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<SEC-DOCUMENT>0000950103-07-000390.txt : 20070214
<SEC-HEADER>0000950103-07-000390.hdr.sgml : 20070214
<ACCEPTANCE-DATETIME>20070214114349
ACCESSION NUMBER:		0000950103-07-000390
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070214
FILED AS OF DATE:		20070214
DATE AS OF CHANGE:		20070214

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:		07615951

	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>dp04726_6k.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
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<BODY bgcolor="#ffffff">




<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=center><hr size="4" noshade color="#000000" style="margin-top: -2px">
    <hr size="1" noshade color="#000000" style="margin-top: -10px"></TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">FORM 6-K</FONT></B>      </TD>
</TR>
<TR>
        <TD>&nbsp;      </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">SECURITIES AND EXCHANGE COMMISSION</FONT></B>    </TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">Washington, D.C. 20549</FONT></B>        </TD>
</TR>
<TR>
        <TD>&nbsp;      </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">Report of Foreign Issuer</FONT></B>      </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">Pursuant to Rule 13a-16 or 15d-16 of</FONT></B>  </TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">the Securities Exchange Act of 1934</FONT></B>   </TD>
</TR>
<TR valign="bottom">
  <TD align=center nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100% nowrap>
<B><FONT face="serif" size="3">Date of Report (Date of earliest event reported): </FONT></B><FONT face="serif" size="3">February
14,
2007</FONT>     </TD>
</TR>
<TR valign="bottom">
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<FONT face="serif" size="3">Commission File Number: 000-22828</FONT>    </TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
        <TD align=center width=100% nowrap>
<B><FONT face="serif" size="3">MILLICOM INTERNATIONAL</FONT></B>        </TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">CELLULAR S.A.</FONT></B> </TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">75 Route de Longwy</FONT></B>    </TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT face="serif" size="3">Box 23, L-8080 Bertrange</FONT></B>      </TD>
</TR>

<TR valign="bottom">
        <TD align=center width=100% nowrap>
<B><FONT face="serif" size="3">Grand-Duchy of Luxembourg</FONT></B>     </TD>
</TR>
<TR>
        <TD>
<HR align="center" width="50%" size=1 noshade>  </TD>
</TR>
<TR valign="bottom">
        <TD align=center width=100% nowrap>
<FONT face="serif" size="3">(Address of principal executive offices)</FONT>     </TD>
</TR>
</TABLE>
<BR>

<blockquote>
<blockquote>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size="3">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>

<div align="center">
  <table width="60%" border=0 cellpadding=0 cellspacing=0>
    <tr align="center">
      <td width="40%" align="right" valign="top"><font size="3" face="serif">Form
        20-F <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u> </font></td>
      <td width="20%" align="left" valign="top">&nbsp;</td>
      <td width="40%" align="left" valign="top"><font size="3" face="serif">Form
        40-F <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
    </tr>
  </table>
</div>
<BR>

<blockquote>
<blockquote>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size="3">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 align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size="3">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 align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size="3">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>
<div align="center">
  <table width="60%" border=0 cellpadding=0 cellspacing=0>
    <tr align="center">
      <td width="40%" align="right" valign="top"><font size="3" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
      <td width="20%" align="left" valign="top">&nbsp;</td>
      <td width="40%" align="left" valign="top"><font size="3" face="serif">No <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u></font></td>
    </tr>
  </table>
</div>
<BR>

<blockquote>
<blockquote>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size="3">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-____________</FONT></P>
</blockquote>
</blockquote>


<hr size="1" noshade color="#000000" style="margin-top: -2px">
<hr size="4" noshade color="#000000" style="margin-top: -10px">

<br>
<br>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>


<P align="center">
<FONT face="serif" size="2">MILLICOM INTERNATIONAL CELLULAR S.A.</FONT></P>
<P align="center">
<FONT face="serif" size="2">INDEX TO EXHIBITS</FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=5% nowrap><U><FONT face="serif" size="2">Item</FONT></U></TD>
        <TD align=left width=95% nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR>
  <TD align=left width=5% nowrap><FONT face="serif" size="2">1.</FONT></TD>
        <TD align=left width=95% nowrap>
<FONT face="serif" size="2">Press release dated February 14, 2007</FONT></TD>
</TR>
</TABLE>
<BR>

<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>


<P align="center">
<U><FONT face="serif" size="2">SIGNATURES</FONT></U></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif" size="2">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>
<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" nowrap><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: February 14,
    2007</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>
</table>



<br>
<br>
<hr size=3 color=GRAY noshade>
<p style="page-break-before:always"></p>
<PAGE>
<br>
<br>


