<SEC-DOCUMENT>0000950103-19-001812.txt : 20190208
<SEC-HEADER>0000950103-19-001812.hdr.sgml : 20190208
<ACCEPTANCE-DATETIME>20190207194230
ACCESSION NUMBER:		0000950103-19-001812
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190207
FILED AS OF DATE:		20190208
DATE AS OF CHANGE:		20190207

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:	001-38763
		FILM NUMBER:		19576943

	BUSINESS ADDRESS:	
		STREET 1:		2, RUE DU FORT
		CITY:			BOURBON
		STATE:			N4
		ZIP:			L-1249
		BUSINESS PHONE:		3524571451

	MAIL ADDRESS:	
		STREET 1:		2, RUE DU FORT
		CITY:			BOURBON
		STATE:			N4
		ZIP:			L-1249
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>dp102167_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid; width: 100%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>FORM
6-K</B></FONT></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT><BR></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>REPORT
OF FOREIGN PRIVATE ISSUER</B></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>PURSUANT
TO RULE 13a-16 OR 15d-16 OF THE </B></FONT>&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SECURITIES
EXCHANGE ACT OF 1934</B></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">For
the month of February, 2019.</FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;____________________</FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>



<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Commission
File Number: 001-38763</B></FONT></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 24pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>MILLICOM
INTERNATIONAL CELLULAR S.A.</B></FONT></P>

<P STYLE="font: 24pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(<I>Exact
Name of Registrant as Specified in Its Charter</I>)</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2,
Rue du Fort Bourbon,</B>&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>L-1249
Luxembourg</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Grand
Duchy of Luxembourg</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>(Address
of principal executive office)</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F:</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 50%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form
    20-F</FONT></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">X&nbsp;</FONT></P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form
    40-F</FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T&nbsp;Rule&nbsp;101(b)(1):</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 50%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top"></FONT><TD STYLE="font-size: 10pt; text-align: center; width: 29%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 14%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;X</FONT></TD></TR>
</TABLE></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T&nbsp;Rule&nbsp;101(b)(7):</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 50%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top"></FONT><TD STYLE="font-size: 10pt; text-align: center; width: 29%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 28%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 14%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;X</FONT></TD></TR>
</TABLE></P>


<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid; width: 100%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MILLICOM
INTERNATIONAL CELLULAR S.A.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INDEX
TO FURNISHED MATERIAL</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Item<BR>
</U></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;1.
&nbsp;&nbsp;&nbsp;Press release dated February 7, 2019</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><B>Item 1</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD>
    <TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS
Release</B></FONT></P>

<P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4
2018</B></FONT>&nbsp;</P>



</TD>
    <TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD>
    <TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>


<P STYLE="margin: 0"></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Luxembourg, February 7<SUP>th</SUP> 2019</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Solid 2018 underpins strong
medium-term outlook</B></P>

