.</font></B></div>

    <div align="center"><b><font size="3" face="Times New Roman, Times, serif">75 Route de Longwy</font></b></div>

    <div align="center"><b><font size="3" face="Times New Roman, Times, serif">Box 23, L-8080 Bertrange</font></b></div>

    <div align="center"><b><font size="3" face="Times New Roman, Times, serif"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grand-Duchy of Luxembourg&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></font></b></div>
        <div align="center"><font face="Times New Roman, Times, serif" size="2">(Address of principal executive offices)</font>
    </div>
    <blockquote>
      <blockquote>
        <blockquote>
          <p><font size="3" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
                    by check mark whether the registrant files or will file annual reports
                under cover of Form 20-F or Form 40-F.</font></p>
        </blockquote>
      </blockquote>
    </blockquote>
<div align=center>
  <table width="60%" border=0 cellpadding=0 cellspacing=0>
        <tr align="center">
          <td width="30%" align="right" valign="top"><font size="3" face="Times New Roman, Times, serif">Form
              20-F <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u> </font></td>
          <td width="40%" align="left" valign="top">&nbsp;</TD>
          <td width="30%" align="left" valign="top"><font size="3" face="Times New Roman, Times, serif">Form
              40-F <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></TD>
        </tr>
  </table>
</div>
<blockquote>
  <blockquote>
        <blockquote>
          <p><font size="3" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
                by check mark if the registrant is submitting the Form 6-K in paper as permitted
            by Regulation S-T Rule 101(b)(1): ___</font></p>
          <p><font size="3" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
          by check mark if the registrant is submitting the Form 6-K in paper as permitted
      by Regulation S-T Rule 101(b)(7): ___</font></p>
          <p><font size="3" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
          by check mark whether the registrant by furnishing the information contained
          in this Form is also thereby furnishing the information to the Commission
      pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font>
          </p>
    </blockquote>
  </blockquote>
</blockquote>
<div align=center>
  <table width="60%" border=0 cellpadding=0 cellspacing=0>
    <tr align="center">
      <td width="25%" align="right" valign="top"><font size="3" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></TD>
      <td width="50%" align="left" valign="top">&nbsp;</TD>
      <td width="25%" align="left" valign="top"><font size="3" face="Times New Roman, Times, serif">No <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u></font></TD>
    </tr>
  </table>
</div>
<blockquote>
  <blockquote>
    <blockquote>
      <p><font size="3" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If &#147;Yes&#148; is
                  marked, indicate below the file number assigned to the registrant
          in connection with Rule 12g3-2(b): 82- ____________</font><font size="2" face="Times New Roman, Times, serif"><br>
        <br>
      </font></p>
    </blockquote>
  </blockquote>
</blockquote>
<hr align="center" width="100%" size="1" noshade color="#000000" style="margin-top: -2px">
<hr align="center" width="100%" size="4" noshade color="#000000" style="margin-top: -10px">
<br>
<br>
<p style="page-break-before:always"></p>
<PAGE>
<br>

<p align="center"><font face="Times New Roman, Times, serif" size="2">MILLICOM INTERNATIONAL CELLULAR S.A.</font></p>
<p align="center"><font face="Times New Roman, Times, serif" size="2">INDEX TO EXHIBITS</font></p>
<p><font face="Times New Roman, Times, serif" size="2"><u>Item</u></font></p>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
        <TD width="4%" valign=top nowrap>
<FONT face="serif" size=2>1.</FONT></TD>
        <TD width="96%">
<FONT face="serif" size=2>Press release dated July 24, 2006</FONT></TD>
</TR>
<TR>
  <TD valign=top nowrap>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
</TABLE>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>
<p align="center"><font face="Times New Roman, Times, serif" size="2"><u>SIGNATURES<br>
</u></font></p>
<p><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
    to the requirements of the Securities Exchange Act of 1934, the Registrant
    has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</font></p>

<div align="left">
  <table width="95%" border="0" cellspacing="0" cellpadding="0">
    <tr>
      <td width="62%">&nbsp;</td>
      <td colspan="2" align="left" nowrap><font size="2" face="Times New Roman, Times, serif">MILLICOM
        INTERNATIONAL CELLULAR S.A.</font></td>
    </tr>
    <tr>
      <td width="62%" height="23"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td colspan="2" align="left" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</font></td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td width="6%" align="center">&nbsp;</td>
      <td width="32%">&nbsp;</td>
    </tr>
    <tr>
      <td><font size="2" face="Times New Roman, Times, serif">Date: July 24,
                2006</font></td>
      <td colspan="2" align="left"><font size="2" face="Times New Roman, Times, serif">By:&nbsp;/s/
          Marc Beuls </font></td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td colspan="2" align="center"><hr align="left" width=75% size=1 noshade color="#000000"></td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td align="left"><font size="2" face="Times New Roman, Times, serif">Name:</font></td>
      <td align="left"><font size="2" face="Times New Roman, Times, serif">Marc Beuls</font></td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td><font size="2" face="Times New Roman, Times, serif">Title:</font></td>
      <td><font size="2">President and Chief Executive Officer</font></td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td colspan="2" align="left">&nbsp;</td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td colspan="2" align="left">&nbsp;</td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td colspan="2" align="left"><font size="2" face="Times New Roman, Times, serif">By:&nbsp;/s/
          David Sach </font></td>
    </tr>
    <tr>
      <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td colspan="2" align="center"><hr align="left" width=75% size=1 noshade color="#000000"></td>
    </tr>
    <tr>
      <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td align="left"><font size="2" face="Times New Roman, Times, serif">Name:</font></td>
      <td align="left"><font size="2" face="Times New Roman, Times, serif">David Sach </font></td>
    </tr>
    <tr>
      <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td><font size="2" face="Times New Roman, Times, serif">Title:</font></td>
      <td><font size="2" face="Times New Roman, Times, serif">Chief Financial Officer</font></td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
    <tr>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
      <td>&nbsp;</td>
    </tr>
  </table>
  <BR>
  <BR>
</div>
  <hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p><page>
<BR>
<BR>


<div align="right"><strong><br>
     <br>
          <font size="2">Item 1</font>
</strong></div>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
     <tr>
          <td>&nbsp;</td>
     </tr>
     <tr>
          <td><div align="center"><img src="logo.jpg"></div></td>
     </tr>
     <tr>
          <td align="center"><b><font size=2 face="serif">MILLICOM INTERNATIONAL CELLULAR S.A.</font></b></td>
     </tr>
</table>


<div align="center">
</div>

<div align="right"><B><FONT size=2 face="serif">FOR IMMEDIATE RELEASE</FONT></B><BR>
          <B><FONT size=2 face="serif">July 24, 2006</FONT></B></div>
<P align="center">
<B><FONT size=2 face="serif">MILLICOM INTERNATIONAL CELLULAR S.A. ANNOUNCES RESULTS FOR THE PERIOD ENDED JUNE 30, 2006 </FONT></B></P>
<P>
<FONT size=2 face="serif">New York and Stockholm &#150; July 24, 2006 &#150; Millicom International Cellular S.A. (Nasdaq Stock Market: MICC and Stockholmsb&ouml;rsen: MIC), the global telecommunications company, today announces results for the
quarter ended June 30, 2006. </FONT></P>
<UL>
<LI>
<FONT size=2 face="serif">Quarterly total subscriber increase for Q2 06 of 51%, bringing total subscribers to 10.9m</FONT></LI>
<LI>
<FONT size=2 face="serif">39% increase in revenues for Q2 06 to $362m (Q2 05: $261m)</FONT><SUP><FONT size=2 face="serif">&#134;</FONT></SUP></LI>
<LI>
<FONT size=2 face="serif">28% increase in EBITDA for Q2 06 to $157m (Q2 05: $122m) </FONT><SUP><FONT size=2 face="serif">&#134;</FONT></SUP></LI>
<LI>
<FONT size=2 face="serif">Profit for Q2 06 of $34m (Q2 05: $5m)</FONT></LI>
<LI>
<FONT size=2 face="serif">Earnings per common share for Q2 06 of $0.34 (Q2 05: $(0.05)) </FONT><SUP><FONT size=2 face="serif">&#134;</FONT></SUP><br>
<br>
</LI>
<LI>
<FONT size=2 face="serif">29% increase in revenues for the First Half of 2006 to $684m (2005: $529m)</FONT></LI>
<LI>
<FONT size=2 face="serif">20% increase in EBITDA for the First Half of 2006 to $299m (2005: $249m)</FONT></LI>
<LI>
<FONT size=2 face="serif">Profit for the First Half of 2006 of $67m (2005: Loss of $6m)</FONT></LI>
<LI>
<FONT size=2 face="serif">Basic Earnings per common share of $0.67 for the First Half of 2006</FONT> <FONT size=2 face="serif">(2005: Loss per share of $0.06)</FONT></LI>
</UL>
<B><FONT size=2 face="serif">Chief Executive Officer&#146;s Review:</FONT></B><UL>
<LI>
<B><FONT size=2 face="serif">Increasing growth momentum with second quarter 2006 Pro forma</FONT></B><B><SUP><FONT size=2 face="serif">* </FONT></SUP></B><B><FONT size=2 face="serif">revenues and EBITDA</FONT></B> <B><FONT size=2 face="serif">up
respectively by 54% and 53% year on year</FONT></B></LI>
<LI>
<B><FONT size=2 face="serif">EBITDA margin of 44%</FONT></B></LI>
<LI>
<B><FONT size=2 face="serif">62% year-on-year increase in pro forma total subscribers</FONT></B></LI>
<LI>
<B><FONT size=2 face="serif">10.9 million subscribers recorded at June 30, 2006</FONT></B></LI>
<LI>
<B><FONT size=2 face="serif">Capex of $146 million in Q2 06</FONT></B></LI>
<LI>
<B><FONT size=2 face="serif">Record cash upstreaming of $113 million in the First Half of 2006</FONT></B></LI>
</UL>
<P>
<FONT size=2 face="serif">Marc Beuls, Chief Executive, comments: &#147;Underlying pro forma revenues for the second quarter grew by 54% which is an outstanding performance and doubly so as it was matched by pro forma EBITDA growth of 53%. The
primary drivers of this growth have been the 78% increase in revenues in Central America, 54% increase in South America and 52% increase in Africa. EBITDA margins were 52% in Central America, 44% in South America and encouragingly 40% in Africa,
despite the heavy start up costs in building out the new network in Congo.&#148;</FONT></P>
<P>
<FONT size=2 face="serif">&#147;Millicom is today reaping the benefits of past investment in its networks and distribution in Latin America and the successful roll out of the Tigo brand in these markets. We believe that our current investment
programme will enable us to replicate this successful model in other markets. At Q1 we stated that our 2006 capex target would exceed $500m for the year. At the half year we have already invested $241m which does not include over $100m of investment
to be made in building out the new Congo network during the second half. We are now likely to exceed $600m of capex for the year which should further enhance our growth prospects. We have now launched the Tigo brand in five African countries,
Senegal, Ghana, Tanzania, Sierra Leone and Chad, and expect to see the benefits over many years. Following our successful Investor Relations trip to Central America last year we are planning an analyst and investor trip to Ghana and Senegal in
November when we will be able to show how well our African businesses are developing.&#148; </FONT></P>
<P>
<SUP><FONT size=2 face="serif">&#134;</FONT></SUP><I><FONT size=1 face="serif"> Excludes discontinued operations. <br>
</FONT></I><B><SUP><FONT size=2 face="serif">*</FONT></SUP></B><I><FONT size=1 face="serif">Pro
forma numbers for current and previous quarters exclude Millicom&#146;s operation in Vietnam, where the BCC ended on May 18, 2005, include Millicom&#146;s joint
venture in Honduras with a percentage ownership of 66.67%, to reflect the increase in ownership from 50% to 66.67% in May 2005 and exclude Pakcom, Millicom&#146;s
TDMA operation in Pakistan, which Millicom sold at the end of June 2006. </FONT></I></P><br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<P>
<FONT size=2 face="serif">&#147;On a pro forma basis Millicom has grown its subscribers by 62% in the last year and growth is accelerating in Q2 2006, up 15% from the previous quarter. Today Africa is the market with the fastest subscriber growth
within Millicom but Latin America is still growing above the average rate, so showing that good subscriber growth is sustainable as penetration rates rise.&#148; </FONT></P>
<P>
<FONT size=2 face="serif">&#147;The excellent half year results show clearly that the operational management of Millicom remained focused on growing our operations during a period when the Board was conducting a Strategic Review of the business.
This Strategic Review started on January 19, 2006 and ended on July 3, 2006 when the Board decided to terminate all discussions concerning a potential sale of the entire share capital of the Company. The Company had been in prolonged discussions and
due diligence with one potential purchaser but the Board concluded on July 3, 2006 that this purchaser would not be in a position within an acceptable timeframe to make a binding offer that would have been suitably attractive, given the current
strong performance of the business, or would have been sufficiently certain of closing.&#148;</FONT></P>
<P>
<FONT size=2 face="serif">&#147;During the second quarter, Millicom sold its loss-making Pakcom operation in Pakistan. This disposal will improve EBITDA and, more so, net income by eliminating roughly $30m of annual interest and amortization expense
on the Pakcom license obligations. From a balance sheet perspective, $246m of Pakcom liabilities have been eliminated as a result of the sale, consisting mainly of the Pakcom license obligations. As part of this transaction Millicom transferred 10%
of Paktel to its former partner in Pakcom. Today in Pakistan, Millicom has just one business into which it is making significant investments to improve the quality and coverage of the network which is a key requirement in such a competitive market
place.&#148; </FONT></P>
<P>
<FONT size=2 face="serif">&#147;In July 2006, Millicom finalised the acquisition of the remaining 4% minority holding in its Paraguay operation which follows the earlier buyouts of minorities in Tanzania, Sierra Leone, Ghana and Senegal.&#148;
</FONT></P>
<P>
<FONT size=2 face="serif">&#147;In August 2006, Millicom will repay its mandatory exchangeable debt with the Tele2 shares that it holds. This will relieve us of over $350m of corporate debt and roughly $26m in annual interest expense.&#148;
</FONT></P>
<P align="right">
<FONT size=2 face="serif">2</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<P align="center">
<B><U><FONT size=2 face="serif">FINANCIAL SUMMARY FOR THE PERIOD TO JUNE 30, 2006 AND 2005</FONT></U></B><FONT size=2 face="serif"> </FONT></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD colspan=2 align=left>          <b><font size=2 face="serif">SUBSCRIBERS</font></b> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right nowrap>
<B><FONT size=2 face="serif">Q2</FONT></B>
</TD>
	<TD width=2% align=left nowrap>