<div align="right"><strong>
<font size="2">Item 1</font>
</strong></div>
<div align="center"><img src="logo.jpg" width="158" height="76">        </div>
<P align="center"><B><FONT size=4 face="serif">MILLICOM INTERNATIONAL CELLULAR
      S.A.</FONT></B></P>
<P align="right"> <B><FONT size=2 face="serif">FOR IMMEDIATE RELEASE</FONT></B><BR>
    <FONT size=2 face="serif">February 14, 2007</FONT></P>
<P align="center"> <B><FONT size=2 face="serif">MILLICOM INTERNATIONAL CELLULAR
      S.A. ANNOUNCES RESULTS <br>
  FOR THE PERIOD ENDED DECEMBER 31, 2006 </FONT></B></P>
<P align="left"> <FONT size=2 face="serif">New York and Stockholm &#150; February
    14, 2007 &#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 and year ended December 31, 2006. </FONT></P>
<UL>
  <LI> <B><FONT size=2 face="serif">Subscriber increase for Q4 of 99%, bringing
        total subscribers to 14.9m*</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">99% increase in revenues for Q4 to &#36;544m
        (Q4 05: &#36;273m) *</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">71% increase in EBITDAfor Q4 to &#36;229m
        (Q4 05: &#36;134m) *</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">Profit before tax for Q4 of &#36;99m (Q4
        05: &#36;76m) *</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">Net Profit for Q4, including discontinued
        operations, of &#36;50m (Q4 05: &#36;16m)</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">Basic earnings per common share for Q4 of &#36;0.50
        (Q4 05: &#36;0.16)</FONT></B><br>
      <br>
  </LI>
  <LI> <B><FONT size=2 face="serif">71% increase in revenues for the full year
        to &#36;1,576m (2005: &#36;923m) *</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">64% increase in EBITDA for the full year
        to &#36;717m (2005: &#36;438m) *</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">Profit before tax for the full year of &#36;354m
        (2005: &#36;171m) *</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">Net Profit for the full year, including discontinued
        operations, of &#36;169m (2005: &#36;10m)</FONT></B></LI>
  <LI> <B><FONT size=2 face="serif">Basic Earnings per common share of &#36;1.68
        for the year to Dec 2006 (2005: &#36;0.10)</FONT></B></LI>
</UL>
<P align="left"><FONT size=2 face="serif">*Excludes discontinued operations</FONT><BR>
    <BR>
    <B><FONT size=2 face="serif">Chief Executive Officer&#146;s Review</FONT></B></P>
<P align="left"> <FONT size=2 face="serif">Marc Beuls, Chief Executive comments: &#147;In
    the fourth quarter Millicom again delivered exceptional growth surpassing
    what was a record breaking third quarter. Fourth quarter revenues increased
    by 99% from Q4 2005 to
  &#36;544m and EBITDA rose by 71% to &#36;229m. In Q4, 3.7 million new subscribers
  were added, of which 1.9m came through the acquisition of Colombia Movil. </FONT></P>
<P align="left"> <FONT size=2 face="serif">&#147;The very high levels of subscriber
    intake, 7.4 million for the whole year, went in tandem with increased capex
    during 2006. Capex for the fourth quarter was &#36;247 million giving a total
    of &#36;616 million for the year, excluding Pakistan and other discontinued
    operations. This reflected strong investment in the networks in all our regions,
    but particularly in Colombia and the Democratic Republic of Congo. The progress
    made in building a new network in Congo allowed us to launch the Tigo brand
    this January, and with over 100,000 subscribers today, the first signs for
    the Congo business are encouraging. We have also launched Tigo in Sri Lanka
    and expect Tigo to be an important catalyst for this business too. </FONT></P>
<P align="left"> <FONT size=2 face="serif">&#147;Central and South America remain
    the key drivers of growth reflecting the success of Tigo in the second year
    after launch. In the fourth quarter, revenues in Central America were up
    77% year on year and EBITDA was up 62%. In South America, excluding Colombia
    where we launched Tigo in November, underlying quarterly revenue growth was
    80% and EBITDA growth was 109%. In Africa, with revenues and EBITDA up by
    59% and 53%, respectively, we are already seeing the effect of the launch
    of Tigo and we believe that in the future our African businesses can achieve
    similar if not higher levels of growth than those we have enjoyed from Latin
    America. In the fourth quarter, we cleaned up the subscriber base in Tanzania
    which affected net subscriber intake for the quarter but helped increase
    ARPUs as these customers were inactive. </FONT></P>
<P align="left"> <B><FONT size=2 face="serif">&#147;</FONT></B><FONT size=2 face="serif">Yesterday
    we completed the sale of Paktel for an enterprise value of &#36;460 million.
    The number of subscribers for Pakistan was similar to that for Colombia and
    as such, the total number of subscribers at year-end has not been materially
    impacted. We believe our opportunity as the third operator in Colombia is
    a more attractive prospect and we expect to see Colombia Movil rise towards
    average group margins in the medium term. The current and prior year results
    have been presented to show the continuing businesses separately by segregating
    the discontinued operations. We have also merged the South Asia and South
    East Asia clusters into one Asian operation.&#148; </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 DECEMBER 31, 2006 AND 2005</FONT></U></B></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=33%><B><FONT size=2 face="serif">SUBSCRIBERS</FONT></B> </TD>
    <TD align=left width=2%><font size="2">&nbsp;</font></TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">Q4</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">Q4</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">Q on Q</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
        <td STYLE="border-color: #000000;
Border-right-Width: 0.5pt; border-right-style: solid" rowspan="19">&nbsp;</TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">2006</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">2005</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">change</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><FONT size=2 face="serif">-</FONT> <font size=2 face="serif">Total</font><font size="2" face="serif"><sup>(i)</sup></font></TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">14,945,445</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">7,511,265</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">99</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><FONT size=2 face="serif">-</FONT> <font size=2 face="serif">Attributable</font><font size="2" face="serif"><sup>(ii)</sup></font></TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">12,840,568</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">6,277,234</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">105</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR>
    <TD width="33%"><font size="2">&nbsp;</font> </TD>
    <TD width="2%"><font size="2">&nbsp;</font> </TD>
    <TD width="8%"><HR noshade size=1>
    </TD>
    <TD width="1%" GUTTER><HR noshade size=1>
    </TD>
    <TD width="2%"><HR noshade size=1></TD>
    <TD width="8%"><HR noshade size=1>
    </TD>
    <TD width="1%" GUTTER><HR noshade size=1>
    </TD>
    <TD width="2%"><HR noshade size=1></TD>
    <TD width="8%"><HR noshade size=1>
    </TD>
    <TD width="1%" GUTTER><HR noshade size=1>
    </TD>
    <TD width="2%"><font size="2">&nbsp;</font> </TD>
    <TD width="8%"><font size="2">&nbsp;</font> </TD>
    <TD width="1%" GUTTER><font size="2">&nbsp;</font> </TD>
    <TD width="2%"><font size="2">&nbsp;</font> </TD>
    <TD width="8%"><font size="2">&nbsp;</font> </TD>
    <TD width="1%" GUTTER><font size="2">&nbsp;</font> </TD>
    <TD width="2%"><font size="2">&nbsp;</font> </TD>
    <TD width="8%"><font size="2">&nbsp;</font> </TD>
    <TD width="1%" GUTTER><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><B><FONT size=2 face="serif">REPORTED NUMBERS</FONT></B> </TD>
    <TD align=left width=2%><font size="2">&nbsp;</font></TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">Q4</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">Q4</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">Q on Q</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">FY</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">FY</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">Y on Y </FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><B><FONT size=2 face="serif">US&#36; &#145;000</FONT></B> </TD>
    <TD align=left width=2%><font size="2">&nbsp;</font></TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">2006</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">2005</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">change</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">2006</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">2005</FONT></B> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><B><FONT size=2 face="serif">change</FONT></B></TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><FONT size=2 face="serif">Revenues</FONT> </TD>
    <TD align=left width=2%><font size="2">&nbsp;</font></TD>
    <TD align=right width=8%><FONT size=2 face="serif">543,781</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">273,411</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">99</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">1,576,100</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">922,780</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">71</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><FONT size=2 face="serif">EBITDA</FONT><font size="2" face="serif"><SUP>(iii)</SUP> </font></TD>
    <TD align=left width=2%><font size="2">&nbsp;</font></TD>
    <TD align=right width=8%><FONT size=2 face="serif">229,191</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">134,220</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">71</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">717,148</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">438,094</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">64</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><FONT size=2 face="serif">EBITDA margin</FONT> </TD>
    <TD align=left width=2%><font size="2">&nbsp;</font></TD>
    <TD align=right width=8%><FONT size=2 face="serif">42</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">49</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">46</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">47</FONT> </TD>
    <TD GUTTER align=left width=1%><FONT size=2 face="serif">%</FONT> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=33%><FONT size=2 face="serif">Net Profit for the period</FONT> </TD>
    <TD align=left width=2%><font size="2">&nbsp;</font></TD>
    <TD align=right width=8%><FONT size=2 face="serif">49,895</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">16,130</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">168,947</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=right width=8%><FONT size=2 face="serif">10,277</FONT> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
    <TD  width=2%><font size="2">&nbsp;</font> </TD>
    <TD align=left width=8%><font size="2">&nbsp;</font> </TD>
    <TD GUTTER align=left width=1%><font size="2">&nbsp;</font> </TD>
  </TR>
  <TR>
    <TD><HR noshade size=2></TD>
    <TD><HR noshade size=2></TD>
    <TD width="8%"><HR noshade size=2></TD>
    <TD width="1%" GUTTER><HR noshade size=2></TD>
    <TD width="2%"><HR noshade size=2></TD>
    <TD width="8%"><HR noshade size=2></TD>
    <TD width="1%" GUTTER><HR noshade size=2></TD>
    <TD width="2%"><HR noshade size=2></TD>
    <TD width="8%"><HR noshade size=2></TD>
    <TD width="1%" GUTTER><HR noshade size=2>
    </TD>
    <TD width="2%"><HR noshade size=2></TD>
    <TD width="8%"><HR noshade size=2></TD>
    <TD width="1%" GUTTER><HR noshade size=2></TD>
    <TD width="2%"><HR noshade size=2></TD>
    <TD width="8%"><HR noshade size=2></TD>
    <TD width="1%" GUTTER><HR noshade size=2></TD>
    <TD width="2%"><HR noshade size=2></TD>
    <TD width="8%"><HR noshade size=2>
    </TD>
    <TD width="1%" GUTTER><HR noshade size=2>
    </TD>
  </TR>
</TABLE>
<BR>
<TABLE width="95%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD nowrap valign=top><I><FONT size=1 face="serif">(i)</FONT></I></TD>
    <TD width=95% valign="top"><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 nowrap valign=top><I><FONT size=1 face="serif">(ii)</FONT></I></TD>
    <TD width=95% valign="top"><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 nowrap valign=top><I><FONT size=1 face="serif">(iii)</FONT></I></TD>
    <TD width=95% valign="top"><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>
</TABLE>
<P align="center"> <B><U><FONT size=2 face="serif">FINANCIAL AND OPERATING SUMMARY</FONT></U></B></P>
<UL>
  <LI> <FONT size=2 face="serif">Strong subscriber growth with total subscribers
      at 14.9 million, an increase of 99% compared to Q4 2005</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">3,679,325 new total subscribers added in Q4
      2006</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">Record revenues of &#36;544 million in Q4 2006,
      up 99% vs Q4 2005</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">Record EBITDA of &#36;229 million in Q4 2006,
      up 71% vs Q4 2005</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">Investments include capex of &#36;247 million
      for the fourth quarter and &#36;616 million for the full year to December
      2006, excluding capex of discontinued operations. Total capex, including