<P STYLE="color: #000640; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Highlights</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>The financial highlights discussed and summarized
in the table below are presented on an IFRS basis and therefore do not include the fully consolidated results from our Guatemala
and Honduras joint ventures.</I></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Healthy organic growth in Latam offset by currency and accounting impacts
in 2018 &ndash; IFRS revenue flat</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Operating profit up 1.5% in 2018 even as one-offs affected Q4</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Completion of Cable Onda acquisition and listing on the Nasdaq Stock
Market in the U.S.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Dividend of $2.64 per share paid in semi-annual installments to be
proposed at the AGM</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #000640">
    <TD STYLE="width: 36%; border-bottom: #000640 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Financial highlights ($ millions)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #000640 1pt solid; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #000640 1pt solid; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,010</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,056</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.4%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,074</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,076</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.0%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating Profit</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">113</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">193</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41.4%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">655</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">645</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net Income / (Loss)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(94)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">69</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">86</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Latin America segment highlights &ndash; Q4
and FY 2018</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>Our Latin America (&ldquo;Latam&rdquo;) segment
includes our Guatemala and Honduras joint ventures as if they were fully consolidated. These highlights and the table that follows
include non-IFRS measures. See page 18 for a description of these measures and for reconciliations to the nearest equivalent IFRS
measures.</I></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Latam added 3.2 million 4G smartphone data customers in 2018 ending
with more than 10 million</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We added 406,000 HFC customer relationships to end 2018 with 3.1 million</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Revenue declined 1.9% in Q4 and rose 0.8% in 2018 as weaker FX and
IFRS 15 adoption affected results</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Organic<FONT STYLE="font-size: 10pt"><SUP>i</SUP></FONT> service
revenue growth improved to 4.3% in 2018 from 0.9% in 2017 - ahead of our full year outlook</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Latam EBITDA<SUP>i</SUP> growth of 2.6% (3.5% organic<SUP>i</SUP>)
in 2018 - in line with our full year outlook </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #000640">
    <TD STYLE="width: 39%; border-bottom: #000640 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam segment highlights ($ millions)</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #000640 1pt solid; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #000640 1pt solid; border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; background-color: white; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,381</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,407</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,485</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,441</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; background-color: white; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service Revenue</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,263</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,307</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.3%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,069</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,078</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; background-color: white; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Organic growth<SUP>i</SUP></I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.7%</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.1%</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>0.6pt</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>4.3%</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>0.9%</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.4pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; background-color: white; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<I><SUP>i</SUP></I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">524</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">520</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">0.9%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">2,077</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">2,024</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">2.6%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; background-color: white; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;&nbsp;Organic growth <SUP>i</SUP></I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>4.0%</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>9.0%</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>(5.0pt)</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>3.5%</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>2.8%</I></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040"><I>0.7pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; background-color: white; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<I><SUP>i</SUP></I> Margin</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">38.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">36.9%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">1.1pt</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">37.9%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">37.2%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">0.7pt</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="background-color: white; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex<SUP>i</SUP> &nbsp;</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">&nbsp;346 </FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">&nbsp;336 </FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">3.1%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">&nbsp;954 </FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">&nbsp;907 </FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">5.2%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #000640 1pt solid; padding: 2pt; background-color: white; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">OCF<SUP>i</SUP> (EBITDA &ndash; Capex)</FONT></TD>
    <TD STYLE="border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">&nbsp;178 </FONT></TD>
    <TD STYLE="border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">&nbsp;184 </FONT></TD>
    <TD STYLE="border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">(3.1%)</FONT></TD>
    <TD STYLE="border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">&nbsp;1,124 </FONT></TD>
    <TD STYLE="border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">&nbsp;1,117 </FONT></TD>
    <TD STYLE="border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">0.6%</FONT></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Millicom Chief Executive Officer Mauricio
Ramos commented:</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&ldquo;I am extremely pleased
by our strong performance in 2018 on many fronts. We delivered on all our operational and financial targets, and we made great
strides toward increasing our focus on Latam by divesting our operations in Rwanda and Senegal and acquiring Cable Onda in Panama.
We capped the year by completing our registration with the U.S. SEC, allowing our shares to begin trading on the Nasdaq Stock Market
in January. As we begin this new chapter as a U.S. listed company, we are introducing our medium-term growth plans. The new year
is off to an exciting start, and</P>

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<P STYLE="margin: 0"></P>

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<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"><SUP>i</SUP> Non-IFRS measure. See page 18 for
a description of these measures and for reconciliations to the nearest equivalent IFRS measures.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"></P>