</TD>
	<TD width=1% nowrap>&nbsp;
</TD>
	<TD width=6% align=right nowrap>
<B><FONT size=2 face="serif">Q2</FONT></B>
</TD>
	<TD width=2% align=left nowrap>

</TD>
	<TD width=1% nowrap>&nbsp;
</TD>
	<TD width=6% align=right nowrap>
<B><FONT size=2 face="serif">Q on Q</FONT></B>
</TD>
	<TD width=2% align=left nowrap>

</TD>
	<TD width=1% nowrap>&nbsp;
</TD>
	<TD width=6% align=left nowrap>

</TD>
	<TD width=2% align=left nowrap>

</TD>
	<TD width=1% nowrap>&nbsp;
</TD>
	<TD width=6% align=left nowrap>

</TD>
	<TD width=2% align=left nowrap>

</TD>
	<TD width=1% nowrap>&nbsp;
</TD>
	<TD width=6% align=left nowrap>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=5% align=left>

</TD>
	<TD width=40% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2006</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2005</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">change</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=5% align=left>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=40% align=left>
<FONT size=2 face="serif">Total </FONT><SUP><FONT size=2 face="serif">(i)</FONT></SUP>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">10,903,277</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">7,205,649</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">51</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=5% align=left>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=40% align=left>
<FONT size=2 face="serif">Attributable </FONT><SUP><FONT size=2 face="serif">(ii)</FONT></SUP>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">9,325,665</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">6,256,955</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">49</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="5%">
</TD>
	<TD width="40%">
</TD>
	<TD width="2%">
</TD>
	<TD width="6%">
<HR noshade size=1></TD>
	<TD width="2%">
<HR noshade size=1></TD>
	<TD width="1%"><HR noshade size=1>
</TD>
	<TD width="6%">
<HR noshade size=1></TD>
	<TD width="2%">
<HR noshade size=1></TD>
	<TD width="1%"><HR noshade size=1>
</TD>
	<TD width="6%">
<HR noshade size=1></TD>
	<TD width="2%">
<HR noshade size=1></TD>
	<TD width="1%">
</TD>
	<TD width="6%">
</TD>
	<TD width="2%">
</TD>
	<TD width="1%">
</TD>
	<TD width="6%">
</TD>
	<TD width="2%">
</TD>
	<TD width="1%">
</TD>
	<TD width="6%">
</TD>
	<TD width="2%">
</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>          <b><font size=2 face="serif">REPORTED NUMBERS</font></b> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q2</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q2</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q on Q</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">H1</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">H1</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">H1 to H1</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>          <b><font size=2 face="serif">US$ &#145;000</font></b> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2006</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2005</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">change</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2006</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2005</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">change</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD colspan=2 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left>          <font size=2 face="serif">Revenues</font> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">361,631</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">260,728</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">39</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">683,832</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">528,974</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">29</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left><font size=2 face="serif">EBITDA </font><sup><font size=2 face="serif">(iii)</font></sup> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">156,627</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">122,283</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">28</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">298,829</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">248,827</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">20</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <FONT size=2 face="serif">EBITDA margin</FONT> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">43</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">47</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">44</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">47</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <FONT size=2 face="serif">Profit / (loss) for the period</FONT> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">33,854</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">4,877</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">67,261</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">(6,386</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="5%"><HR noshade size=2></TD>
	<TD width="40%"><HR noshade size=2> </TD>
	<TD width="2%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <B><FONT size=2 face="serif">PRO FORMA SUBSCRIBERS </FONT></B><B><SUP><FONT size=2 face="serif">(v)</FONT></SUP></B> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q2</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q2</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q on Q</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=5% align=left>

</TD>
	<TD width=40% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2006</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2005</FONT></B>
</TD>
	<TD width=2% align=left>
<B><SUP><FONT size=2 face="serif">(iv)</FONT></SUP></B>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">change</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=5% align=left>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=40% align=left>
<FONT size=2 face="serif">Total </FONT><SUP><FONT size=2 face="serif">(i)</FONT></SUP>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">10,903,277</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">6,751,502</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">62</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=5% align=left>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=40% align=left>
<FONT size=2 face="serif">Attributable </FONT><SUP><FONT size=2 face="serif">(ii)</FONT></SUP>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">9,325,665</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">5,802,808</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">61</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="5%">
</TD>
	<TD width="40%">
</TD>
	<TD width="2%">
</TD>
	<TD width="6%">
<HR noshade size=1></TD>
	<TD width="2%">
<HR noshade size=1></TD>
	<TD width="1%">
</TD>
	<TD width="6%">
<HR noshade size=1></TD>
	<TD width="2%">
<HR noshade size=1></TD>
	<TD width="1%">
</TD>
	<TD width="6%">
<HR noshade size=1></TD>
	<TD width="2%">
<HR noshade size=1></TD>
	<TD width="1%">
</TD>
	<TD width="6%">
</TD>
	<TD width="2%">
</TD>
	<TD width="1%">
</TD>
	<TD width="6%">
</TD>
	<TD width="2%">
</TD>
	<TD width="1%">
</TD>
	<TD width="6%">
</TD>
	<TD width="2%">
</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <B><FONT size=2 face="serif">PRO FORMA NUMBERS </FONT></B><B><SUP><FONT size=2 face="serif">(v)</FONT></SUP></B> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q2</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q2</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">Q on Q</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">H1</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">H1</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">H1 to H1</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <B><FONT size=2 face="serif">US$ &#145;000</FONT></B> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2006</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2005</FONT></B>
</TD>
	<TD width=2% align=left>
<B><SUP><FONT size=2 face="serif">(iv)</FONT></SUP></B>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">change</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2006</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">2005</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<B><FONT size=2 face="serif">change</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD colspan=2 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <FONT size=2 face="serif">Revenues</FONT> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">356,247</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">230,822</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">54</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">672,458</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">445,124</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">51</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <FONT size=2 face="serif">EBITDA </FONT><SUP><FONT size=2 face="serif">(iii)</FONT></SUP> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">156,297</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">101,871</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">53</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">297,923</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">193,054</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">54</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <FONT size=2 face="serif">EBITDA margin</FONT> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">44</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">44</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">44</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">43</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD colspan=2 align=left> <FONT size=2 face="serif">Profit/(loss) for the period
          from continuing</FONT> <font size=2 face="serif">operations</font>  </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">33,361</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">6,659</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">67,745</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=right>
<FONT size=2 face="serif">(505</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=6% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="5%"><HR noshade size=2></TD>
	<TD width="40%"><HR noshade size=2></TD>
	<TD width="2%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
	<TD width="1%"><HR noshade size=2>
</TD>
	<TD width="6%">
<HR noshade size=2></TD>
	<TD width="2%">
<HR noshade size=2></TD>
</TR>
</TABLE>
<BR>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD width="5%" valign=top nowrap>
<I><FONT size=1 face="serif">(i)</FONT></I></TD>
	<TD>
<I><FONT size=1 face="serif">Total subscriber figures represent the worldwide total
number of subscribers of mobile systems in which Millicom has an ownership interest.</FONT></I></TD>
</TR><TR>
	<TD width="5%" valign=top nowrap>
<I><FONT size=1 face="serif">(ii)</FONT></I></TD>
	<TD>
<I><FONT size=1 face="serif">Attributable subscribers are calculated as 100% of subscribers in Millicom&#146;s subsidiary operations
and Millicom&#146;s percentage ownership of subscribers in each joint venture operation.</FONT></I></TD>
</TR><TR>
	<TD width="5%" valign=top nowrap>
<I><FONT size=1 face="serif">(iii)</FONT></I></TD>
	<TD>
<I><FONT size=1 face="serif">EBITDA: operating profit before interest, taxes, depreciation and amortization, is derived by deducting cost of sales, sales and marketing costs, general and administrative expenses from revenues and other operating
income.</FONT></I></TD>
</TR><TR>
	<TD width="5%" valign=top nowrap>
<I><FONT size=1 face="serif">(iv)</FONT></I></TD>
	<TD>
<I><FONT size=1 face="serif">Excludes discontinued operations</FONT></I></TD>
</TR><TR>
	<TD width="5%" valign=top nowrap>
<I><FONT size=1 face="serif">(v)</FONT></I></TD>
	<TD>
<I><FONT size=1 face="serif">Pro forma numbers for current and previous quarters exclude Millicom&#146;s
operation in Vietnam, where the BCC ended on May 18, 2005, include Millicom&#146;s
joint venture in Honduras with a percentage ownership of
66.67%, to reflect the increase in ownership from 50% to 66.67% in May 2005 and exclude Pakcom, Millicom&#146;s
TDMA operation in Pakistan, which Millicom sold at the end of June 2006.</FONT></I></TD>
</TR></TABLE>
<P align="right">
<FONT size=2 face="serif">3</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<div align="center"><br>
     <br>