      Pakistan and other discontinued operations, amounted to&#36;724 million
      for the year and &#36;295 million for the quarter.</FONT><br>
    <br>
  </LI>
  <LI> <FONT size=2 face="serif">Cash and cash equivalents of &#36;657 million
      at end of Q4 2006</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">Cash upstreaming of &#36;361 million in the
      year to December 2006</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">Net debt of &#36;837 million with a Net Debt
      to full year EBITDA ratio of 1.2 to 1 enabling significant continuing investment</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">Total cellular minutes increased by 121% for
      the three months ended December 31, 2006 from the same quarter in 2005
      and prepaid minutes increased by 124% in the same period.</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">On October 2, 2006 Millicom acquired 21.6 million
      new shares of Colombia Movil, representing a 50% plus 1 share controlling
      stake in the company for a consideration of US&#36;125 million. Colombia
      Movil is fully consolidated as a Millicom subsidiary since October 2, 2006.</FONT><br>
    <br>
  </LI>
  <LI> <FONT size=2 face="serif">On October 18, 2006, Millicom sold its broadband
      business in Peru.</FONT></LI>
</UL>
<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">SUBSEQUENT EVENTS</FONT></U></B></P>
<UL>
  <LI> <FONT size=2 face="serif">On February 13, 2007 Millicom completed the
      sale of its 88.86% shareholding in Paktel Limited to China</FONT> <FONT size=2 face="serif">Mobile
      Communications Corporation with an implied enterprise value of US&#36;460
      million. Millicom</FONT> <FONT size=2 face="serif">expects a net gain of
      approximately &#36;270 million on receipt of the total cash consideration.
      In 2006,</FONT> <FONT size=2 face="serif">losses from discontinued operations
      were some &#36;76 million, which were mostly from Paktel.</FONT></LI>
</UL>
<P align="center"> <B><U><FONT size=2 face="serif">REVIEW OF OPERATIONS</FONT></U></B></P>
<P align="center"> <B><U><FONT size=2 face="serif">SUBSCRIBER GROWTH</FONT></U></B></P>
<P align="left"> <FONT size=2 face="serif">In the fourth quarter of 2006 Millicom&#146;s
    worldwide operations in Latin America, Africa and Asia added 3,679,325 net
    new total cellular subscribers. </FONT></P>
<P align="left"> <FONT size=2 face="serif">At December 31, 2006, Millicom&#146;s
    total cellular subscriber base increased by 99% to 14,945,445</FONT><I><FONT size=2 face="serif"> </FONT></I><FONT size=2 face="serif">cellular
    subscribers from 7,511,265</FONT><I><FONT
size=2 face="serif"> </FONT></I><FONT size=2 face="serif">as at December 31,
    2005. Particularly significant year on year percentage increases were recorded
    in Ghana (170%), Chad (105%), Guatemala (91%), El Salvador (88%), Honduras
    (86%) and Paraguay (84%). Millicom&#146;s attributable subscriber base increased
    to 12,840,568 as at December 31, 2006 from 6,277,234 as at December 31, 2005,
    an increase of 105%.</FONT></P>
<P align="left"> <FONT size=2 face="serif">Prepaid subscribers accounted for
    94% or 14,069,319 of the total cellular subscribers reported at the end of
    the fourth quarter. </FONT></P>
<P align="center"> <B><U><FONT size=2 face="serif">FINANCIAL RESULTS FOR THE
        THREE MONTHS ENDED DECEMBER 31, 2006</FONT></U></B></P>
<P align="left"> <FONT size=2 face="serif">Total revenues for the three months
    ended December 31, 2006 were &#36;543.8 million, an increase of 99% from
    the fourth quarter of 2005 excluding discontinued operations. The Central
    American market produced a 77% increase in revenues from &#36;142.0 million
    for the fourth quarter of 2005 to &#36;250.9 million for the fourth quarter
    of 2006, with Guatemala and Honduras both producing growth of at least 80%.
    South America reported the strongest year on year organic revenue growth
    for the quarter, with Bolivia and Paraguay combined producing an increase
    of 80%. Including Colombia, which was consolidated in the fourth quarter
    of 2006, revenues for South America were &#36;162.3 million, up over 300%
    from the fourth 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 align="left"> <FONT size=2 face="serif">Fourth quarter revenues for Africa
    were &#36;92.4 million compared to &#36;58.1 million in the fourth quarter
    of 2005, an increase of 59%, reflecting Millicom&#146;s investment and increased
    capex in Africa to grow its networks. Excluding Chad, which grew by 297%
    from the fourth quarter of 2005 from a low base, the strongest market was
    again Ghana which grew by 147%. Revenues from Senegal and Tanzania are starting
    to see the benefits of the Tigo launches in those countries. The Democratic
    Republic of Congo grew 11% from the third quarter of 2006 and celebrated
    its own Tigo launch on January 18, 2007.</FONT></P>
<P align="left"> <FONT size=2 face="serif">With Paktel now held as a discontinued
    operation, Sri Lanka, the remaining South Asian operation and the South East
    Asian operations of Cambodia and Laos have been put together into one Asian
    cluster. Revenues for Asia for the fourth quarter were &#36;38.2 million,
    up 15% from &#36;33.2 million for the fourth quarter of 2005.</FONT></P>
<P align="left"> <FONT size=2 face="serif">EBITDA for the three months ended
    December 31, 2006 was &#36;229.2 million, a 71% increase from the fourth
    quarter of 2005. Central America recorded growth in EBITDA of 62% from the
    fourth quarter of 2005 to &#36;131.4 million. The equivalent increase for
    South America was 109%, excluding Colombia. Total EBITDA, including Colombia,
    was &#36;48.9 million. EBITDA for Africa increased by 53% to &#36;32.8 million.
    EBITDA for Asia was &#36;16.1 million, an 8% increase from the fourth quarter
    of 2005.</FONT></P>
<P align="left"> <FONT size=2 face="serif">The EBITDA margin in the fourth quarter
    of 2006 was 42%. Central and South America recorded EBITDA margins of 52%
    and 30% respectively in the fourth quarter of 2006. The South American EBITDA
    margin was impacted by the lower than average margin in Colombia Movil. For
    Africa, the EBITDA margin was 36%, and for Asia it was 42%. Compared to 2005,
    the Group EBITDA margin was lower due to the impact of Colombia and a reduction
    in non-recurring other operating income. </FONT></P>
<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>
<br>
<br>
<P align="center"> <B><U><FONT size=2 face="serif">FINANCIAL RESULTS FOR THE
        YEAR ENDED DECEMBER 31, 2006</FONT></U></B></P>
<P align="left"> <FONT size=2 face="serif">Total revenues for the year ended
    December 31, 2006 were &#36;1,576.1 million, an increase of 71% over 2005.
    Revenues for Central America were &#36;796.1 million, an increase of 76%,
    and for South America, revenues were
  &#36;321.0 million, up 127%. Revenues for Africa were &#36;312.1 million, increasing
  by 53%. In Asia revenues were &#36;146.9 million, up 18% year on year.</FONT></P>
<P align="left"> <FONT size=2 face="serif">EBITDA was &#36;717.1 million for
    the year ended December 31, 2006, an increase of 64% over 2005. EBITDA for
    Central America for the year ended December 31, 2006 increased by 74% to &#36;415.4
    million and increased by 108% for South America to &#36;118.0 million. Africa
    recorded a 39% increase to &#36;122.6 million for the year ended December
    31, 2006. EBITDA for Asia was &#36;61.1 million, up 13%. </FONT></P>
<P align="left"> <FONT size=2 face="serif"> The Group EBITDA margin for the year
    ended December 31, 2006 was 46%, for Central America it was 52%, for South
    America 37%, for Africa 39%, and for Asia 42%. </FONT></P>
<P align="left"> <FONT size=2 face="serif">Total cellular minutes increased by
    82% for the year ended December 31, 2006 compared with 2005 and prepaid minutes
    by 92%. </FONT></P>
<P align="center"> <B><U><FONT size=2 face="serif">COMMENTS ON FINANCIAL STATEMENTS</FONT></U></B></P>
<UL>
  <LI> <FONT size=2 face="serif">The depreciation charge in 2006 is substantially
      higher than 2005 due to higher capital expenditures.</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">The increase in property, plant and equipment
      (PPE) is also primarily a result of the higher capex levels to greatly
      improve the quality and coverage of the networks.</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">The acquisition of Colombia Movil has impacted
      most areas of the financial statements with particularly major impacts
      on the subscriber numbers, PPE, intangible assets (including goodwill)
      and external debt.</FONT><br>
    <br>
  </LI>
  <LI> <FONT size=2 face="serif">Paktel has been classified as an asset held
      for sale and, as such, its assets and liabilities have been segregated
      and shown on separate lines on the balance sheet.</FONT><br>
      <br>
  </LI>
  <LI> <FONT size=2 face="serif">Paktel, Pakcom, Vietnam and Peru have all been
      classified as discontinued operations in the financial statements. Accordingly,
      the current and prior year results have been amended to show these operations
      within a single line on the profit and loss statement.</FONT></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>
<br>
<br>
<P align="center"> <B><U><FONT size=2 face="serif">OTHER INFORMATION</FONT></U></B></P>
<P align="left"> <FONT size=2 face="serif">The amounts in the consolidated statements
    of profit and loss for the three months and twelve months ended December
    31, 2006, the consolidated balance sheets as at December 31, 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>
<P align="left"> <FONT size=2 face="serif">This report is unaudited.</FONT></P>
<P align="left"> <FONT size=2 face="serif">Millicom&#146;s financial results
    for the first quarter of 2007 will be published on April 24, 2007.</FONT></P>
<P align="left"> <FONT size=2 face="serif">Luxembourg, February 14, 2007. </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>
<P align="left"> <I><FONT size=2 face="serif">Millicom International Cellular
      S.A. is a global telecommunications group with cellular operations in Asia,
      Latin America and It currently has cellular operations and licenses in
      16 countries. The Group&#146;s cellular operations have a combined population
      license of approximately 280 million people. </FONT></I></P>
<P align="left"> <I><FONT size=2 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 Millicom&#146;s actual results in the future could
      differ materially from those anticipated in forward-looking statements
      depending 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, discussion of certain of these
      factors. </FONT></I></P>
<P align="left"> <I><FONT size=2 face="serif">All forward-looking statements
      in this press release are based on information available to Millicom on
      the date hereof. All written oral forward-looking statements attributable
      to Millicom International Cellular S.A., any Millicom International Cellular
      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 align="left"> <B><FONT size=2 face="serif">CONTACTS: </FONT></B></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left width=41%><B><FONT size=2 face="serif">Marc Beuls</FONT></B> </TD>
    <TD align=left width=9%><B><FONT size=2 face="serif">Telephone:</FONT></B> </TD>
    <TD align=left width=50%>&nbsp;<B><FONT size=2 face="serif">+352 27 759 327</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><FONT size=2 face="serif">President and Chief Executive
        Officer</FONT> </TD>
    <TD align=left width=9%>&nbsp;</TD>
    <TD align=left width=50%>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><FONT size=2 face="serif">Millicom International
        Cellular S.A., Luxembourg</FONT> </TD>
    <TD align=left width=9%>&nbsp;</TD>
    <TD align=left width=50%>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><B><FONT size=2 face="serif">David Sach</FONT></B> </TD>
    <TD align=left width=9%><B><FONT size=2 face="serif">Telephone:</FONT></B> </TD>
    <TD align=left width=50%>&nbsp;<b><font size=2 face="serif">+</font></b><B><FONT size=2 face="serif">352
          27 759 327</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><FONT size=2 face="serif">Chief Financial Officer</FONT> </TD>
    <TD align=left width=9%>&nbsp;</TD>
    <TD align=left width=50%>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><FONT size=2 face="serif">Millicom International
        Cellular S.A., Luxembourg</FONT> </TD>
    <TD align=left width=9%>&nbsp;</TD>
    <TD align=left width=50%>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><B><FONT size=2 face="serif">Andrew Best</FONT></B> </TD>
    <TD align=left width=9%><B><FONT size=2 face="serif">Telephone:</FONT></B> </TD>
    <TD align=left width=50%>&nbsp;<B><FONT size=2 face="serif">+44 20 7321 5022</FONT></B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><FONT size=2 face="serif">Investor Relations</FONT> </TD>
    <TD align=left width=9%>&nbsp;</TD>
    <TD align=left width=50%>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><FONT size=2 face="serif">Shared Value Ltd, London</FONT> </TD>
    <TD align=left width=9%>&nbsp;</TD>
    <TD align=left width=50%>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width=41%><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> </TD>
    <TD align=left width=9%>&nbsp;</TD>
    <TD align=left width=50%>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><font size=2 face="serif">5</font></TD>
  </TR>
</TABLE>