<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">the Millicom management
team remains laser-focused on creating shareholder value and once again delivering on its commitments in 2019 and beyond.&rdquo;</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>2019 Outlook</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">As disclosed on January 9<SUP>th</SUP>
2019, we anticipate another solid year in 2019 marked by the continued expansion of our high-speed data networks and customer growth.
For our Latam segment, we expect organic service revenue growth to range between 3% and 5%, while EBITDA growth is expected to
accelerate to between 4% and 6%, on a like-for-like basis. As usual, these organic growth rates are expressed in constant currency
terms and exclude the impact of changes in foreign exchange and accounting standards. Finally, Latam segment Capex should be slightly
above $1.0 billion, including about $85 million at Cable Onda, which we expect will generate EBITDA of approximately $184 million.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 47%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Financial targets</B></FONT></TD>
    <TD STYLE="width: 29%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>2019 Outlook</B></FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Medium-term plan</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Latam segment</B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service revenue growth (organic
        YoY)</I></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.9pt"></P></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3-5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Mid-single-digit</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>EBITDA* growth (organic YoY)</I></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.9pt"></P></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4-6%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Mid-to-high single-digit</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D; text-align: left; text-indent: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>OCF* (EBITDA less Capex) growth (organic YoY)</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Mid-to-high single-digit</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Around 10% </I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Capex*</I></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.9pt"></P></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Slightly above $1.0 billion</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D; text-indent: 0pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>* EBITDA, Capex and OCF are non-IFRS measures.
Please refer to disclosures on page 18 for a description of non-IFRS measures and reconciliations to the nearest equivalent IFRS
measures.</I></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Medium-term plan</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The company&rsquo;s strong
performance in 2018 and the positive outlook for 2019 are consistent with the strategic plan approved by the Board of Directors.
Over the medium term, management sees scope for organic service revenue growth to continue to improve, for margins to expand, and
for capital intensity to gradually trend lower over time in the Latam segment. More specifically, management&rsquo;s ambition as
outlined in the strategic plan is to deliver mid-single-digit organic service revenue growth, mid-to-high single-digit EBITDA growth,
and around 10% OCF (EBITDA less Capex) growth, over the medium term for the Latam segment.</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Underpinning our medium-term
targets is our expectation that favorable socio-demographic factors will sustain strong demand and contribute to improved affordability
for our services, thereby allowing penetration rates to gradually catch up to levels already seen in other markets globally and
elsewhere in Latin America. From a competitive standpoint, we are investing to defend and build upon our current leadership position
in all our markets and see the potential for further consolidation.</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Over the medium term, we
expect that approximately 60% of our mobile customers will consume 4G services, up from just over 30% currently. This will drive
robust traffic growth, which we expect can produce low-single-digit organic mobile service revenue growth. Meanwhile, our residential
cable business should reach 15 million homes-passed with 10 million revenue-generating units and around 5 million customer relationships.
This expected customer growth, combined with steady ARPU expansion, gives us confidence that we can sustain high-single-digit organic
cable service revenue growth over the medium-term.</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">To support execution of
its strategic plan, Millicom targets financial leverage of around 2.0x proportionate net debt to EBITDA<FONT STYLE="font-size: 10pt"><SUP>i</SUP></FONT>,
reflecting greater subscription revenues and a higher relative proportion of our cash flow coming from Central</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->




<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"><SUP>i</SUP> <FONT STYLE="font-size: 10pt">Proportionate
net debt to EBITDA is a non-IFRS measure. Please refer to disclosures on page 18 for a description of non-IFRS measures and reconciliations
to the nearest equivalent IFRS measures.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"></P>



<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>


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<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">America, where foreign exchange
rates tend to be less volatile, balanced against the political and macroeconomic risks that are typical of emerging markets. With
a leverage target of 2.0x, Millicom retains the flexibility needed to temporarily increase leverage above the target, as is the
case following our recent acquisition of Cable Onda, which took our leverage to the current level of 2.5x.</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Subsequent Events</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On January 9<SUP>th</SUP> 2019,
Millicom shares began trading on the Nasdaq Stock Exchange in the U.S. under ticker symbol TIGO.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On January 14<SUP>th</SUP>
2019, Millicom confirmed that it had received a preliminary highly conditional non-binding proposal from Liberty Latin America
Ltd in relation to an offer for all shares of Millicom. On January 22<SUP>nd</SUP> 2019, Millicom announced that preliminary discussions
regarding a possible offer were terminated by Liberty Latin America Ltd without an offer being made.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">IFRS 15 &ndash; Contracts with customers</P>