     <B><U><FONT size=2 face="serif">FINANCIAL AND OPERATING SUMMARY</FONT></U></B></div>
<UL>
<LI>
<FONT size=2 face="serif">Strong subscriber growth with total subscribers at 10.9 million, an increase of 51% compared to Q2 2005,</FONT> <FONT size=2 face="serif">or 62% on a pro forma basis</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">1,406,522 new total proforma subscribers added in Q2 2006</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">Revenues of $362 million in Q2 2006, exceeding by 39% revenues for Q2 2005, of which Vietnam</FONT> <FONT size=2 face="serif">accounted for $24 million</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">Revenues for Q2 2006 up 54% on a pro forma basis</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">Record EBITDA of $157 million in Q2 2006, up 28% vs Q2 2005</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">EBITDA for Q2 2006 up 53% on a pro forma basis</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">Investments include capex of $146 million for the second quarter
and $241 million for the First Half</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">Cash and cash equivalents of $507 million at end of Q2 2006</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">Record cash upstreaming of $113 million in the First Half</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">Net debt excluding the 5% mandatory exchangeable notes of $467 million with a Net Debt to full year EBITDA ratio below 1:1
enabling significant continuing investment.</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">Total cellular minutes increased by 33% for the three months ended June 30, 2006 from the same quarter</FONT> <FONT size=2 face="serif">in 2005 and prepaid minutes increased by 45% in the same period. Total pro forma
minutes increased by 59% and pro forma prepaid minutes by 69%.</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">In May 2006, Millicom agreed the sale of its wireless data business in Peru,
subject to regulatory approval. The deal is expected to close in Q3 2006.</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">In May 2006, Millicom completed the sale of its US Group mainly
including its investments in Great Universal and Modern Holdings, realizing a net gain of $4 million.</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">In June 2006, Millicom completed the sale of Pakcom, its TDMA operation in Pakistan to the Arfeen</FONT> <FONT size=2 face="serif">Group for a nominal amount. As part of the sale, Millicom transferred a 10% stake in Paktel
to the Arfeen</FONT> <FONT size=2 face="serif">Group taking Millicom&#146;s ownership in Paktel to 88.9%.</FONT></LI>
</UL>
<div align="center"><B><U><FONT size=2 face="serif">SUBSEQUENT EVENTS</FONT></U></B>
</div>
<UL>
<LI>
<FONT size=2 face="serif">On July 12, 2006, Millicom completed its acquisition of the
outstanding 4% share in Telefonica Celular del Paraguay SA and now has 100% ownership of the operation.</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">In July 2006, Millicom was included in the new NASDAQ Global Select Market,
which has the highest initial listing standards of any exchange in the world based on financial and liquidity
requirements. Prior to the change, Millicom was listed on the NASDAQ National Market.</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">On July 3, 2006, Millicom announced that it had decided to terminate all
discussions concerning a potential sale of the entire share capital of the Company. The Board concluded that the
purchaser would not be in a position within an acceptable timeframe to make a binding
offer that would have been suitably attractive, given the current strong performance of the
business, or sufficiently certain of closing.</FONT><br><br></LI>
<LI>
<FONT size=2 face="serif">During the week of November 20, 2006, Millicom is organising a trip to Ghana and Senegal for analysts</FONT> <FONT size=2 face="serif">and investors. It will be a similar programme to last year&#146;s visit to Central
America, giving guests a chance to join Millicom&#146;s Management to view the day to day
working of the operations.</FONT><br><br></LI>
</UL>
<P align="right">
<FONT size=2 face="serif">4</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<div align="center"><br>
     <br>

     <B><U><FONT size=2 face="serif">REVIEW OF OPERATIONS</FONT></U></B><B><U><FONT size=2 face="serif"><br>
     <br>
     SUBSCRIBER GROWTH</FONT></U></B>
</div>
<P>
<FONT size=2 face="serif">In the second quarter of 2006 Millicom&#146;s worldwide operations in Latin America, Africa and Asia added 1,011,585 net new total cellular subscribers or 1,406,522 on a pro forma basis, excluding Pakcom.</FONT></P>
<P>
<FONT size=2 face="serif">At June 30, 2006, Millicom&#146;s total cellular subscriber base increased by 51% to 10,903,277</FONT><I><FONT size=2 face="serif"> </FONT></I><FONT size=2 face="serif">cellular subscribers from 7,205,649</FONT><I><FONT
size=2 face="serif"> </FONT></I><FONT size=2 face="serif">as at June 30, 2005. The pro forma increase was 62%. Particularly significant year on year percentage increases were recorded in Ghana (122%), Tanzania (112%), Guatemala (94%), Honduras (74%)
and Paraguay (74%). Millicom&#146;s attributable subscriber base increased to 9,325,665 as at June 30, 2006 from 6,256,955 as at June 30, 2005, an increase of 49%. On a pro forma basis, attributable subscribers increased by 61% (note (ii) page
3).</FONT></P>
<P>
<FONT size=2 face="serif">Within the 10,903,277 total cellular subscribers reported at the end of the second quarter, 10,379,481 or 95% were prepaid subscribers. </FONT></P>
<P align="center">
<B><U><FONT size=2 face="serif">FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2006</FONT></U></B><B><FONT size=2 face="serif"> </FONT></B></P>
<P>
<FONT size=2 face="serif">Total revenues for the three months ended June 30, 2006 were $361.6 million, an increase of 39% from the second quarter of 2005. The pro forma increase in revenues was 54% over the same period. The Central American market
continued to perform strongest, producing a 78% increase in revenues from $101.7 million for the second quarter of 2005 to $181.4 million for the second quarter of 2006, with Honduras producing the strongest growth for the cluster at 113%. In South
America, revenues increased by 54% to $51.5 million, with Bolivia and Paraguay producing increases of 34% and 67% respectively compared to the second quarter of 2005.  From 2005, Millicom has been able to pursue higher value customers with
value-added services following the roll-out of Tigo branded GSM services across Latin America and this has led to strong ARPU levels across the region.</FONT></P>
<P>
<FONT size=2 face="serif">The effects of Millicom&#146;s investment and increased capex in Africa in 2005 and the first half of 2006 to grow its networks are now being manifested in the results. Second quarter revenues for Africa were $72.7 million
compared to $48.0 million in the second quarter of 2005, an increase of 52%.  The strongest market was Ghana which grew by 73% followed by Senegal with growth of 32%.  Revenues for Chad have grown strongly quarter on quarter since the fourth quarter
of 2005 and, in the Democratic Republic of Congo, Millicom is building up the network ahead of the launch of Tigo later in the year. </FONT></P>
<P>
<FONT size=2 face="serif">In South Asia, Millicom recorded pro forma revenues of $24 million, a slight increase from the first quarter of 2006 when revenues for Paktel, the GSM operation in Pakistan, were affected by network interference issues, and
up 11% from the second quarter of 2005 on a proforma basis. The technical issues affecting Paktel are being resolved and additional investment in the network will enable Paktel to recover market share. Revenues for South East Asia declined to $26.2
million over the same period, due to the end of the BCC in Vietnam in May 2005 but, excluding Vietnam, revenues were up 22% from the second quarter of 2005. </FONT></P>
<P>
<FONT size=2 face="serif">EBITDA for the three months ended June 30, 2006 was $156.6 million, a 28% increase from the second quarter of 2005. On a pro forma basis EBITDA increased by 53% from the second quarter of 2005. Central America recorded
growth in EBITDA of 84% from the second quarter of 2005 to $94.1 million and the equivalent increase for South America was 62%, giving EBITDA of $22.4 million.  EBITDA for Africa increased by 23% to $28.9 million. </FONT></P>
<P>
<FONT size=2 face="serif">EBITDA for South Asia was $2.4 million, significantly impacted by the lower margin in Pakcom and by the sales and marketing costs associated with Paktel&#146;s GSM services. For South East Asia, EBITDA for the second
quarter of 2006 was lower at $8.8m, due to the end of the ten-year BCC in Vietnam in May 2005 but up 19% on a pro forma basis.</FONT></P>
<P align="right">
<FONT size=2 face="serif">5</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<P>
<FONT size=2 face="serif">The EBITDA margin and the pro forma EBITDA margin in the second quarter of 2006 were 43% and 44% respectively. Central America and South America recorded EBITDA margins of 52% and 44% respectively in the second quarter of
2006. For Africa, the EBITDA margin was 40%, for South Asia it was 8% and for South East Asia it was 34%. </FONT></P>
<P align="center">
<B><U><FONT size=2 face="serif">FINANCIAL RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2006</FONT></U></B></P>
<P>
<FONT size=2 face="serif">Total revenues for the first half of 2006 were $683.8 million, an increase of 29% from the first half of 2005. The pro forma increase in revenues was 51% over the same period. Revenues for Africa were $139.4 million,
increasing by 45%. Revenues for Central America were $338.0 million, an increase of 78%, and for South America, revenues were $96.1 million, up 49%. In South East Asia revenues were $51.2 million, up 21% on a pro forma basis and for South Asia,
revenues were $57.2 million, down 7% year on year.</FONT></P>
<P>
<FONT size=2 face="serif">EBITDA was $298.8 million for the first half of 2006, an increase of 20% over the first half of 2005. On a pro forma basis EBITDA increased by 54%.  EBITDA for Central America for the first half of the year increased by 81%
from the first half of 2005 to $173.1 million and increased by 57% for South America to $41.0 million. Africa recorded a 31% increase to $58.6 million for the six months ended June 30, 2006. </FONT></P>
<P>
<FONT size=2 face="serif">EBITDA for South East Asia and South Asia was respectively $18.9 million and $7.5 million for the first half of 2006.</FONT></P>
<P>
<FONT size=2 face="serif">The Group EBITDA margin for the six months to June 30, 2006 was 44%, for Central America it was 51%, for South America 43%, for Africa 42%, for South East Asia 37% and for South Asia 13%. </FONT></P>
<P>
<FONT size=2 face="serif">Total cellular minutes increased by 23% for the first half of 2006 compared with the same period in 2005 and by 57% on a proforma basis. </FONT></P>
<div align="center"><B><U><FONT size=2 face="serif">COMMENTS ON FINANCIAL STATEMENTS</FONT></U></B></div>
<P>
<FONT size=2 face="serif">For the second quarter of 2006, the decrease in the market price of the Tele2 shares resulted in a valuation movement loss of $46.9 million. In addition, there was an exchange loss of $25.6 million from the conversion of
the 5% mandatory exchangeable Notes in Tele2 shares (&#145;the 5% Notes&#146;) to the US dollar. Offsetting these losses was the fair value result of the embedded derivative on the 5% Notes resulting in a gain of $59.5 million. The Tele2 shares will
be used to repay the 5% Notes in August 2006.</FONT></P>
<P>
<FONT size=2 face="serif">Corporate costs in the second quarter were impacted by the costs associated with the Strategic Review. Total costs for the First Half were approximately $5m. Following the approval of the changes to the incentive plans at
the AGM in May 2006, stock compensation for the second quarter was approximately $5m higher than the comparative period last year reflecting the accelerated vesting of Directors&#146; options, the 2005 restricted share awards to Directors and
management, and the costs of the new Long-term Incentive performance share scheme for management. </FONT></P>
<P>
<FONT size=2 face="serif">The gain on write-down of assets represents the reversal of the current period losses of Pakcom since the sales price was agreed and fixed with the purchaser last year. The gain on sale of investments is primarily due to
the disposal of Millicom&#146;s US group, consisting mainly of its investments in Great Universal and Modern Holdings.</FONT></P>
<P>
<FONT size=2 face="serif">During Q2, increased capex resulted in higher property, plant and equipment and supplier advances on the balance sheet. </FONT></P>
<P>
<FONT size=2 face="serif">At the Company&#146;s Annual General Meeting in May 2006, the shareholders voted to decrease the statutory accumulated losses brought forward by a total amount of US$ 101.4 million through a transfer of the same amount from
the share premium account. </FONT></P>
<P align="right">
<FONT size=2 face="serif">6</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<div align="center"><br>
     <br>