<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">CONFERENCE CALL DETAILS</FONT></U></B></P>
<P align="left"> <B><FONT size=2 face="serif">A conference call to discuss the
      results will be held at 15.00 UK / 16.00 CET / 10.00 ET, on Wednesday,
      February 14, 2007. The dial-in numbers are: +44 (0)20 7806 1955, +46 (0)8
      5352 6407 or +1 718 354 1388 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 /
      +46 (0)8 5876 9441 or +1 718 354 1112, access code: 6657480#.</FONT></B></P>
<P align="center"> <B><U><FONT size=2 face="serif">APPENDICES</FONT></U></B></P>
<UL>
  <LI> <B><FONT size=2 face="serif">Consolidated statements of profit and loss
        for the three months ended December 31, 2006</FONT></B> <B><FONT size=2 face="serif">and
        2005</FONT></B><br>
      <br>
  </LI>
  <LI> <B><FONT size=2 face="serif">Consolidated statements of profit and loss
        for the years ended December 31, 2006 and 2005</FONT></B><br>
      <br>
  </LI>
  <LI> <B><FONT size=2 face="serif">Consolidated balance sheets as at December
        31, 2006 and 2005</FONT></B><br>
      <br>
  </LI>
  <LI> <B><FONT size=2 face="serif">Condensed consolidated statements of cash
        flows for the years ended December 31, 2006 and 2005</FONT></B><br>
      <br>
  </LI>
  <LI> <B><FONT size=2 face="serif">Condensed consolidated statements of changes
        in equity for the years ended December 31, 2006 and</FONT></B> <B><FONT size=2 face="serif">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></LI>
</UL>
<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>
<br>
<br>
<P align="center">
  <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face="serif">Millicom International Cellular S.A. <br>
  <br>
Consolidated statements of profit and loss <br>
for the three months ended December 31, 2006 and 2005 </FONT></B></font></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
  <TR>
    <TD><HR noshade size=2>
    </TD>
    <TD><HR noshade size=2>
    </TD>
    <TD>
      <HR noshade size=2>
    </TD>
    <TD GUTTER>
      <HR noshade size=2>
    </TD>
    <TD><HR noshade size=2>
    </TD>
    <TD>
      <HR noshade size=2>
    </TD>
    <TD GUTTER>
      <HR noshade size=2>
    </TD>
  </TR>
<TR valign="bottom">
        <TD align=left width=74%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Quarter ended</FONT></B>
          </font></TD>
        <TD width=1% align=left nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=2% nowrap>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Quarter ended</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Dec 31, 2006</FONT></B>
          </font></TD>
        <TD width=1% align=left nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=2% nowrap>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Dec 31, 2005</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(Unaudited)</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(Unaudited)</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">US&#36;&#146;000</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">US&#36;&#146;000</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Revenues</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">543,781</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">273,411</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Cost of sales (excluding depreciation and amortization)</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(152,354</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(78,397</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Sales and marketing</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(95,646</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(40,030</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">General and administrative expenses</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(68,858</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(33,860</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Other operating income</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,268</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">13,096</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">EBITDA</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">229,191</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">134,220</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Corporate costs</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(9,970</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(4,681</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Stock compensation</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(3,419</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(703</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Write-back / (write-down) of assets, net</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(5,662</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">11,046</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Gain from sale of subsidiaries and joint ventures, net</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,263</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">493</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Depreciation and amortization</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(86,693</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(44,058</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <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="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Operating profit</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">125,710</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">96,317</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Interest expense</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(44,285</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(29,581</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Interest and other income</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">15,054</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">8,101</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Other, net</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,198</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">186</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Profit from associated companies</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">511</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">845</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<B><FONT face="serif">Profit before taxes</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">99,188</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">75,868</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Taxes</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(41,651</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(23,948</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <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="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<B><FONT face="serif">Net Profit after taxes</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">57,537</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">51,920</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Result from discontinued operations</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(18,832</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(37,377</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Minority interest</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">11,190</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,587</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Net Profit for the period</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">49,895</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">16,130</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Basic earnings per common share (US&#36;)</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">0.50</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">0.16</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Weighted average number of shares</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">outstanding in the period (in thousands)</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">100,650</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">98,937</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Profit for the period used to determine diluted earnings per</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">common share</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">49,895</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">16,130</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Diluted earnings per common share
      (US&#36;)</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">0.49</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">0.16</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Weighted average number of shares and potential</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">dilutive shares outstanding in the period (in thousands)</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">101,759</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">99,927</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
</TABLE>
<table width=95% border=0 cellpadding=0 cellspacing=0>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%" align="right"><font size=2 face="serif">7</font></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 size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face="serif">Millicom International Cellular S.A. <br>
  <br>
Consolidated statements of profit and loss <br>
for the years ended December 31, 2006 and 2005 </FONT></B></font></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
  <TR>
    <TD><HR noshade size=2> </TD>
    <TD><HR noshade size=2> </TD>
    <TD>
      <HR noshade size=2>
    </TD>
    <TD GUTTER>
      <HR noshade size=2>
    </TD>
    <TD><HR noshade size=2>
    </TD>
    <TD>
      <HR noshade size=2>
    </TD>
    <TD GUTTER>
      <HR noshade size=2>
    </TD>
  </TR>
<TR valign="bottom">
        <TD align=left width=74%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Year ended</FONT></B>
          </font></TD>
        <TD width=1% align=left nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=2% nowrap>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Year ended</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Dec 31, 2006</FONT></B>
          </font></TD>
        <TD width=1% align=left nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=2% nowrap>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Dec 31, 2005</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(Unaudited)</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(Unaudited)</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">US&#36;&#146;000</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">US&#36;&#146;000</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Revenues</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,576,100</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">922,780</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Cost of sales (excluding depreciation and amortization)</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(433,878</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(263,807</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Sales and marketing</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(246,591</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(124,187</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">General and administrative expenses</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(182,519</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(112,104</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Other operating income</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">4,036</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">15,412</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">EBITDA</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">717,148</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">438,094</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Corporate costs</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(37,613</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(23,137</FONT>
        </TD>
        <TD GUTTER align=left width=1%>