<P STYLE="color: #000640; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The implementation of IFRS
15 had a modest impact on our operating profitability in 2018. As shown in the reconciliation table on page 21, implementation
of the new standard reduced 2018 revenue by $77 million and service revenue by $116 million, and it increased EBITDA by $11 million
for the year, as compared to what our results would have been if we had continued to follow the IAS 18 standard in the year-end
2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Most of the impact on service
revenue relates to the change in how we present the results of wholesale international traffic. Revenue for a portion of this business
are now presented on a net basis. This change in presentation had no material impact on EBITDA, but it produced a reduction in
service revenue of $16 million in Q4 2018 and of $87 million for the full year 2018. Included in our 2017 results for this business
were service revenue of $38 million for Q4 and $119 million for the full year. For comparison purposes, the organic growth figures
discussed throughout this report exclude the impact of this accounting change implemented as of January 1<SUP>st</SUP> 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">IFRS 16 &ndash;  Leases&#9;</P>

<P STYLE="color: #000640; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">IFRS 16 became effective on January 1<SUP>st</SUP>
2019 and affects primarily the accounting for operating leases, which will be brought onto our balance sheet. While the Group is
still finalizing the implementation of IFRS 16, we confirm the preliminary assessment we disclosed within our Q3 2018 results,
whereby we expect that application of the standard will increase our EBITDA by 6% to 8% and our underlying net debt, including
Guatemala and Honduras as if they were fully consolidated, by 15% to 20%. As a result of these factors, our proportionate net debt
to EBITDA ratio will increase by 0.1x to 0.3x. The application of this standard will have no impact on underlying cash flow generation.</P>