     <B><U><FONT size=2 face="serif">OTHER INFORMATION</FONT></U></B></div>
<P>
<FONT size=2 face="serif">The amounts in the consolidated statements of profit and loss for the three months and six months ended June 30, 2006, the consolidated balance sheet as at June 30, 2006 and December 31, 2005, the condensed consolidated
statements of cash flows and condensed consolidated changes in equity are prepared in accordance with International Financial Reporting Standards (IFRS). </FONT></P>
<FONT size=2 face="serif">This report is unaudited.</FONT><P>
<FONT size=2 face="serif">Millicom&#146;s financial results for the third quarter ended September 2006 will be published on 25 October 2006.</FONT></P>
<FONT size=2 face="serif">Luxembourg, 24 July 2006. </FONT><br>
<BR>
<FONT size=2 face="serif">Marc Beuls, President &amp; Chief Executive Officer </FONT><BR>
<FONT size=2 face="serif">David Sach, Chief Financial Officer </FONT><br>
<BR>
<FONT size=2 face="serif">Millicom International Cellular S.A </FONT><BR>
<FONT size=2 face="serif">75 Route de Longwy </FONT><BR>
<FONT size=2 face="serif">L-8080 Bertrange </FONT><BR>
<FONT size=2 face="serif">Luxembourg </FONT><BR>
<FONT size=2 face="serif">Tel : +352 27 759 101 </FONT><BR>
<FONT size=2 face="serif">Registration number: R.C.S. Luxembourg B 40.630</FONT><P>
<I><FONT size=1 face="serif">Millicom International Cellular S.A. is a global telecommunications investor with cellular operations in Latin America, Africa and Asia. It currently has cellular operations and licenses in 16 countries. The Group&#146;s
cellular operations have a combined population under license of approximately 390 million people. </FONT></I></P>
<P>
<I><FONT size=1 face="serif">This press release may contain certain &#147;forward-looking statements&#148;
with respect to Millicom&#146;s expectations and plans, strategy, management&#146;s objectives, future performance, costs, revenues, earnings
and other trend information.  It is important to note that Millicom&#146;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&#146;s most recent annual report on Form 20-F, for a discussion of certain of these
factors. </FONT></I></P>
<P>
<I><FONT size=1 face="serif">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&#146;s behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements.
</FONT></I></P>
<P>
<B><FONT size=2 face="serif">CONTACTS: </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD width=49% align=left>
<B><FONT size=2 face="serif">Marc Beuls</FONT></B>
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">Telephone:</FONT></B>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>
 &nbsp;<B><FONT size=2 face="serif">+352 27 759 327</FONT></B>
</TD>
</TR>
<TR valign="bottom">
	<TD width=49% align=left>
<FONT size=2 face="serif">President and Chief Executive Officer</FONT>
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=49% align=left>
<FONT size=2 face="serif">Millicom International Cellular S.A., Luxembourg</FONT>
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=49% align=left>
<B><FONT size=2 face="serif">David Sach</FONT></B>
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">Telephone:</FONT></B>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>
 &nbsp;<B><FONT size=2 face="serif">+352 27 759 327</FONT></B>
</TD>
</TR>
<TR valign="bottom">
	<TD width=49% align=left>
<FONT size=2 face="serif">Chief Financial Officer</FONT>
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=49% align=left>
<FONT size=2 face="serif">Millicom International Cellular S.A., Luxembourg</FONT>
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=49% align=left>
<B><FONT size=2 face="serif">Andrew Best</FONT></B>
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">Telephone:</FONT></B>
</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>
 &nbsp;<B><FONT size=2 face="serif">+44 20 7321 5022</FONT></B>
</TD>
</TR>
<TR valign="bottom">
	<TD width=49% align=left>
<FONT size=2 face="serif">Investor Relations</FONT>
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=49% align=left>
<FONT size=2 face="serif">Shared Value Ltd, London</FONT>
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1%>&nbsp;
</TD>
	<TD width=42% align=left>

</TD>
</TR>
</TABLE>
<BR>
<P>
<FONT size=2 face="serif">Visit our web site at </FONT><B><U><FONT size=2 face="serif">http://www.millicom.com</FONT></U></B><FONT size=2 face="serif"> </FONT></P>
<P align="right">
<FONT size=2 face="serif">7 </FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<div align="center"><br>
     <br>

     <B><U><FONT size=2 face="serif">CONFERENCE CALL DETAILS</FONT></U></B></div>
<P>
<B><FONT size=2 face="serif">A conference call to discuss the results will be held at 14.30CET / 08.30 ET, on Monday, July 24, 2006. The dial-in numbers are: +44 (0)20 7138 0816 or +1 718 354 1171 and participants should quote Millicom International
Cellular.  A live audio stream of the conference call can also be accessed at </FONT></B><B><U><FONT size=2 face="serif">www.millicom.com</FONT></U></B><B><FONT size=2 face="serif">. Please dial in / log on 5 minutes prior to the start of the
conference call to allow time for registration. A recording of the conference call will be available for 7 days after the conference call, commencing approximately 30 minutes after the live call has finished, on: +44 (0)20 7806 1970 or +1 718 354
1112, access code: 2036491#.</FONT></B><FONT size=2 face="serif"> </FONT></P>
<div align="center"><B><U><FONT size=2 face="serif">APPENDICES</FONT></U></B></div>
<UL>
<LI>
<B><FONT size=2 face="serif">Consolidated statements of profit and loss for the three months ended June 30, 2006 and 2005</FONT></B><br><br></LI>
<LI>
<B><FONT size=2 face="serif">Consolidated statements of profit and loss for the six months ended June 30, 2006 and 2005</FONT></B><br><br></LI>
<LI>
<B><FONT size=2 face="serif">Consolidated balance sheets as at June 30, 2006 and December 31, 2005</FONT></B><br><br></LI>
<LI>
<B><FONT size=2 face="serif">Condensed consolidated statements of cash flows for the six months ended June 30, 2006 and 2005</FONT></B><br><br></LI>
<LI>
<B><FONT size=2 face="serif">Condensed consolidated statements of changes in equity for the six months ended June 30, 2006 and 2005</FONT></B><br><br></LI>
<LI>
<B><FONT size=2 face="serif">Quarterly analysis by cluster</FONT></B><br><br></LI>
<LI>
<B><FONT size=2 face="serif">Total subscribers and market position by country</FONT></B><br><br></LI>
<LI>
<B><FONT size=2 face="serif">Pro forma consolidated statements of profit and loss for the three months ended June 30, 2006 and 2005</FONT></B><br><br></LI>
<LI>
<B><FONT size=2 face="serif">Pro forma consolidated statements of profit and loss for the six months ended June 30, 2006 and 2005</FONT></B></LI>
</UL>
<P align="right">
<FONT size=2 face="serif">8</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<div align="center"><br>
     <br>

     <B><FONT size=2 face="serif">Millicom International Cellular S.A. </FONT></B><BR>
          <B><FONT size=2 face="serif">Consolidated statements of profit and loss </FONT></B><BR>
          <B><FONT size=2 face="serif">for the three months ended June 30, 2006 and 2005          </FONT></B>
</div>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left><HR noshade size=2>

</TD>
	<TD width=2%><HR noshade size=2>
</TD>
	<TD width=10% align=right><HR noshade size=2>
</TD>
	<TD width=2% align=left><HR noshade size=2>

</TD>
	<TD width=10% align=right>
<HR noshade size=2>
</TD>
	<TD width=2% align=left><HR noshade size=2>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right nowrap>
<B><FONT size=2 face="serif">Quarter ended<br>
June 30, 2006</FONT></B>
</TD>
	<TD width=2% align=left nowrap>

</TD>
	<TD width=10% align=right nowrap>
<B><FONT size=2 face="serif">Quarter ended<br>
June 30, 2005&#134;</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="serif">(Unaudited)<br>
US$ &#146;000</FONT></TD>
	<TD width=2% align=left nowrap>