      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Stock compensation</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(12,850</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(3,075</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Write-back / (write-down) of assets, net</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(4,455</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,193</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Gain from sale of subsidiaries and joint ventures, net</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">8,099</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,437</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Depreciation and amortization</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(229,041</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(141,143</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Operating profit</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">441,288</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">275,369</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Interest expense</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(123,969</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(116,031</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Interest and other income</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">36,385</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">23,373</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Other, net</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(1,186</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(12,807</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Profit from associated companies</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,483</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,296</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Profit before taxes</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">354,001</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">171,200</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Taxes</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(118,205</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(68,795</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Net Profit after taxes</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">235,796</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">102,405</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Result from discontinued operations</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(75,813</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(98,260</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Minority interest</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">8,964</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">6,132</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Net profit for the year</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">168,947</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">10,277</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Basic earnings per common share (US&#36;)</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1.68</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">0.10</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Weighted average number of shares</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">outstanding in the year (in thousands)</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">100,361</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">98,803</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Profit for the year used to determine diluted earnings per</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">common share</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">168,947</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">10,277</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>

        <TD>
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Diluted earnings per common share
      (US&#36;)</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1.67</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">0.10</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Weighted average number of shares and potential</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">dilutive shares outstanding in the year (in thousands)</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">101,371</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">99,920</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD>
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
</TABLE>
<table width=95% border=0 cellpadding=0 cellspacing=0>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%" align="right"><font size=2 face="serif">8</font></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 size="2"><B><FONT face="serif">Millicom International Cellular S.A.</FONT></B> <B><FONT face="serif"><br>
Consolidated balance sheets <br>
as at December 31, 2006 and 2005</FONT></B></font></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left><hr noshade size=2></TD>
  <TD><HR noshade size=2></TD>
  <TD align=right nowrap><HR noshade size=2></TD>
  <TD align=left nowrap GUTTER><HR noshade size=2></TD>
  <TD align=right nowrap><HR noshade size=2></TD>
  <TD GUTTER align=left><HR noshade size=2></TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>&nbsp;</TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Dec 31,</FONT></B>
          </font></TD>
        <TD width=3% align=left nowrap GUTTER>&nbsp;

        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">Dec 31,</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">2006</FONT></B>
          </font></TD>
        <TD width=3% align=left nowrap GUTTER>&nbsp;

        </TD>
        <TD width=10% align=right nowrap>
      <font size="2"><B><FONT face="serif">2005*</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;      </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <FONT size=2 face="serif">(Unaudited)</FONT>
        </TD>
        <TD width=3% align=left nowrap GUTTER>&nbsp;

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

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

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right nowrap>&nbsp;</TD>
  <TD align=right nowrap GUTTER>&nbsp;</TD>
  <TD align=right nowrap>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD width=10% align=right nowrap>
      <FONT size=2 face="serif">US&#36;&#146;000</FONT>
        </TD>
        <TD width=3% align=right nowrap GUTTER>&nbsp;
    </TD>
        <TD width=10% align=right nowrap>
      <FONT size=2 face="serif">US&#36;&#146;000</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

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

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

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Non-current assets</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Intangible assets, net</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">482,775</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">370,742</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Property, plant and equipment, net</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,267,159</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">671,774</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Investment in associates</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">6,838</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">5,367</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Financial assets:</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">Financial assets available for sale</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">6,307</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">Pledged deposits</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">4,512</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">6,500</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Other non-current assets</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">21,713</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,745</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp;<FONT face="serif">Deferred taxation</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">3,706</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">4,817</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="3%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Total non-current assets</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,786,703</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,068,252</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="3%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Current assets</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Financial assets:</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">Financial assets at fair value through profit or loss</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">327,803</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">Financial assets held to maturity</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">7,687</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">Pledged deposits</FONT></font>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">45,402</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">47,035</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Inventories</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">54,245</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">16,369</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Trade receivables, net</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">185,455</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">109,165</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Amounts due from joint ventures and joint venture partners</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">37,346</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">19,244</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Amounts due from other related parties</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,221</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,781</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Prepayments and accrued income</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">58,429</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">48,046</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Current tax assets</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">4,916</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">14,716</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Other current assets</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">83,512</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">52,796</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Time deposits</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">108</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Cash and cash equivalents</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">656,692</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">596,567</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="3%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Total current assets</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,127,218</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,241,317</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="3%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <FONT size=2 face="serif">Assets held for sale</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">407,073</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">250,087</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="3%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=74%>
      <font size="2"><B><FONT face="serif">Total assets</FONT></B>
          </font></TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">3,320,994</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">2,559,656</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="74%">
        </TD>
        <TD width="2%">
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="3%" GUTTER>
<HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
</TABLE>

<table width=95% border=0 cellpadding=0 cellspacing=0>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="2"><font size="2"><b><i><font face="serif">*</font></i></b><i><font face="serif">Intangible
            assets have been amended to reflect the final purchase price allocation
            for Millicom&#146;s acquisition of its operation in the Democratic
    Republic of Congo. </font></i></font></td>
  </tr>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%" align="right"><font size=2 face="serif">9</font></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 size="2"><B><FONT face="serif">Millicom International Cellular S.A.<br>
  Consolidated
  balance sheets<br>
  as at December 31, 2006 and 2005</FONT></B></font></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD colspan="7" align=left><HR noshade size=2></TD>
  </TR>
<TR valign="bottom">
        <TD align=left width=75%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">Dec 31, 2006</FONT></B>
          </font></TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=2% align="right">&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">Dec 31, 2005*</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(Unaudited)</FONT>
        </TD>
        <TD GUTTER align=right width=1%>&nbsp;

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif"> <font size=2 face="serif">US&#36;&#146;</font>000</FONT>
        </TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=2% align="right">&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif"> <font size=2 face="serif">US&#36;&#146;</font>000</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><U><FONT face="serif">Equity and liabilities</FONT></U></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Equity</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<FONT face="serif">Share capital and premium (represented by 100,683,880 shares as of December 31, 2006)</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">372,526</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">465,157</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<FONT face="serif">Treasury stock</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(8,833</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<FONT face="serif">Other reserves</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,966</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(15,217</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<FONT face="serif">Retained losses brought forward</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(39,565</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(151,779</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<FONT face="serif">Net Profit for the year</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">168,947</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">10,277</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="75%">
        </TD>
        <TD width="1%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">504,874</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">299,605</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<FONT face="serif">Minority Interest</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">77,514</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">34,179</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="75%">
        </TD>
        <TD width="1%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Total equity</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">582,388</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">333,784</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="75%">
        </TD>
        <TD width="1%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Liabilities</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<B><FONT face="serif">Non-current liabilities</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Debt and other financing:</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">10% Senior Notes</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">538,673</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">537,599</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">4% Convertible
      Notes &#150; Debt component</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">171,169</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">163,284</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">Other debt and financing</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">649,153</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">120,041</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<FONT face="serif">Other non-current liabilities</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">49,353</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">203,988</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp;<FONT face="serif">Deferred taxation</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">34,368</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">45,228</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Total non-current liabilities</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,442,716</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">1,070,140</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<B><FONT face="serif">Current liabilities</FONT></B>