<P STYLE="color: #7F7F7F; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Quarterly Financial Review
&ndash; Q4 2018</B></P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Revenue declined 4.4% ($47
million) year-on-year to $1,010 million in Q4 2018. The decline largely reflects the impact of weaker currencies in a majority
of our markets, as well as the adoption of IFRS 15, which reduced revenue by $16 million.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Cost of sales declined 12.5%
($40 million) year-on-year to $282 million. The decline largely reflects lower handset costs, as well as the impact of the adoption
of IFRS 15, which reduced cost of sales by $8 million. Excluding the impact of IFRS 15, cost of sales would have decreased by 10.2%.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Operating expenses increased
14.1% ($57 million) year-on-year to $460 million. The increase is largely due to approximately $50 million of one-off charges related
mostly to the Cable Onda acquisition, as well as to our U.S. listing, and the restructuring of our regional Africa operations.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 46%; border-left: #44546A 1pt solid; padding: 2pt; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid">
        <P STYLE="color: white; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">Income statement data (IFRS)</P>
        <P STYLE="color: white; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"></P>
        <P STYLE="color: white; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">($ millions, except
EPS in $)&nbsp;</P></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,010</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,056</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(4.4%)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,074</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,076</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(0.0%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(282)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(322)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12.5%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,146)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,205)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.9%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>728</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>734</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(0.9%)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,928</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,871</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.0%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(460)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(403)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,674)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,593)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation </FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(169)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(177)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.1%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(685)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(695)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.3%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Amortization</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(144)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(146)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.3%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77.7%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">44</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(76.7%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">68</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>113</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>193</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(41.4%)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>655</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>645</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.5%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(92)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(81)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(350)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(380)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.8%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(40)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(32)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(136)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(85)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(61)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>81</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(175.5%)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>129</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>176</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(26.5%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(33)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(116)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(158)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(26.1%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period from continuing ops.</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(107)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>48</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>13</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>18</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(29.6%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.1%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">51</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(94)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>69</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(10)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>86</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Weighted average shares outstanding (millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.82</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.55</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.79</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.38</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; border-left: #44546A 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EPS</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.94)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.69</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.10)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.86</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Depreciation declined 4.1%
year-on-year to $169 million, and the decline largely stems from Colombia, where a portion of the assets of our copper network
have been fully depreciated. Amortization expense increased $10 million, or 32.3% year-on-year, to $41 million due mostly to our
December 13<SUP>th</SUP> acquisition of Cable Onda in Panama, which added $9 million to our Amortization expense in Q4. Based on
our preliminary fair value adjustments, we expect Cable Onda to add $90 million to our depreciation and $120 million to our amortization
charges in 2019.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Our share of profits in Guatemala
and Honduras reached $45 million in Q4 2018, an increase of $20 million year-on-year due to steady growth in Guatemala and to improved
performance and some one-off items in Honduras. Other operating income of $10 million declined $34 million year-on-year due primarily
to lower gains on the sale of tower assets. As a result of the above, operating profit was $113 million in Q4 2018, down 41.4%
from $193 million in Q4 2017. For the year, operating profit grew 1.5% year-on-year to $655 million.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Net financial expenses increased
$11 million or 13.3% year-on-year to $92 million, due mostly to higher gross debt following the Cable Onda financing. Net expenses
from other non-operating items were $46 million, compared to net income from non-operating items of $1 million in Q4 2017, due
mostly to higher foreign exchange losses. The net loss from associates and other joint ventures of $35 million in Q4 2018 compares
to a net loss of $32 million in Q4 2017. The performance in 2018 largely reflects a non-cash purchase price adjustment related
to our 50% stake in AirtelTigo in Ghana, partly offset by lower losses from our 22.8% stake in Helios Towers Africa.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Tax expense was $46 million
in Q4 2018, an increase from $33 million due to a higher net deferred tax expense than in Q4 2017. As a result of the above factors,
net loss from continuing operations was $107 million in the quarter, and this compares with a net profit of $48 million in Q4 2017.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Non-controlling interests reflected
a gain for Millicom of $17 million in Q4 2018 compared to a loss of $12 million in Q4 2017, with the year-on-year variation largely
explained by lower net income in Colombia, due to foreign exchange losses stemming from depreciation of the Colombian Peso during
Q4 2018. A net loss from discontinued operations of $4 million in Q4 2018 compares to a net profit of $33 million in Q4 2017, with
the profit in the latter period stemming from a non-cash gain related to the revaluation to fair value of our investment in the
joint venture in Ghana.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: gray">Net loss of $94
million or $0.94 per share for Q4 2018 compared to a net profit of $69 million or $0.69 per share in Q4 2017. The weighted average
number of shares during the quarter was 100.82 million, an increase of 0.3% year-on-year related to vesting of shares under our
employee share-based compensation plans. As of December 31</FONT><FONT STYLE="color: #7F7F7F"><SUP>st</SUP></FONT> <FONT STYLE="color: gray">2018,