</TD>
	<TD width=10% align=right nowrap>
<FONT size=2 face="serif">(Unaudited)<br>
US$ &#146;000</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>&nbsp;
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Revenues</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">361,631</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">260,728</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Operating expenses</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Cost of sales (excluding depreciation and amortization)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(103,301</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(69,542</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Sales and marketing</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(56,889</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(37,510</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">General and administrative expenses</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(45,015</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(31,393</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Other operating income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">201</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD width="2%">
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">EBITDA</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">156,627</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">122,283</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Corporate costs</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(10,095</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(5,909</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Stock compensation</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(5,839</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(893</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Write-down of assets, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">6,157</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(4,958</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Gain from sale of subsidiaries and joint ventures, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">4,478</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">1,303</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Depreciation and amortization</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(51,891</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(58,867</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD width="2%">
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Operating profit</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">99,347</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">52,959</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Valuation movement on investment in securities</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(46,922</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(43,291</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Fair value result on financial instruments</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">59,515</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">8,352</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Interest expense</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(37,570</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(35,245</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Interest and other income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">6,086</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">5,819</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Exchange gain / (loss), net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(24,251</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">30,659</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Profit from associated companies</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">393</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">336</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD width="2%">
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<B><FONT size=2 face="serif">Profit before taxes</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">56,688</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">19,589</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Taxes</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(22,193</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(14,704</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD width="2%">
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<B><FONT size=2 face="serif">Net Profit after taxes</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">34,495</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">4,885</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Minority interest</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(641</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">205</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD width="2%">
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<B><FONT size=2 face="serif">Net Profit for the period from continuing operations</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">33,854</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">5,090</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Result from discontinued operations</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(213</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD width="2%">
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Net Profit / (Loss) for the period</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<B><FONT size=2 face="serif">33,854</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<B><FONT size=2 face="serif">4,877</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD width="2%">
</TD>
	<TD width="10%">
          <HR noshade size=2>
</TD>
	<TD width="2%">
          <HR noshade size=2>
</TD>
	<TD width="10%">
<HR noshade size=2>
</TD>
	<TD width="2%">
<HR noshade size=2>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Basic earnings per common share (US$)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">0.34</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">0.05</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Weighted average number of shares</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">outstanding in the period (in thousands)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">100,217</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">98,750</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Profit for the period used to determine diluted earnings per</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">common share</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">33,854</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">4,877</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Diluted earnings per common share (US$)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">0.33</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">0.05</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Weighted average number of shares and potential</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">dilutive shares outstanding in the period (in thousands)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">101,209</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">99,599</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
</TR>
</TABLE>
<P>
<FONT size=2 face="serif">&#134;</FONT><I><FONT size=2 face="serif"> Several line items restated to exclude discontinued operations </FONT></I></P>
<P align="right">
<FONT size=2 face="serif">9 </FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<div align="center"><B><FONT size=2 face="serif">Millicom International Cellular S.A. </FONT></B><BR>
          <B><FONT size=2 face="serif">Consolidated statements of profit and loss </FONT></B><BR>
          <B><FONT size=2 face="serif">for the six months ended June 30, 2006 and 2005</FONT></B>

</div>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
     <TR valign="bottom">
          <TD align=left>&nbsp;</TD>
          <TD>&nbsp;</TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
     </TR>
     <TR valign="bottom">
          <TD align=left><HR noshade size=2>
          </TD>
          <TD><HR noshade size=2>
          </TD>
          <TD align=right><HR noshade size=2>
          </TD>
          <TD align=left><HR noshade size=2>
          </TD>
          <TD align=right>
               <HR noshade size=2>
          </TD>
          <TD align=left><HR noshade size=2>
          </TD>
     </TR>
     <TR valign="bottom">
          <TD align=left> </TD>
          <TD>&nbsp; </TD>
          <TD align=right nowrap> <B><FONT size=2 face="serif">Six months  ended<br>
          June 30, 2006</FONT></B> </TD>
          <TD align=left nowrap> </TD>
          <TD align=right nowrap> <B><FONT size=2 face="serif">Six months  ended<br>
          June 30, 2005&#134;</FONT></B> </TD>
          <TD align=left> </TD>
     </TR>
     <TR valign="bottom">
          <TD align=left> </TD>
          <TD>&nbsp; </TD>
          <TD align=right nowrap> <FONT size=2 face="serif">(Unaudited)<br>
          US$ &#146;000</FONT></TD>
          <TD align=left nowrap> </TD>
          <TD align=right nowrap> <FONT size=2 face="serif">(Unaudited)<br>
          US$ &#146;000</FONT> </TD>
          <TD align=left> </TD>
     </TR>
     <TR valign="bottom">
          <TD align=left>&nbsp;</TD>
          <TD>&nbsp;</TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
     </TR>
     <TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Revenues</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">683,832</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">528,974</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
     <TR valign="bottom">
          <TD align=left>&nbsp;</TD>
          <TD>&nbsp;</TD>
          <TD align=left></TD>
          <TD align=left></TD>
          <TD align=left></TD>
          <TD align=left></TD>
     </TR>
     <TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Operating expenses</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Cost of sales (excluding depreciation and amortization)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(194,968</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(142,648</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Sales and marketing</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(104,827</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(77,083</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">General and administrative expenses</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(85,905</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(61,077</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Other operating income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">697</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">661</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">EBITDA</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">298,829</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">248,827</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Corporate costs</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(19,346</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(12,498</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Stock compensation</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(6,593</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(1,508</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Write-down of assets, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">9,569</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(28,055</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Gain from sale of of subsidiaries and joint ventures, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">5,467</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">1,525</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Depreciation and amortization</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(101,321</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(115,971</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Operating profit</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">186,605</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">92,320</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Valuation movement on investment in securities</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(16,830</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(98,803</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Fair value result on financial instruments</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">42,990</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">34,577</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Interest expense</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(75,661</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(68,528</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Interest and other income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">13,050</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">10,736</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Exchange gain / (loss), net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(32,544</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">50,351</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Profit from associated companies</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">655</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">398</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<B><FONT size=2 face="serif">Profit before taxes</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">118,265</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">21,051</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Taxes</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(49,017</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(26,653</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<B><FONT size=2 face="serif">Net Profit / (Loss) after taxes</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">69,248</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(5,602</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Minority interest</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(2,006</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(316</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<B><FONT size=2 face="serif">Net Profit / (Loss) for the period from continuing operations</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">67,242</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(5,918</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
 &nbsp;<FONT size=2 face="serif">Result from discontinued operations</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">19</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(468</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Net Profit / (Loss) for the period</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<B><FONT size=2 face="serif">67,261</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<B><FONT size=2 face="serif">(6,386</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">)</FONT></B>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD>
</TD>
	<TD width="10%">
          <HR noshade size=2>
</TD>
	<TD>
          <HR noshade size=2>
</TD>
	<TD width="10%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Basic earnings per common share (US$)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">0.67</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(0.06</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD width="10%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Weighted average number of shares</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">outstanding in the period (in thousands)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">100,111</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">98,694</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD width="10%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Profit / (loss) for the period used to determine diluted earnings</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">per common share</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">67,261</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(6,386</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD>
</TD>
	<TD width="10%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="10%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Diluted earnings per common share (US$)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">0.67</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">(0.06</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD width="10%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">Weighted average number of shares and potential</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=74% align=left>
<B><FONT size=2 face="serif">dilutive shares outstanding in the period (in thousands)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">101,029</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=10% align=right>
<FONT size=2 face="serif">98,694</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="74%">
</TD>
	<TD> </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD>
          <HR noshade size=2>
     </TD>
	<TD width="10%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
</TR>
</TABLE>
<P><FONT size=2 face="serif">&#134;</FONT><I><FONT size=2 face="serif"> Several line items restated to exclude discontinued operations </FONT></I></P>
<P align="right">
<FONT size=2 face="serif">10 </FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>
<div align="center">
     <B><FONT size=2 face="serif">Millicom International Cellular S.A.</FONT></B><I><FONT size=2 face="serif"> </FONT></I><BR>
          <B><FONT size=2 face="serif">Consolidated balance sheets </FONT></B><BR>
          <B><FONT size=2 face="serif">as at June 30, 2006 and December 31, 2005</FONT></B></div>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
     <TR valign="bottom">
          <TD align=left>&nbsp;</TD>
          <TD>&nbsp;</TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
     </TR>
     <TR valign="bottom">
          <TD align=left><HR noshade size=2>
          </TD>
          <TD><HR noshade size=2>
          </TD>
          <TD align=right><HR noshade size=2>
          </TD>
          <TD align=left><HR noshade size=2>
          </TD>
          <TD align=right>
               <HR noshade size=2>
          </TD>
          <TD align=left><HR noshade size=2>
          </TD>
     </TR>
     <TR valign="bottom">
          <TD align=left> </TD>
          <TD>&nbsp; </TD>
          <TD align=right nowrap> <B><FONT size=2 face="serif">          June 30, 2006</FONT></B> </TD>
          <TD align=left nowrap> </TD>
          <TD align=right nowrap><B><FONT size=2 face="serif">June 30, 2005&#134;</FONT></B> </TD>
          <TD align=left> </TD>
     </TR>
     <TR valign="bottom">
          <TD align=left> </TD>
          <TD>&nbsp; </TD>
          <TD align=right nowrap> <FONT size=2 face="serif">(Unaudited)<br>
               US$ &#146;000</FONT></TD>
          <TD align=left nowrap> </TD>
          <TD align=right nowrap> <FONT size=2 face="serif">(Audited)<br>
               US$ &#146;000</FONT> </TD>
          <TD align=left> </TD>
     </TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><U><FONT size=2 face="serif">Assets</FONT></U></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Non-current assets</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Intangible assets, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">413,893</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">373,253</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Property, plant and equipment, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">825,981</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">671,774</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Investment in associates</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">6,017</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">5,367</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Financial assets:</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Financial assets available for sale</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">24</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">6,307</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pledged deposits</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">4,866</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">6,500</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Deferred taxation</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">3,092</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">4,817</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD width="78%" align="left">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
     <TD width="2%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Total non-current assets</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,253,873</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,068,018</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD width="78%" align="left">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
     <TD width="2%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Current assets</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Financial assets:</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"></FONT> Financial
assets at fair value through profit or loss</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">354,124</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">327,803</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Financial assets held to maturity</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">7,687</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pledged deposits</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">49,712</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">47,035</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Inventories</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">27,417</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">16,369</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Trade receivables, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">127,862</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">109,165</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Amounts due from joint ventures and joint venture partners</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">22,669</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">19,244</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Amounts due from other related parties</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">129</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,781</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Prepayments and accrued income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">49,085</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">48,046</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Supplier advances and other current assets</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">131,790</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">67,512</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Time deposits</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">45</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">108</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Cash and cash equivalents</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">506,751</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">596,567</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD width="78%" align="left">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
     <TD width="2%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Total current assets</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,269,584</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,241,317</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD width="78%" align="left">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="2%">
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
     <TD width="2%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Assets held for sale</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">4,638</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">250,087</FONT>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD width="78%" align="left">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
          <HR noshade size=2>
</TD>
	<TD width="2%">
<HR noshade size=2>
</TD>
	<TD width="8%">
<HR noshade size=2>
</TD>
     <TD width="2%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Total assets</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">2,528,095</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">2,559,422</FONT></B>
</TD>
     <TD width=2% align=right>&nbsp;</TD>
</TR>
<TR>
	<TD width="78%" align="left">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=2>
</TD>
	<TD width="2%">
<HR noshade size=2>
</TD>
	<TD width="8%">
<HR noshade size=2>
</TD>
     <TD width="2%">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="right">
<FONT size=2 face="serif">11</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<P align="center">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="serif">Millicom International Cellular S.A. <br>
Consolidated balance sheets <br>
as at June 30, 2006 and December 31, 2005 </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
     <TD align=left><HR noshade size=2>
     </TD>
     <TD><HR noshade size=2>
     </TD>
     <TD align=right><HR noshade size=2>
     </TD>
     <TD align=left><HR noshade size=2>
     </TD>
     <TD align=right>
          <HR noshade size=2>
     </TD>
     <TD align=left><HR noshade size=2>
     </TD>
</TR>
<TR valign="bottom">
     <TD align=left> </TD>
     <TD>&nbsp; </TD>
     <TD align=right nowrap> <B><FONT size=2 face="serif"> June 30, 2006</FONT></B> </TD>
     <TD align=left nowrap> </TD>
     <TD align=right nowrap><B><FONT size=2 face="serif">Dec.  31, 2005&#134;</FONT></B> </TD>
     <TD align=left> </TD>
</TR>
<TR valign="bottom">
     <TD align=left> </TD>
     <TD>&nbsp; </TD>
     <TD align=right nowrap> <FONT size=2 face="serif">(Unaudited)<br>
          US$ &#146;000</FONT></TD>
     <TD align=left nowrap> </TD>
     <TD align=right nowrap> <FONT size=2 face="serif">(Audited)<br>
          US$ &#146;000</FONT> </TD>
     <TD align=left> </TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><U><FONT size=2 face="serif">Equity and liabilities</FONT></U></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Equity</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Share capital and premium (represented by 100,451,254 shares as of June 30, 2006)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">367,400</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">465,157</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Treasury stock</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(8,833</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Other reserves</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(13,590</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(15,217</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Retained losses brought forward</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(39,799</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(151,779</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Net Profit for the period / year</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">67,261</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">10,043</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">381,272</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">299,371</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Minority Interest</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">24,184</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">34,179</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Total equity</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">405,456</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">333,550</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Liabilities</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<B><FONT size=2 face="serif">Non-current liabilities</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Debt and other financing:</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">10% Senior Notes</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">538,122</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">537,599</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">4% Convertible Notes &#150; Debt component</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">167,129</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">163,284</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Other debt and financing</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">152,860</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">120,041</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Other non-current liabilities</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">175,334</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">203,988</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Deferred taxation</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">34,781</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">45,228</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Total non-current liabilities</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,068,226</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,070,140</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<B><FONT size=2 face="serif">Current liabilities</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Debt and other financing:</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">5% Mandatory Exchangeable Notes &#150; Debt component</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">353,815</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">315,359</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Other debt and financing</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">115,211</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">96,340</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Trade payables</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">271,417</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">210,540</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Amounts due to joint ventures and joint venture partners</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">18,105</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">14,122</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp; &nbsp;<FONT size=2 face="serif">Amounts due to related parties</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">4,318</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">4,780</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Accrued interest and other expenses</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">75,835</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">61,236</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
 &nbsp;<FONT size=2 face="serif">Other current liabilities</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">215,174</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">206,631</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Total current liabilities</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,053,875</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">909,008</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Liabilities directly associated with assets held for sale</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">538</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">246,724</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Total liabilities</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">2,122,639</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">2,225,872</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Total equity and liabilities</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">2,528,095</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">2,559,422</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><HR noshade size=2></TD>
     <TD align=left><HR noshade size=2></TD>
     <TD align=right><HR noshade size=2></TD>
     <TD align=left><HR noshade size=2></TD>
</TR>
</TABLE>
<BR>
<P align="right">
<FONT size=2 face="serif">12</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<div align="center"><br>
     <br>