          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Debt and other financing:</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=10%>&nbsp;

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

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

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">5% Mandatory
      Exchangeable Notes &#150; Debt component</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">315,359</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="serif">Other debt and financing</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">134,661</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">96,340</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Capex payables</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">276,850</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">110,336</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Other trade payables</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">151,454</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">100,204</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Amounts due to joint ventures and joint venture partners</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">32,017</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">14,122</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Amounts due to related parties</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">5,184</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">4,780</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Accrued interest and other expenses</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">113,316</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">61,236</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Current tax liabilities</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">89,077</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">67,815</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2">&nbsp;<FONT face="serif">Other current liabilities</FONT></font>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">99,292</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">138,816</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Total current liabilities</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">901,851</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">909,008</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Liabilities directly associated with assets held for sale</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">394,039</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">246,724</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Total liabilities</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,738,606</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">2,225,872</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Total equity and liabilities</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">3,320,994</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">2,559,656</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="75%">
        </TD>
        <TD width="1%">
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
</TABLE>

<table width=95% border=0 cellpadding=0 cellspacing=0>
  <tr valign="top">
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="2"><font size="2"><i><font face="serif">* Equity has been amended to reflect
            the final purchase price allocation for Millicom&#146;s acquisition
    of its operation in the DRC.</font></i></font></td>
  </tr>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%" align="right"><font size=2 face="serif">10</font></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 size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face="serif">Millicom
  International Cellular S.A.<br>
  Condensed consolidated statements of cash flows<br>
  for the years ended December
  31, 2006 and 2005 </FONT></B></font></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
<TR valign="bottom">
        <TD colspan="7" align=left><HR noshade size=2>  </TD>
  </TR>
<TR valign="bottom">
        <TD align=left width=75%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><font size="2"><B><FONT face="serif">Dec 31,</FONT></B> </font><FONT face="serif">2006</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <B><FONT face="serif" size=2>Dec 31, 2005</FONT></B></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(Unaudited)</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(Unaudited)</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif"> <FONT size=2 face="serif">US&#36;&#146;</FONT>000</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif"> <FONT size=2 face="serif">US&#36;&#146;</FONT>000</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">EBITDA</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">717,148</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">438,094</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Movements in working capital</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">20,054</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">51,191</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="75%">
        </TD>
        <TD width="1%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Cash generated from continuing operations</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">737,202</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">489,285</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Corporate costs</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(33,067</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(21,454</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Net interest paid</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(80,042</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(70,830</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Taxes paid</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(102,599</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(71,612</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Net cash provided by operating activities</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">521,494</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">325,389</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Cash flow used by investing activities</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(541,112</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(280,696</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Cash flow provided by financing activities</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">164,149</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">206,238</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Cash from continuing operations</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">144,531</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">250,931</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Cash transferred to assets held for sale</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(7,135</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(3,013</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Cash flow of discontinued operations</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(12,524</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">10,799</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Investments in discontinued operations, net</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(57,322</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(73,812</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Cash effect of exchange rate changes</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(7,425</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(1,719</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Net increase in cash and cash equivalents</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">60,125</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">183,186</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Cash and cash equivalents, beginning</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">596,567</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">413,381</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <font size="2"><B><FONT face="serif">Cash and cash equivalents, ending</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">656,692</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <font size="2"><B><FONT face="serif">596,567</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=2>
  </TD>
  <TD GUTTER>
    <HR noshade size=2>
  </TD>
  <TD><HR noshade size=2>
  </TD>
  <TD>
    <HR noshade size=2>
  </TD>
  <TD GUTTER>
    <HR noshade size=2>
  </TD>
</TR>
</TABLE>
<font size="2"><BR>
</font>
<P align="center">
  <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face="serif">Millicom
  International Cellular S.A.<br>
  Condensed consolidated statements of changes in
  equity<br>
  for the years ended December 31, 2006 and 2005 </FONT></B></font></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD colspan="7" align=left><HR noshade size=2>
    </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD align=right> <font size="2"><B><font size="2"><B><FONT face="serif">Dec
                31,</FONT></B> </font><FONT face="serif">2006</FONT></B> </font></TD>
    <TD GUTTER align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD align=right> <font size="2"><B><font size="2"><B><FONT face="serif">Dec
                31, 2005</FONT></B> </font></b></font></TD>
    <TD GUTTER align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD align=right> <FONT size=2 face="serif">(Unaudited)</FONT> </TD>
    <TD GUTTER align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD align=right> <FONT size=2 face="serif">(Unaudited)</FONT> </TD>
    <TD GUTTER align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD align=right> <FONT size=2 face="serif"> <FONT size=2 face="serif">US&#36;&#146;</FONT>000</FONT> </TD>
    <TD GUTTER align=left>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD align=right> <FONT size=2 face="serif"> <FONT size=2 face="serif">US&#36;&#146;</FONT>000</FONT> </TD>
    <TD GUTTER align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD GUTTER align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Equity as at January 1</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">333,784</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">280,437</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Derecognition of negative goodwill on January 1</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">8,202</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Profit for the year</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">168,947</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">10,277</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Stock compensation</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">12,850</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">3,075</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Fair value gain on available for sale financial assets</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(3,308</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">3,308</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Shares issued via the exercise of stock options</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">14,227</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">3,553</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Equity component of 4% Convertible Bonds</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">39,109</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Movement in currency translation reserve</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">12,553</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(5,005</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Minority interest</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">43,335</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(9,172</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">)</FONT>
        </TD>
</TR>
<TR>
        <TD width="75%">
        </TD>
        <TD width="1%">
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="2%"><HR noshade size=1>
        </TD>
        <TD width="10%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=75%>
      <FONT size=2 face="serif">Equity as at December 31</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">582,388</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=2%>&nbsp;
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">333,784</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR>
        <TD width="75%">
        </TD>
        <TD width="1%">
        </TD>
        <TD width="10%">
      <HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
      <HR noshade size=2>
        </TD>
        <TD width="2%"><HR noshade size=2>
        </TD>
        <TD width="10%">
<HR noshade size=2>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=2>
        </TD>
</TR>
</TABLE>
<table width=95% border=0 cellpadding=0 cellspacing=0>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%" align="right"><font size=2 face="serif">11</font></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 size="2"><B><FONT face="serif">Millicom International Cellular S.A.<br>
  Quarterly
  analysis by cluster<br>
  (Unaudited) </FONT></B></font></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD colspan="18" align=left><HR noshade size=2></TD>
  </TR>
<TR valign="bottom">
        <TD align=left width=35%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>&nbsp;

        </TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>&nbsp;

        </TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>&nbsp;

        </TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>&nbsp;

        </TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">Increase</FONT></B></font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">Q4 06</FONT></B>
          </font></TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">Q3 06</FONT></B>
          </font></TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">Q2 06</FONT></B>
          </font></TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">Q1 06</FONT></B>
          </font></TD>
        <TD GUTTER align=right width=1%>&nbsp;