we had 101,739,217 total shares outstanding, including 913,583 held in treasury.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Cash Flow</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 52%; border-left: #000640 1pt solid; padding: 2pt; border-bottom: #44546A 1pt solid; text-align: left; color: white; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Cash flow data ($ millions)</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #44546A 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #44546A 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>% change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating free cash flow*</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>123 </B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>168 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(27.0%)</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>383 </B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>459 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(16.6%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Finance charges paid, net</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(69)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(90)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(23.0%)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(298)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(356)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(16.3%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Free cash flow*</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>53 </B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>78 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(31.6%)</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>85 </B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>103 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(17.9%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Dividends from Guatemala and Honduras </FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">55</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.2%</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">243</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">203</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">20.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Dividends and advances to non-controlling interests</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2)</FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; border-left: #000640 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Equity free cash flow*</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>115</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>133</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(13.7%)</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>326</B></FONT></TD>
    <TD STYLE="border-right: #000640 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>306</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: #000640 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6.6%</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>* Non-IFRS measures. See page 18 for a description
of these measures. Please refer to Note 5 of our Unaudited Interim Condensed Consolidated Financial Statements for the reconciliation
of Operating free cash flow to the nearest IFRS measures. In prior periods, equity free cash flow was calculated by including the
results of Guatemala and Honduras as if fully consolidated. On that same comparable basis, equity free cash flow reached $375 million
in 2018, up 5.1% from $356 million in 2017.</I></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Given some seasonality and volatility in cash flow
items from quarter to quarter, we review our cash flow performance on a full year basis, rather than quarterly. For the full year
2018, Operating free cash flow, defined as EBITDA, less Capex, working capital, other non-cash items and taxes paid, declined 16.6%
($76 million) to $383 million during 2018. The reduction is explained mostly from higher EBITDA from discontinued operations in
the prior period.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Cash used for the purchase of property, plant and
equipment and working capital both declined and were largely offset by an increase in taxes paid due to timing differences and
tax audit settlements. Net finance charges paid declined $58 million to $298 million due to lower average debt levels and lower
one-off fees paid in relation to refinancing activities in 2018 compared to 2017.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Dividends received from Guatemala and Honduras increased
$40 million year-on-year to $243 million in 2018, with the increase coming from Guatemala, where revenue and cash flow growth were
healthy. Meanwhile, dividends paid to non-controlling interests (Colombia, Zantel, Panama) were minimal in both periods. As a result,
equity free cash flow increased 6.6% to $326 million in 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Debt</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 39%; border-bottom: Black 1pt solid; padding: 2pt; text-align: left; color: white; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Debt information </FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">($ millions)</FONT></TD>
    <TD STYLE="width: 16%; border-bottom: #44546A 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross Debt</B></FONT></TD>
    <TD STYLE="width: 17%; border-bottom: #44546A 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Of which Finance Leases</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #44546A 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #44546A 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net Debt*</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latin America</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>2,545 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>238 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>342 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>2,203 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640">1,857 </FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640">238 </FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>281 </I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640">1,576 </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>265</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>115 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>42 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>223 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>174 </I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640">115 </FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>36 </I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640">138 </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Corporate</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>1,770 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>0 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>145 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>1,625 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>43</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640">0</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>8</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>35 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Millicom Group (IFRS)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>4,580 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>353 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>529 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>4,052 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>2,075 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>353 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>325 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>1,749 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B><I>1,310 </I></B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>1 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B><I>246 </I></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>1,064 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>262 </I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640">1 </FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>101 </I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640">161 </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Underlying (non-IFRS)</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>5,890 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>353 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>774 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>5,116 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which local currency</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>2,337 </I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>353 </I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>426 </I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><I>1,911 </I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total - Proportionate basis (non-IFRS) </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>4,772 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>263 </B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>575 </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-size: 10pt; color: #000640"><B>4,197 </B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>* Net debt is a non-IFRS measure defined as
gross debt including finance leases, less cash and pledged and term deposits of $6 million. See page 18 for a description of non-IFRS
measures and for reconciliations to the nearest equivalent IFRS measures.</I></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Underlying net debt, which
includes net debt in Guatemala and Honduras, was $5,116 million as of December 31<SUP>st</SUP> 2018, an increase of $1,170 million
compared to $3,946 million previously reported as of September 30<SUP>th</SUP> 2018. The increase in underlying net debt reflects
the acquisition of Cable Onda for $956 million plus the assumption of its $259 million net debt, as well as the payment of $133
million in dividends during Q4. Underlying net debt to EBITDA<FONT STYLE="font-size: 10pt"><SUP>i</SUP></FONT>, which includes
net debt and EBITDA from Guatemala and Honduras, increased to 2.18x as of December 31<SUP>st</SUP> 2018 from 1.70x as of September
30<SUP>th</SUP> 2018. Proportionate net debt to EBITDA<SUP>i</SUP> as of December 31<SUP>st</SUP> 2018 was 2.52x, up from 1.82x
as of September 30<SUP>th</SUP> 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Underlying gross debt increased
by $857 million during Q4, and we ended 2018 with $5,890 million, including $1,310 million held in Guatemala and Honduras. Approximately
65% of underlying gross debt at December 31<SUP>st</SUP> 2018 was in Latam, 5% in Africa, and the remaining 30% at the corporate
level. Finance lease liabilities of $353 million represented 6% of underlying gross debt. As of December 31<SUP>st</SUP> 2018,
70% of underlying gross debt was at fixed rates or swapped for fixed rates, and 40% was in local currency or swapped for local
currency. The average cost of our underlying gross debt excluding finance leases remained stable at 6.2%, whilst the average maturity
of our debt was 5.2 years. Our underlying cash position, a non-IFRS metric, declined $313 million during the quarter to end 2018
at $774 million, including $246 million in Guatemala and Honduras.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="margin: 0"></P>