     <B><FONT size=2 face="serif">Millicom International Cellular S.A. </FONT></B><BR>
          <B><FONT size=2 face="serif">Condensed consolidated statements of cash flows </FONT></B><BR>
          <B><FONT size=2 face="serif">for the six months ended June 30, 2006 and 2005 </FONT></B></div>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
     <TD width="78%" align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
     <TD width="78%" align=left><HR noshade size=2>
     </TD>
     <TD><HR noshade size=2>
     </TD>
     <TD align=right><HR noshade size=2>
     </TD>
     <TD align=left><HR noshade size=2>
     </TD>
     <TD align=right>
          <HR noshade size=2>
     </TD>
     <TD align=left><HR noshade size=2>
     </TD>
</TR>
<TR valign="bottom">
     <TD width="78%" align=left> </TD>
     <TD>&nbsp; </TD>
     <TD align=right nowrap> <B><FONT size=2 face="serif"> June 30, 2006</FONT></B> </TD>
     <TD align=left nowrap> </TD>
     <TD align=right nowrap><B><FONT size=2 face="serif">June 30, 2005</FONT></B> </TD>
     <TD align=left> </TD>
</TR>
<TR valign="bottom">
     <TD width="78%" align=left> </TD>
     <TD>&nbsp; </TD>
     <TD align=right nowrap> <FONT size=2 face="serif">(Unaudited)<br>
          US$ &#146;000</FONT></TD>
     <TD align=left nowrap> </TD>
     <TD align=right nowrap> <FONT size=2 face="serif">(Unaudited)<br>
          US$ &#146;000</FONT> </TD>
     <TD align=left> </TD>
</TR>
<TR valign="bottom">
     <TD width=78% align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">EBITDA</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">298,829</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">248,827</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Movements in working capital</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">15,873</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">16,330</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Cash generated from operations</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">314,702</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">265,157</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Corporate costs</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(19,346</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(12,498</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Net interest paid</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(40,623</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(46,382</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Taxes paid</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(56,626</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(43,881</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Net cash provided by operating activities</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">198,107</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">162,396</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Cash flow used by investing activities</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(335,651</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(142,117</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Cash flow provided by financing activities</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">45,347</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">186,721</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Cash effect of exchange rate changes</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">2,381</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">30</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Net increase / (decrease) in cash and cash equivalents</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">(89,816</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">)</FONT></B>
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">207,030</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<FONT size=2 face="serif">Cash and cash equivalents, beginning</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">596,567</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">413,381</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
<B><FONT size=2 face="serif">Cash and cash equivalents, ending</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">506,751</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
<B><FONT size=2 face="serif">620,411</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
          <HR noshade size=2>
</TD>
	<TD>
          <HR noshade size=2>
</TD>
	<TD width="8%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
</TR>
<TR>
     <TD></TD>
     <TD></TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="center">
<B><FONT size=2 face="serif">Millicom International Cellular S.A. <br>
</FONT></B><B><FONT size=2 face="serif">Condensed consolidated statements of changes in equity <br>
for the six months ended June 30, 2006 and 2005</FONT></B></P>
<TABLE width="95%" border=0 cellpadding=0 cellspacing=0>
     <TR valign="bottom">
          <TD align=left>&nbsp;</TD>
          <TD>&nbsp;</TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
     </TR>
     <TR valign="bottom">
          <TD align=left><HR noshade size=2>
          </TD>
          <TD><HR noshade size=2>
          </TD>
          <TD align=right><HR noshade size=2>
          </TD>
          <TD align=left><HR noshade size=2>
          </TD>
          <TD align=right>
               <HR noshade size=2>
          </TD>
          <TD align=left><HR noshade size=2>
          </TD>
     </TR>
     <TR valign="bottom">
          <TD align=left> </TD>
          <TD>&nbsp; </TD>
          <TD align=right nowrap> <B><FONT size=2 face="serif"> June 30, 2006</FONT></B> </TD>
          <TD align=left nowrap> </TD>
          <TD align=right nowrap><B><FONT size=2 face="serif">June 30, 2005</FONT></B> </TD>
          <TD align=left> </TD>
     </TR>
     <TR valign="bottom">
          <TD align=left> </TD>
          <TD>&nbsp; </TD>
          <TD align=right nowrap> <FONT size=2 face="serif">(Unaudited)<br>
               US$ &#146;000</FONT></TD>
          <TD align=left nowrap> </TD>
          <TD align=right nowrap> <FONT size=2 face="serif">(Unaudited)<br>
               US$ &#146;000</FONT> </TD>
          <TD align=left> </TD>
     </TR>
     <TR valign="bottom">
          <TD align=left>&nbsp;</TD>
          <TD>&nbsp;</TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
          <TD align=right>&nbsp;</TD>
          <TD align=left></TD>
     </TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Equity as at January 1</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">333,550</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">280,437</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Derecognition of negative goodwill on January 1</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">8,202</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Profit (loss) for the period</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">67,261</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">(6,386</FONT>
</TD>
	<TD width=2% align=left>
          <FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Stock compensation</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">6,593</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">1,508</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Fair value gain on available for sale financial assets</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">(3,308</FONT>
</TD>
	<TD width=2% align=left>
          <FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Shares issued via the exercise of stock options</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">11,797</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">2,866</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Equity component of 4% Convertible Bonds</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">39,109</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Movement in currency translation reserve</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">(442</FONT>
</TD>
	<TD width=2% align=left>
          <FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">(1,595</FONT>
</TD>
	<TD width=2% align=left>
          <FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Minority interest</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">(9,995</FONT>
</TD>
	<TD width=2% align=left>
          <FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">(725</FONT>
</TD>
	<TD width=2% align=left>
          <FONT size=2 face="serif">)</FONT>
</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=78% align=left>
          <FONT size=2 face="serif">Equity as at June 30</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">405,456</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=8% align=right>
          <FONT size=2 face="serif">323,416</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="78%">
</TD>
	<TD>
</TD>
	<TD width="8%">
          <HR noshade size=2>
</TD>
	<TD>
          <HR noshade size=2>
</TD>
	<TD width="8%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
</TR>
</TABLE>
<font size="2"><BR>
</font>
<P align="right">
     <FONT size=2 face="serif">13 </FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<P align="center">
<B><FONT size=2 face="serif">Millicom International Cellular S.A. <br>
Quarterly analysis by cluster <br>
(Unaudited) </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD width=32% align=left><HR noshade size=2>

</TD>
	<TD width=2%><HR noshade size=2>
</TD>
	<TD width=9% align=left><HR noshade size=2>

</TD>
	<TD width=2% align=left><HR noshade size=2>

</TD>
	<TD width=9% align=left><HR noshade size=2>

</TD>
	<TD width=2% align=left><HR noshade size=2>

</TD>
	<TD width=9% align=left><HR noshade size=2>

</TD>
	<TD width=2% align=left><HR noshade size=2>

</TD>
	<TD width=9% align=left><HR noshade size=2>

</TD>
	<TD width=2% align=left><HR noshade size=2>

</TD>
	<TD width=9% align=left><HR noshade size=2>

</TD>
	<TD width=2% align=left><HR noshade size=2>

</TD>
	<TD width=9% align=center>
<HR noshade size=2></TD>
	<TD width=2% align=left><HR noshade size=2>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">Q2 06</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">Q1 06</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">Q4 05</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">Q3 05</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">Q2 05</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD colspan="2" align=right nowrap>
<B><FONT size=2 face="serif">Increase<br>
Q2 05 to Q2 06</FONT></B>
</TD>
	</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<B><FONT size=2 face="serif">Total cellular subs</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Central America</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">3,647,697</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">3,166,682</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,737,126</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,314,053</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,063,247</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">77</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South America</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">1,715,347</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,521,356</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,337,739</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,152,309</FONT>
</TD>
	<TD width=2% align=left>