        </TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">Q4 05</FONT></B>
          </font></TD>
        <TD  width=1% align="right">&nbsp;
        </TD>
        <TD width=9% align=right nowrap>
      <font size="2"><B><FONT face="serif">Q4 05 to Q4 06</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <font size="2"><B><FONT face="serif">Total cellular subs<SUP>(1)</SUP></FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Central America</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">5,164,167</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">4,247,941</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">3,647,697</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">3,166,682</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,737,126</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">89</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">South America</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">4,329,973</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,966,614</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,715,347</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,337,739</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">224</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Africa</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">3,425,680</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">3,215,415</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,689,513</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,271,157</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,006,634</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">71</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Asia</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">2,025,625</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,836,150</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,707,344</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,532,874</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,429,766</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">42</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR>
        <TD width="35%">
        </TD>
        <TD width="1%">
        </TD>
        <TD width="9%">
<HR noshade size=1>     </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>     </TD>
        <TD width="1%"><HR noshade size=1>
        </TD>
        <TD width="9%">
<HR noshade size=1>     </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>     </TD>
        <TD width="1%"><HR noshade size=1>
        </TD>
        <TD width="9%">
<HR noshade size=1>     </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>     </TD>
        <TD width="1%"><HR noshade size=1>
        </TD>
        <TD width="9%">
<HR noshade size=1>     </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>     </TD>
        <TD width="1%"><HR noshade size=1>
        </TD>
        <TD width="9%">
<HR noshade size=1>     </TD>
        <TD width="1%"><HR noshade size=1>
        </TD>
        <TD width="9%">
<HR noshade size=1>     </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>     </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <font size="2"><B><FONT face="serif">Total</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">14,945,445</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">11,266,120</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">9,759,901</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">8,492,069</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">7,511,265</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">99</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>
      <font size="2"><B><FONT face="serif">%</FONT></B>
          </font></TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <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 GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <font size="2"><B><FONT face="serif">Attributable cellular subs<SUP>(1)</SUP></FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Central America</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">3,645,886</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,985,925</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,567,464</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,229,018</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,935,272</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">88</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">South America</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">4,329,973</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,966,614</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,715,347</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,337,739</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">224</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Africa</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">3,286,083</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">3,092,132</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,571,130</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,156,391</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,896,084</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">73</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Asia</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">1,578,626</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,425,027</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,328,349</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,181,278</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,108,139</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">42</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <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 GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <font size="2"><B><FONT face="serif">Total</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">12,840,568</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">9,469,698</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">8,182,290</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">7,088,043</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">6,277,234</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">105</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>
      <font size="2"><B><FONT face="serif">%</FONT></B>
          </font></TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <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 GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <font size="2"><B><FONT face="serif">Revenues (US&#36;&#146;000) <SUP>(1)</SUP></FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Central America</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">250,866</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">207,258</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">181,420</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">156,567</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">141,986</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">77</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">South America</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">162,344</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">62,308</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">51,576</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">44,810</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">40,131</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">305</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Africa</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">92,405</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">80,291</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">72,719</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">66,690</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">58,067</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">59</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Asia</FONT><font size="2"><SUP><FONT face="serif">(1)</FONT></SUP>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">38,166</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">38,214</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">35,617</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">34,849</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">33,227</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">15</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <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 GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <font size="2"><B><FONT face="serif">Total Revenues</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">543,781</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">388,071</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">341,332</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">302,916</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">273,411</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">99</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>
      <font size="2"><B><FONT face="serif">%</FONT></B>
          </font></TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <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 GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Discontinued operations</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">12,124</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">14,432</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">20,299</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">19,285</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">20,656</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">(incl. Pakistan)</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <font size="2"><B><FONT face="serif">EBITDA (US&#36;&#146;000) <SUP>(1)</SUP></FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Central America</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">131,431</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">110,874</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">94,110</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">79,015</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">81,370</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">62</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">South America</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">48,856</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">28,393</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">22,278</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">18,491</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">16,536</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">195</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Africa</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">32,831</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">31,095</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">28,944</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">29,702</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">21,446</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">53</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Asia</FONT><font size="2"><SUP><FONT face="serif">(1)</FONT></SUP>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">16,073</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">15,150</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">14,178</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">15,727</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">14,868</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">8</FONT>
        </TD>
        <TD GUTTER align=left width=1%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <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 GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <font size="2"><B><FONT face="serif">Total EBITDA</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">229,191</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">185,512</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">159,510</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">142,935</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">134,220</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">71</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>
      <font size="2"><B><FONT face="serif">%</FONT></B>
          </font></TD>
</TR>
<TR>
  <TD> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <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 GUTTER>
    <HR noshade size=1>
  </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">Discontinued operations</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">(3,610</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>
      <font size="2"><B><FONT face="serif">)</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">(5,697</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>
      <font size="2"><B><FONT face="serif">)</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">(2,884</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>
      <font size="2"><B><FONT face="serif">)</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">(733</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>
      <font size="2"><B><FONT face="serif">)</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">2,248</FONT></B>
          </font></TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left width=35%>
      <FONT size=2 face="serif">(incl. Pakistan)</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
</TR>
<TR valign="bottom">
  <TD colspan="18" align=left><HR noshade size=1></TD>
  </TR>
</TABLE>
<table width=95% border=0 cellpadding=0 cellspacing=0>
  <tr valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td colspan="2"><font size="2"><i><font face="serif">(1) Excludes discontinued
    operations.</font></i></font></td>
  </tr>
  <tr valign="top">
    <td>&nbsp;</td>
    <td align="right">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="5%">&nbsp;</td>
    <td width="95%" align="right"><font size=2 face="serif">12</font></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 size="2"><B><FONT face="serif">Millicom International Cellular S.A.<br>
  Total
  subscribers and market position by country<br>
  (Unaudited)</FONT></B></font></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
<TR align="center" valign="bottom">
  <TD width="13%">&nbsp;</TD>
  <TD colspan="16"><HR noshade size=2></TD>
  <TD width="10%">&nbsp;</TD>
</TR>
<TR align="center" valign="bottom">
  <TD width=13%>&nbsp;</TD>
  <TD colspan="2"><font size="2"><B><FONT face="serif">Country and Equity<br>
    Holding </FONT></B></font></TD>
  <TD nowrap GUTTER>&nbsp;</TD>
  <TD nowrap>&nbsp;</TD>
  <TD nowrap><font size="2"><b><font face="serif">Country<br>
Population<br>
(millions)<sup>(i)</sup></font></b> </font></TD>
  <TD width="4%" nowrap>&nbsp;</TD>
  <TD align="center" nowrap GUTTER><font size="2"><B><FONT face="serif">MIC Market<br>
    Position<SUP>(ii)</SUP></FONT></B></font></TD>
  <TD nowrap>&nbsp;</TD>
  <TD colspan="7" nowrap> <font size="2"><B><FONT face="serif">Total Subscribers</FONT></B></font></TD>
  <TD GUTTER>&nbsp;</TD>
  <TD width=10% GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=13% align=left>&nbsp;</TD>
  <TD width=7% align=left nowrap>&nbsp;</TD>
  <TD width=10% align=right nowrap>&nbsp;</TD>
  <TD align=left nowrap GUTTER>&nbsp;</TD>
  <TD nowrap>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width="4%" nowrap>&nbsp;</TD>
  <TD align=center nowrap GUTTER>&nbsp;</TD>
  <TD nowrap>&nbsp;</TD>
  <TD align=right nowrap>&nbsp;</TD>
  <TD align=left nowrap GUTTER>&nbsp;</TD>
  <TD nowrap>&nbsp;</TD>
  <TD align=right nowrap>&nbsp;</TD>
  <TD align=left nowrap GUTTER>&nbsp;</TD>
  <TD nowrap>&nbsp;</TD>
  <TD align=center nowrap>&nbsp;</TD>
  <TD GUTTER align=left>&nbsp;</TD>
  <TD width=10% align=left GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD width=7% align=left nowrap>&nbsp;

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

        </TD>
        <TD width=3% align=left nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=1% nowrap>&nbsp;
        </TD>
        <TD width=9% align=left nowrap>&nbsp;

        </TD>
        <TD  width=4% nowrap>&nbsp;
        </TD>
        <TD width=9% align=center nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=1% nowrap>&nbsp;
        </TD>
        <TD width=9% align=right nowrap>
      <font size="2"><B><FONT face="serif">06 </FONT><font size="2"><B><FONT face="serif">Q4</FONT></B></font></B>
          </font></TD>
        <TD width=1% align=right nowrap GUTTER>&nbsp;      </TD>
        <TD  width=1% align="right" nowrap>&nbsp;
        </TD>
        <TD width=9% align=right nowrap>
      <font size="2"><B><FONT face="serif">05 </FONT><font size="2"><B><FONT face="serif">Q4</FONT></B></font></B>
          </font></TD>
        <TD width=1% align=right nowrap GUTTER>&nbsp;</TD>
        <TD  width=1% align="right" nowrap>&nbsp;
        </TD>
        <TD width=9% align=right nowrap>
      <font size="2"><B><FONT face="serif">y-o-y</FONT></B></font></TD>
        <TD GUTTER align=left width=2%>&nbsp;

        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD width=7% align=left nowrap>&nbsp;

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

        </TD>
        <TD width=3% align=left nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=1% nowrap>&nbsp;
        </TD>
        <TD width=9% align=left nowrap>&nbsp;

        </TD>
        <TD  width=4% nowrap>&nbsp;
        </TD>
        <TD width=9% align=center nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=1% nowrap>&nbsp;
        </TD>
        <TD width=9% align=right nowrap>&nbsp;

        </TD>
        <TD width=1% align=right nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=1% align="right" nowrap>&nbsp;
        </TD>
        <TD width=9% align=right nowrap>&nbsp;