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<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"><SUP>i</SUP> Underlying net debt to EBITDA
and proportionate net debt to EBITDA are non-IFRS measures. See page 18 for a description of non-IFRS measures and for reconciliations
to the nearest equivalent IFRS measures.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #7F7F7F"></P>



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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Operating segment performance</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>Our management determines
operating and reportable segments based on the reports that are used by the chief operating decision maker to make strategic and
operational decisions from both a business and geographic perspective. The Millicom Group&rsquo;s risks and rates of return for
its operations are predominantly affected by operating in different geographical regions. The Millicom Group has businesses in
two main regions, Latin America and Africa, which constitute our two segments.</I></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>Our Latin America segment
includes the results of Guatemala and Honduras as if they were fully consolidated, as this reflects the way our management reviews
and uses internally reported information to make decisions about operating matters and to provide increased transparency to investors
on those operations. Our Africa segment does not include our joint venture in Ghana because our management does not consider it
to be a strategic part of the group.</I></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>Please refer to Note 5 of
our Unaudited Interim Condensed Consolidated Financial Statements for more details on our segments.</I></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>The information contained
herein can also be accessed electronically in the Financial &amp; Operating Data Excel file published at www.millicom.com/investors
alongside this earnings release.</I></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Latin America segment</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Business units</I></B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">We discuss our Latam results
under three principal business units:</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">1. B2C Mobile, comprised of
mobile services for individuals, including mobile data, mobile voice, and mobile financial services (MFS);</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">2. Home, comprised of broadband,
Pay TV, content, and fixed voice services for residential customers; and,&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">3. B2B, comprised of both mobile
and fixed services to government, corporate, and SME customers.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 9.35pt; text-indent: -9.35pt; color: #000640"><B><I>Market
environment</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 9.35pt; text-indent: -9.35pt; color: #000640">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The macroeconomic environment in our Latam markets
remained broadly stable in Q4 2018, although currencies continued to weaken gradually, as they have for most of 2018. Of note,
the Colombian Peso declined 8.5% during the quarter and 8.2% for the year, while the Costa Rican Colon depreciated 4.2% in Q4 and
5.8% for the full year 2018. Other currencies weakened approximately 1% during Q4 but ended down 3-6% for the year.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Competitive intensity remains elevated but stable
in the majority of our markets. In Paraguay, the heightened competitive pressure we have witnessed throughout the year had a more
visible impact on our revenue growth in Q4, but we are confident that we can protect our market leadership and continue to generate
attractive revenue and free cash flow growth in Paraguay, buoyed by a stable political and macroeconomic backdrop. Elsewhere, we
estimate that our market share is either stable or increasing modestly.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Latam segment - Key Performance
Indicators</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In Q4, we added 1.5 million
4G smartphone data users in Latin America, and we added 3.2 million for the full year 2018, surpassing our goal of adding 3.0 million.
We ended 2018 with 32.4 million B2C Mobile customers and of these, approximately 52% used data services, and 31% used 4G data services,
up from 22% a year ago.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Our focus on the postpaid segment
of the mobile market produced strong results in Q4 and throughout 2018, and we added 93,000 postpaid customers in Q4 and 228,000
for the full year, ending the year with 3.2 million, an increase of 7.7% year-on-year.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Monthly ARPU for B2C Mobile
declined 5.2% in US dollar terms mainly due to the weaker currencies in our markets, as ARPU was broadly stable in local currency
terms. ARPU growth was positive in three of our six Latam markets.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In our Home unit, we ended
the quarter with 11.0 million homes-passed, including 10.6 million on our HFC networks, including our newly-acquired operations
in Panama. During the quarter, we added 93,000 HFC customer relationships on an organic basis to end 2018 with 3.1 million, including
368,000 in Panama. We closed 2018 with 7.9 million revenue-generating units (RGUs), including 6.2 million on our HFC networks.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Home ARPU declined 7.3% to
$26.2, as weaker currencies more than offset modest organic growth of 0.8% year-on-year in Q4 2018. Organic Home ARPU growth was
positive in a majority of our markets.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 39%; border: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q2 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q1 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 &lsquo;18 vs. Q4 &lsquo;17</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile customers</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32,419</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">31,625</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">31,790</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">31,873</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">31,911</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt 2pt 2pt 0.25in; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which B2C Mobile data customers</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16,731</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15,196</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15,140</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15,243</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15,093</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt 2pt 2pt 0.25in; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which 4G customers</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,081</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,570</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,979</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,545</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,902</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">46.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt 2pt 2pt 0.25in; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which Postpaid subscribers</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,205</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,112</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,053</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,015</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,977</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile ARPU ($)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.4</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.5</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.6</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.6</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.8</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.2%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Total homes passed</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11,008</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,908</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,639</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,284</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,076</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">21.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt 2pt 2pt 0.25in; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which HFC homes passed</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,562</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,387</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9,076</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,687</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,446</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC customer relationships<FONT STYLE="font-size: 10pt"><SUP>i</SUP></FONT></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,103</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,642</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,560</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,420</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,329</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.2%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC revenue generating units</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,203</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,046</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,843</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,578</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,367</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home ARPU ($)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">26.2</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.9</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.6</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.0</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.3</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.3%)</FONT></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Latam segment financial
results</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">In Q4 2018, revenue in our Latam segment declined
1.9% year-on-year to reach $1.38 billion in Q4. Service revenue declined 3.3% due to the impact of weaker foreign exchange rates
and the adoption of IFRS 15. Excluding these effects as well as a $17 million revenue contribution from Panama, Latam organic service
revenue growth was 3.7% in Q4 and 4.3% for the full year 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">By country, organic service revenue growth reached
8.7% in Bolivia, 3.0% in Colombia, 2.6% in Paraguay, and declined 8.9% in El Salvador, where we continue to take steps to improve
the quality of our customer base and credit profile. Organic service revenue growth remained stable at 6.4% in Guatemala and continued
to improve in Honduras, reaching 4.4% in Q4, our best performance in more than two years.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">By business unit, organic service
revenue growth in B2C Mobile was stable at 1.3% year-on-year, while Home grew 11.5% organically, marking a third consecutive quarter
of double-digit growth. Organic service revenue growth was flat in B2B, largely due to slower growth in Colombia, where timing
differences related to large government contracts impacted the year-on-year comparison in Q4 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Revenue from Telephone and
equipment increased 17.1% year-on-year to $118 million, and the increase is due mostly to the adoption of IFRS 15, which required
us to recognize more revenue on handsets and equipment.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="margin: 0"></P>