</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,056,475</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">62</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Africa</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">2,689,513</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,271,157</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,006,634</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,695,265</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,425,291</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">89</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South Asia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">1,856,396</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,007,669</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,997,150</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,966,724</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,923,088</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-3</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South East Asia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">994,324</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">924,828</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">850,336</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">784,188</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">737,548</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">35</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Total</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">10,903,277</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">9,891,692</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">8,928,985</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">7,912,539</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">7,205,649</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">51</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Vietnam</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">16.67% of Honduras</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Pakcom</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(394,937</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(421,242</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(434,049</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(454,147</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<B><FONT size=2 face="serif">Pro forma total*</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">10,903,277</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">9,496,755</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">8,507,743</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">7,478,490</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">6,751,502</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">62</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<B><FONT size=2 face="serif">Attributable cellular subs</FONT></B>
</TD>
	<TD width=2% align=left>&nbsp;</TD>
	<TD width=9% align=left>&nbsp;</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Central America</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">2,567,464</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,229,018</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,935,272</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,652,924</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,484,783</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">73</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South America</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">1,715,347</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,521,356</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,337,739</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,152,309</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,056,475</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">62</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Africa</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">2,571,130</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,156,391</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,896,084</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,597,839</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,337,729</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">92</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South Asia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">1,856,395</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,007,669</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,997,150</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,966,724</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,923,088</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-3</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South East Asia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">615,329</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">573,232</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">528,708</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">486,161</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">454,880</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">35</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Total</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">9,325,665</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">8,487,666</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">7,694,953</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">6,855,957</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">6,256,955</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">49</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Vietnam</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">16.67% of Honduras</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Pakcom</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(394,937</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(421,242</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(434,049</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(454,147</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<B><FONT size=2 face="serif">Pro forma total*</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">9,325,665</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">8,092,729</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">7,273,711</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">6,421,908</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">5,802,808</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">61</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<B><FONT size=2 face="serif">Revenues (US$ &#146;000)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Central America</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">181,420</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">156,567</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">141,986</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">120,370</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">101,652</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">78</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South America</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">51,458</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">44,690</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">40,018</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">36,582</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">33,383</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">54</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Africa</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">72,719</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">66,690</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">58,067</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">50,390</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">47,986</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">52</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South Asia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">28,820</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">28,351</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">28,913</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">30,490</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">31,611</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-9</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South East Asia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">26,198</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">25,000</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">23,903</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">21,832</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">45,492</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-42</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Other </FONT><SUP><FONT size=2 face="serif">(i)</FONT></SUP>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">1,016</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">903</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">844</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">965</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">604</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">68</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Total</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">361,631</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">322,201</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">293,731</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">260,629</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">260,728</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">39</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Vietnam</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(519</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(24,457</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">16.67% of Honduras</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">4,489</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Pakcom</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">(4,865</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">)</FONT></B>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(5,990</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(6,702</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(7,830</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(9,938</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<B><FONT size=2 face="serif">Pro forma total*</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">356,247</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">316,211</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">287,029</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">252,799</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">230,822</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">54</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<B><FONT size=2 face="serif">EBITDA (US$ &#146;000)</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=left>

</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Central America</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">94,110</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">79,015</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">75,071</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">62,470</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">51,136</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">84</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South America</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">22,416</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">18,574</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">16,634</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">14,134</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">13,814</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">62</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Africa</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">28,944</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">29,702</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">21,446</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">21,943</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">23,568</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">23</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South Asia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">2,424</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">5,042</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">7,617</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">6,113</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">6,397</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-62</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">South East Asia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">8,837</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">10,096</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">11,014</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">6,622</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">27,500</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-68</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Other </FONT><SUP><FONT size=2 face="serif">(i)</FONT></SUP>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">(104</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">)</FONT></B>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(227</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(1,962</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">442</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(132</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-21</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Total</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">156,627</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">142,202</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">129,820</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">111,724</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">122,283</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">28</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Vietnam</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">654</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">538</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">425</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">1,251</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(19,554</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">16.67% of Honduras</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">2,614</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<FONT size=2 face="serif">Pakcom</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">(984</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">)</FONT></B>
</TD>
	<TD width=9% align=right>
<FONT size=2 face="serif">(1,114</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">(3,075</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">)</FONT></B>
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">(1,320</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">)</FONT></B>
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">(3,472</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">)</FONT></B>
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR valign="bottom">
	<TD width=32% align=left>
<B><FONT size=2 face="serif">Pro forma total*</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">156,297</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">141,626</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">127,170</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">111,655</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">101,871</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=9% align=right>
<B><FONT size=2 face="serif">53</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
</TR>
<TR>
	<TD width="32%">
</TD>
	<TD>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="9%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
</TR>
<TR>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
     <TD><HR noshade size=1></TD>
</TR>
</TABLE>
<P>
<B><SUP><FONT size=2 face="serif">* </FONT></SUP></B><I><FONT size=2 face="serif">Pro forma numbers for current and previous quarters exclude Millicom&#146;s operation in Vietnam, where the BCC ended on May 18, 2005, include Millicom&#146;s joint
venture in Honduras with a percentage ownership of 66.67%, to reflect the increase in ownership from 50% to 66.67% in May 2005 and exclude Pakcom, Millicom&#146;s TDMA operation in Pakistan, which Millicom sold at the end of June
2006.</FONT></I><FONT size=2 face="serif"> </FONT></P>
<I><FONT size=2 face="serif">(i) Excludes discontinued operations.</FONT></I><P align="right">
<FONT size=2 face="serif">14</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<P align="center">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="serif"> Millicom International Cellular S.A.<br>
Total subscribers and market position by country<br>
(Unaudited) </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD width="8%" align=center valign="top"><HR noshade size=2></TD>
     <TD align="center" valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align="center" valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align=center valign="top"><HR noshade size=2></TD>
     <TD align=left><HR noshade size=2></TD>
     <TD width="6%" align=left></TD>
</TR>
<TR valign="bottom">
	<TD colspan="3" align=center valign="top">          <b><font size=2 face="serif">Country
	               and Equity<br>
Holding</font></b> </TD>
	<TD width=2% align="center" valign="top">&nbsp;
</TD>
	<TD width=12% align=center valign="top">
<B><FONT size=2 face="serif">Country<br>
Population<br>
(millions)<sup>(i)</sup></FONT></B>
</TD>
	<TD width=2% align="center" valign="top">&nbsp;
</TD>
	<TD width=12% align=center valign="top">
<B><FONT size=2 face="serif">MIC Market</FONT></B> <br><B><FONT size=2 face="serif">Position </FONT></B><B><SUP><FONT size=2 face="serif">(ii)</FONT></SUP></B>
</TD>
	<TD width=2% align=center valign="top">

</TD>
	<TD colspan="5" align=center valign="top">	     <b><font size=2 face="serif">Total Subscribers</font></b>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">06 Q2</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif"></FONT></B>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">05 Q2</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif"></FONT></B>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">y-o-y<br>
Growth</FONT></B></TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B></B>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD colspan="3" align=left>          <b><font size=2 face="serif">Central America</font></b> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">El Salvador</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">6.7</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">1 of 5</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">962,822</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">614,371</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">57</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Guatemala</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(55.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">12.7</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">2 of 3</FONT>
</TD>
	<TD width=2% align=left>&nbsp;</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">1,588,069</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">818,616</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">94</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Honduras</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(66.7%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">7.0</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">1 of 2 </FONT>
</TD>
	<TD width=2% align=left>&nbsp;</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">1,096,806</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">630,260</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">74</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">3,647,697</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">2,063,247</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">77</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="3" align=left>          <b><font size=2 face="serif">South America</font></b> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Bolivia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">8.9</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">2 of 3</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">765,896</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">511,414</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">50</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Paraguay</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(96.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">6.3</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">1 of 4</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">949,451</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">545,061</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">74</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">1,715,347</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">1,056,475</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">62</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<B><FONT size=2 face="serif">Africa</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Chad</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(87.5%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">9.8</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">2 of 2</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">134,282</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">DRC</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">60.1</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">4 of 4</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">47,702</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Ghana</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">21.0</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">2 of 4</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">737,749</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">332,557</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">122</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Mauritius</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(50.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">1.2</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">2 of 2</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">236,764</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">175,124</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">35</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Senegal</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">11.1</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">2 of 2</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">751,906</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">531,568</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">41</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Sierra Leone</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">6.0</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">3 of 5</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">28,771</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">30,543</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-6</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Tanzania</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">36.8</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">3 of 4</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">752,339</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">355,499</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">112</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">2,689,513</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">1,425,291</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">89</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="3" align=left>	     <b><font size=2 face="serif">South Asia</font></b>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Pakcom</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">6 of 6</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">454,147</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Paktel</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(88.9%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">162.4</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">5 of 6</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">1,143,376</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">924,486</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">24</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Sri Lanka</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100.0%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">20.1</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">2 of 4</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">713,020</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">544,455</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">31</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">1,856,396</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">1,923,088</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-3</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="3" align=left>          <b><font size=2 face="serif">South East Asia</font></b> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Cambodia</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(58.4%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">13.6</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">1 of 4</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">911,593</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">679,898</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">34</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Laos</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(74.1%)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">6.2</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">3 of 5</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif"></FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">82,731</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">57,650</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">44</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>
<FONT size=2 face="serif">Vietnam</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">83.5</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">994,324</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">737,548</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">35</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
	<TD width="12%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
	<TD width="12%">
<HR noshade size=2>
</TD>
	<TD>
<HR noshade size=2>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="3" align=left>          <b><font size=2 face="serif">Total Subscribers</font></b> </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">10,903,277</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">7,205,649</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">51</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD></TD>
	<TD width="8%"></TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left><font size=2 face="serif">Vietnam</font>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>&nbsp;

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD colspan="3" align=left><font size=2 face="serif">16.67% of Honduras</font>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=12% align=left><font size=2 face="serif">Pakcom</font>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>&nbsp;

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">(454,147</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">-</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=6% align=left></TD>
</TR>
<TR>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
</TD>
	<TD>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
	<TD width="12%">
<HR noshade size=1>
</TD>
	<TD>
<HR noshade size=1>
</TD>
     <TD width="6%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD colspan="3" align=left><b><font size=2 face="serif">Pro forma Total Subs*</font></b>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=12% align=left>

</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">10,903, 277</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<FONT size=2 face="serif">6,751,502</FONT>
</TD>
	<TD width=2% align=left>

</TD>
	<TD width=12% align=right>
<B><FONT size=2 face="serif">62</FONT></B>
</TD>
	<TD width=2% align=left>
<B><FONT size=2 face="serif">%</FONT></B>
</TD>
     <TD width=6% align=left>&nbsp;</TD>
</TR>
</TABLE>
<BR>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD width="5%" valign=top nowrap>
<I><FONT size=2 face="serif">(i)</FONT></I></TD>
	<TD>
<I><FONT size=2 face="serif">Source: CIA The World Fact Book &#150; except for Guatemala: local source</FONT></I></TD>
</TR><TR>
	<TD width="5%" valign=top nowrap>
<I><FONT size=2 face="serif">(ii)</FONT></I></TD>
	<TD>
<I><FONT size=2 face="serif">Source: Millicom. Market share derived from active subscribers based on interconnect</FONT></I></TD>
</TR></TABLE>
<P align="right">
<FONT size=2 face="serif">15</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<P align="center">
<B><U><FONT size=2 face="serif">PRO FORMA CONSOLIDATED STATEMENTS OF PROFIT AND LOSS</FONT></U></B><B><FONT size=2 face="serif"> </FONT></B></P>
<P>
<FONT size=2 face="serif">The following table presents Millicom&#146;s pro forma consolidated statements of profit and loss on an ongoing basis, excluding Millicom&#146;s operation in Vietnam for which the Business Cooperation Contract ended on May
18, 2005, including Millicom&#146;s joint venture in Honduras with a percentage ownership of 66.67%, in order to reflect the increase in ownership from 50% to 66.67% in May 2005 and excluding Pakcom, Millicom&#146;s TDMA operation in Pakistan, which
Millicom sold at the end of June 2006. </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">Pro forma consolidated statements of profit and loss<br>
for the three months ended June 30, 2006 and 2005 </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD width=64% align=left><HR noshade size=1>