        </TD>
        <TD width=1% align=right nowrap GUTTER>&nbsp;

        </TD>
        <TD  width=1% align="right" nowrap>&nbsp;
        </TD>
        <TD width=9% align=right nowrap>
      <font size="2"><B><FONT face="serif">Growth</FONT></B></font></TD>
        <TD GUTTER align=left width=2%>&nbsp;

        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD colspan="2" align=left>
      <font size="2"><B><FONT face="serif">Central America</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">El Salvador</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">6.8</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">1 of 5</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">1,387,395</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">738,980</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">88</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Guatemala</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(55.0</FONT><font size=2 face="serif">%)</font>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;
    </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">12.3</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">2 of 3</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">2,223,059</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,164,050</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">91</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Honduras</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(66.7</FONT><font size=2 face="serif">%)</font>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">7.3</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">1 of 2</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">1,553,713</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">834,096</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">86</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
        <TD width="7%">
        </TD>
        <TD width="10%" align="right">
        </TD>
        <TD width="3%" GUTTER>
        </TD>
        <TD width="1%">
        </TD>
        <TD width="9%">
        </TD>
        <TD width="4%">
        </TD>
        <TD width="9%" align="center" GUTTER>
        </TD>
        <TD width="1%">
        </TD>
        <TD width="9%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="1%"><HR noshade size=1>
        </TD>
        <TD width="9%">
<HR noshade size=1>
        </TD>
        <TD width="1%" GUTTER>
<HR noshade size=1>
        </TD>
        <TD width="1%"><HR noshade size=1>
        </TD>
        <TD width="9%">
<HR noshade size=1>
        </TD>
        <TD width="2%" GUTTER>
<HR noshade size=1>
        </TD>
    <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>&nbsp;

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

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">5,164,167</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,737,126</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">89</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
  <TD width="7%"> </TD>
  <TD width="10%" align="right"> </TD>
  <TD GUTTER> </TD>
  <TD> </TD>
  <TD> </TD>
  <TD width="4%"> </TD>
  <TD align="center" GUTTER> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD colspan="2" align=left>
      <font size="2"><B><FONT face="serif">South America</FONT></B>
          </font>       </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Bolivia</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">9.0</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">2 of 3</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">936,374</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">645,418</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">45</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
    <FONT size=2 face="serif">Colombia</FONT></TD>
        <TD width=10% align=right nowrap><FONT size=2 face="serif"> (50.0% + 1 share)</FONT> </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">43.6</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">3 of 3</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">2,120,284</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">-</FONT>
        </TD>
        <TD GUTTER align=left width=2%>&nbsp;

        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Paraguay</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0</FONT><font size=2 face="serif">%)</font>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;
    </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">6.5</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">1 of 4</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">1,273,315</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">692,321</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">84</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
  <TD width="7%"> </TD>
  <TD width="10%" align="right"> </TD>
  <TD GUTTER> </TD>
  <TD> </TD>
  <TD> </TD>
  <TD width="4%"> </TD>
  <TD align="center" GUTTER> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>&nbsp;

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

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">4,329,973</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">224</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
  <TD width="7%"> </TD>
  <TD width="10%" align="right"> </TD>
  <TD GUTTER> </TD>
  <TD> </TD>
  <TD> </TD>
  <TD width="4%"> </TD>
  <TD align="center" GUTTER> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <font size="2"><B><FONT face="serif">Africa</FONT></B>
          </font></TD>
        <TD align=right width=10%>&nbsp;

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Chad</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(87.5%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">9.9</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">2 of 2</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">186,700</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">91,159</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">105</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">DRC</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">62.7</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">4 of 4</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">50,337</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">60,638</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">-17</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Ghana</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">22.4</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">2 of 4</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">1,211,904</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">448,838</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">170</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Mauritius</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(50.0%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1.2</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">2 of 3</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">279,193</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">221,100</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">26</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Senegal</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0</FONT><FONT size=2 face="serif">%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">12.0</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">2 of 2</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">894,617</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">679,914</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">32</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Sierra Leone</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">6.0</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">4 of 5</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">42,055</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">29,606</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">42</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Tanzania</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">37.4</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">3 of 4</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">760,874</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">475,379</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">60</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
  <TD width="7%"> </TD>
  <TD width="10%" align="right"> </TD>
  <TD GUTTER> </TD>
  <TD> </TD>
  <TD> </TD>
  <TD width="4%"> </TD>

  <TD align="center" GUTTER> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>&nbsp;

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

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">3,425,680</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">2,006,634</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">71</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
  <TD width="7%"> </TD>
  <TD width="10%" align="right"> </TD>
  <TD GUTTER> </TD>
  <TD> </TD>
  <TD> </TD>
  <TD width="4%"> </TD>
  <TD align="center" GUTTER> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <font size="2"><B><FONT face="serif">Asia</FONT></B>
          </font></TD>
        <TD align=right width=10%>&nbsp;

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

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

        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Cambodia</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(58.4%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">13.9</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">1 of 4</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">1,075,162</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">773,608</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">39</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Laos</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(74.1%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">6.4</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">3 of 5</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">87,228</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">76,728</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">14</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>
      <FONT size=2 face="serif">Sri Lanka</FONT>
        </TD>
        <TD align=right width=10%>
      <FONT size=2 face="serif">(100.0%)</FONT>
        </TD>
        <TD GUTTER align=left width=3%>&nbsp;</TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">20.2</FONT>
        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>
      <FONT size=2 face="serif">2 of 4</FONT>
        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">863,235</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">579,430</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">49</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
  <TD width="7%"> </TD>
  <TD width="10%" align="right"> </TD>
  <TD GUTTER> </TD>
  <TD> </TD>
  <TD> </TD>
  <TD width="4%"> </TD>
  <TD align="center" GUTTER> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD align=left width=7%>&nbsp;

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

        </TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">2,025,625</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">1,429,766</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">42</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
  <TD width="7%"> </TD>
  <TD width="10%" align="right"> </TD>
  <TD GUTTER> </TD>
  <TD> </TD>
  <TD> </TD>
  <TD width="4%"> </TD>
  <TD align="center" GUTTER> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left width=13%>&nbsp;</TD>
        <TD colspan="2" align=left>
      <font size="2"><B><FONT face="serif">Total Subscribers</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=3%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=left width=9%>&nbsp;

        </TD>
        <TD  width=4%>&nbsp;
        </TD>
        <TD GUTTER align=center width=9%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <font size="2"><B><FONT face="serif">14,945,445</FONT></B>
          </font></TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">7,511,265</FONT>
        </TD>
        <TD GUTTER align=left width=1%>&nbsp;

        </TD>
        <TD  width=1%>&nbsp;
        </TD>
        <TD align=right width=9%>
      <FONT size=2 face="serif">99</FONT>
        </TD>
        <TD GUTTER align=left width=2%>
      <FONT size=2 face="serif">%</FONT>
        </TD>
    <TD GUTTER align=left width=10%>&nbsp;</TD>
</TR>
<TR>
  <TD width="13%"></TD>
  <TD width="7%"> </TD>
  <TD width="10%" align="right"> </TD>
  <TD GUTTER> </TD>
  <TD> </TD>
  <TD> </TD>
  <TD width="4%"> </TD>
  <TD align="center" GUTTER> </TD>
  <TD> </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD><HR noshade size=1>
  </TD>
  <TD>
    <HR noshade size=1>
  </TD>
  <TD GUTTER>
    <HR noshade size=1>
  </TD>
  <TD width="10%" GUTTER>&nbsp;</TD>
</TR>
</TABLE>
<font size="2"><BR>
</font>
<TABLE width="95%" border=0 cellpadding=0 cellspacing=0>
<TR>
        <TD width="3%" valign=top nowrap>
      <font size="2"><I><FONT face="serif">(i)</FONT></I>&nbsp; &nbsp; &nbsp;   </font></TD>
        <TD width=97%>
      <font size="2"><I><FONT face="serif">Source: CIA The World Fact Book</FONT></I>   </font></TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
        <TD width="3%" valign=top nowrap>
      <font size="2"><I><FONT face="serif">(ii)</FONT></I>&nbsp; &nbsp; &nbsp;  </font></TD>
        <TD width=97%>
      <font size="2"><I><FONT face="serif">Source: Millicom. Market share derived from active subscribers based on interconnect</FONT></I>      </font></TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR>
<TR align="right">
  <TD colspan=2><font size=2 face="serif">13</font></TD>
</TR>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