</TD>
	<TD width=2%><HR noshade size=1>
</TD>
	<TD width=8% align=right>
<HR noshade size=1>
</TD>
	<TD width=1% align=left><HR noshade size=1>

</TD>
	<TD width=2% align=right><HR noshade size=1></TD>
	<TD width=8% align=right>
<HR noshade size=1>
</TD>
	<TD width=1% align=left><HR noshade size=1>

</TD>
	<TD width=2% align=right><HR noshade size=1></TD>
	<TD width=8% align=right>
<HR noshade size=1>
</TD>
	<TD width=2% align=left><HR noshade size=1>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right nowrap>
<B><FONT size=2 face="serif">Quarter ended<br>
June 30, 2006</FONT></B>
</TD>
	<TD width=1% align=left nowrap>

</TD>
	<TD width=2% align=right nowrap>&nbsp;</TD>
	<TD width=8% align=right nowrap>
<B><FONT size=2 face="serif">Quarter ended<br>
June 30, 2005</FONT></B>
</TD>
	<TD width=1% align=left nowrap>

</TD>
	<TD width=2% align=right nowrap>&nbsp;</TD>
	<TD width=8% align=right nowrap>
<B><FONT size=2 face="serif">Change<br>
from Q2 05</FONT></B>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>&nbsp;
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>&nbsp;
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=left></TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(Unaudited)<br>
US$ &#146;000</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(Unaudited)</FONT> <br><FONT size=2 face="serif">US$ &#146;000</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=left></TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
     <TD width=64% align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width=8% align=right>&nbsp;</TD>
     <TD width=1% align=left></TD>
     <TD width=2% align=right>&nbsp;</TD>
     <TD width=8% align=right>&nbsp;</TD>
     <TD width=1% align=left></TD>
     <TD width=2% align=right>&nbsp;</TD>
     <TD width=8% align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD width="2%" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
<B><FONT size=2 face="serif">Revenues</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">356,247</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">230,822</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">54</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
     <TD width=64% align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD width=1% align=left></TD>
     <TD width=2% align=left></TD>
     <TD align=left></TD>
     <TD width=1% align=left></TD>
     <TD width=2% align=left></TD>
     <TD align=left></TD>
     <TD align=left></TD>
     <TD width="2%" align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
<B><FONT size=2 face="serif">Operating expenses</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=left></TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=left></TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Cost of sales (excluding depreciation and</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=left></TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=left></TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">amortization)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(101,506</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(66,423</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">53</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Sales and marketing</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(55,917</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(34,446</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">62</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">General and administrative expenses</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(42,728</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(28,082</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">52</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Other operating income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">201</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">0</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%"></TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
<B><FONT size=2 face="serif">EBITDA</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">156,297</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">101,871</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">53</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Corporate costs</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(10,095</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(5,909</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">71</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Stock compensation</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(5,839</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(893</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">554</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Write-down of assets, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,980</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(4,958</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Gain from sale of subsidiaries and joint ventures,</FONT> <font size=2 face="serif">net</font>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">4,478</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,303</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">244</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Depreciation and amortization</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(51,873</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(37,444</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">39</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">

</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%"></TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
<B><FONT size=2 face="serif">Operating profit</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">94,948</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">53,970</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">72</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
     <TD width=64% align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD width=1% align=left>&nbsp;</TD>
     <TD width=2% align=right>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD width=1% align=left>&nbsp;</TD>
     <TD width=2% align=right>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD width="2%" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Valuation movement on investment in securities</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(46,922</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(43,291</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">8</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Fair value result on financial instruments</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">59,515</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">8,352</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">613</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Interest expense</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(32,831</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(31,750</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">3</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Interest and other income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">4,877</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">4,129</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">18</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Exchange gain (loss), net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(23,747</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">31,090</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Profit from associated companies</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">393</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">336</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">17</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%"></TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<B><FONT size=2 face="serif">Profit before taxes</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">56,233</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">22,836</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">146</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
     <TD width=64% align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD width=1% align=left>&nbsp;</TD>
     <TD width=2% align=right>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD width=1% align=left>&nbsp;</TD>
     <TD width=2% align=right>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD width="2%" align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Taxes</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(22,375</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(14,568</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">54</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%"></TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<B><FONT size=2 face="serif">Net Profit after taxes</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">33,858</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">8,268</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">310</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Minority interest</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(497</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(1,609</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-69</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD>
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%"></TD>
	<TD width="8%">
</TD>
	<TD>
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<B><FONT size=2 face="serif">Net Profit for the period from continuing operations</font></b>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">33,361</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">6,659</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=right>&nbsp;</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">401</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>&nbsp;
 </TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=left></TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2% align=left></TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD>
</TD>
	<TD width="8%">
          <HR noshade size=2>
</TD>
	<TD width="1%">
          <HR noshade size=2>
</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="8%">
<HR noshade size=2>
</TD>
	<TD width="1%">
<HR noshade size=2>
</TD>
	<TD width="2%"></TD>
	<TD width="8%"></TD>
	<TD></TD>
     <TD width="2%"></TD>
</TR>
</TABLE>
<P align="right">
<FONT size=2 face="serif">16</FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>

<P align="center">
<B><FONT size=2 face="serif">Pro forma consolidated statements of profit and loss <br>
for the six months ended June 30, 2006 and 2005 </FONT></B></P>
<TABLE width=95% border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
     <TD align=left><HR noshade size=1>
     </TD>
     <TD><HR noshade size=1>
     </TD>
     <TD align=right>
          <HR noshade size=1>
     </TD>
     <TD align=left><HR noshade size=1>
     </TD>
     <TD align=right><HR noshade size=1></TD>
     <TD align=right>
          <HR noshade size=1>
     </TD>
     <TD align=left><HR noshade size=1>
     </TD>
     <TD align=right><HR noshade size=1></TD>
     <TD align=right>
          <HR noshade size=1>
     </TD>
     <TD align=left><HR noshade size=1>
     </TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
     <TD align=left> </TD>
     <TD>&nbsp; </TD>
     <TD align=right nowrap> <B><FONT size=2 face="serif">Six months ended<br>
          June 30, 2006</FONT></B> </TD>
     <TD align=left nowrap> </TD>
     <TD align=right nowrap>&nbsp;</TD>
     <TD align=right nowrap> <B><FONT size=2 face="serif">Six months ended<br>
          June 30, 2005</FONT></B> </TD>
     <TD align=left nowrap> </TD>
     <TD align=right nowrap>&nbsp;</TD>
     <TD align=right nowrap> <B><FONT size=2 face="serif">Change<br>
          from H1 05</FONT></B> </TD>
     <TD align=left> </TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
     <TD align=left> </TD>
     <TD>&nbsp; </TD>
     <TD align=right>&nbsp; </TD>
     <TD align=left> </TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right>&nbsp; </TD>
     <TD align=left> </TD>
     <TD align=left></TD>
     <TD align=left> </TD>
     <TD align=left> </TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
     <TD align=left> </TD>
     <TD>&nbsp; </TD>
     <TD align=right> <FONT size=2 face="serif">(Unaudited)<br>
          US$ &#146;000</FONT> </TD>
     <TD align=left> </TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right> <FONT size=2 face="serif">(Unaudited)</FONT> <br>
               <FONT size=2 face="serif">US$ &#146;000</FONT> </TD>
     <TD align=left> </TD>
     <TD align=left></TD>
     <TD align=left> </TD>
     <TD align=left> </TD>
     <TD align=left></TD>
</TR>
<TR valign="bottom">
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left></TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
<B><FONT size=2 face="serif">Revenues</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">672,458</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">445,124</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">51</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
<B><FONT size=2 face="serif">Operating expenses</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Cost of sales (excluding depreciation and</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(191,320</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(127,864</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">50</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">amortization)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=left>

</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Sales and marketing</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(102,676</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(70,598</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">45</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">General and administrative expenses</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(81,236</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(54,269</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">50</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Other operating income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">697</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">661</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">5</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
</TD>
	<TD width="2%">
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
<B><FONT size=2 face="serif">EBITDA</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">297,923</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">193,054</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">54</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Corporate costs</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(19,346</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(12,498</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">55</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Stock compensation</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(6,593</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(1,508</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">337</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Write-down of assets, net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">993</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(6,238</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Gain from sale of subsidiaries and joint ventures,</FONT> <font size=2 face="serif">net</font>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">5,467</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">1,525</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">258</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Depreciation and amortization</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(100,831</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(73,941</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">36</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
</TD>
	<TD width="2%">
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
<B><FONT size=2 face="serif">Operating profit</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">177,613</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">100,394</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">74</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Valuation movement on investment in securities</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(16,830</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(98,803</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-83</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Fair value result on financial instruments</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">42,990</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">34,577</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">24</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Interest expense</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(66,501</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(64,380</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">3</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Interest and other income</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">10,736</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">8,594</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">25</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Exchange gain (loss), net</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(30,830</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">50,897</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Profit from associated companies</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">655</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">398</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">65</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
</TD>
	<TD width="2%">
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<B><FONT size=2 face="serif">Profit before taxes</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">117,833</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">31,677</FONT>

</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">272</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Taxes</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(47,978</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(28,844</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">66</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
</TD>
	<TD width="2%">
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<B><FONT size=2 face="serif">Net Profit after taxes</FONT></B>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">69,855</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">2,833</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">2,366</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<FONT size=2 face="serif">Minority interest</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(2,110</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(3,338</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-37</FONT>
</TD>
	<TD width=2% align=left>
<FONT size=2 face="serif">%</FONT>
</TD>
     <TD width=2% align=left>&nbsp;</TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=1>
</TD>
	<TD width="1%">
<HR noshade size=1>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
</TD>
	<TD width="2%">
</TD>
     <TD width="2%"></TD>
</TR>
<TR valign="bottom">
	<TD width=64% align=left>
 &nbsp;<B><FONT size=2 face="serif">Net Profit / (loss) for the period from continuing operations</font></b>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">67,745</FONT>
</TD>
	<TD width=1% align=left>

</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">(505</FONT>
</TD>
	<TD width=1% align=left>
<FONT size=2 face="serif">)</FONT>
</TD>
	<TD width=2%>&nbsp;
</TD>
	<TD width=8% align=right>
<FONT size=2 face="serif">-</FONT>
</TD>
	<TD width=2% align=left>

</TD>
     <TD width=2% align=left></TD>
</TR>
<TR>
	<TD width="64%">
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
          <HR noshade size=2>
</TD>
	<TD width="1%">
          <HR noshade size=2>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
<HR noshade size=2>
</TD>
	<TD width="1%">
<HR noshade size=2>
</TD>
	<TD width="2%">
</TD>
	<TD width="8%">
</TD>
	<TD width="2%">
</TD>
     <TD width="2%"></TD>
</TR>
</TABLE>
<BR>
<P align="right">
<FONT size=2 face="serif">17</FONT></P>

<HR noshade align="center" width="100%" size=2>
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<SEQUENCE>2
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M)+HD?G4I2G*4YRE.<FY2G)N4I2;NY2DVVVWJVVVWN.3[P_'^1J:H4^\/Q_D:
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