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<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in; color: #7F7F7F"><SUP>i</SUP> Previously described
as HFC homes connected</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in; color: #7F7F7F"></P>



<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 31%; border: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Financial Highlights</B></FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>($m, unless otherwise stated)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Change</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Change</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,381</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,407</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,485</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,441</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;Organic<SUP>i</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.1%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.4pt</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.2%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.3pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,263</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,307</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.3%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,069</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,078</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;Organic<SUP>i</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.7%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.1%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.6pt</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.3%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.9%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.4pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;&nbsp;Mobile B2C</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">730</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">760</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.9%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,933</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,975</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>Of which B2C Mobile data</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">368</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">346</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.3%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,453</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,305</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">316</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">289</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.4%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,257</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,126</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2B</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">203</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">247</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(17.7%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">831</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">936</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.2%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>i</SUP></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">520</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.9%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,077</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,024</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;Organic<SUP>i</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>9.0%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(5.0pt)</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.8%</I></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.7pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38.0%</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">36.9%</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.1pt</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.9%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.2%</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7pt</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex<SUP>i</SUP></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">346</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">336</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.1%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">954</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">907</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.2%</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>i) Non-IFRS measures. Capex is defined as capital
expenditures excluding spectrum, license costs and finance lease capitalizations. See page 18 for a description of non-IFRS measures
and for reconciliations to the nearest equivalent IFRS measures.</I></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In Q4 2018, EBITDA for our
Latam segment rose 0.9% year-on-year to $524 million, as weaker currencies largely offset organic growth of 4.0%, in line with
organic growth of 4.2% reported in Q3. Honduras, Colombia, and Bolivia contributed positively to organic EBITDA growth, while El
Salvador continued to weigh on the performance of our Latam segment. Panama, which we acquired on December 13<SUP>th</SUP>, contributed
only $4 million to EBITDA in the quarter, as a result of approximately $3 million of one-time charges incurred in relation to the
acquisition. The EBITDA margin for our Latam segment increased 1.1 percentage points to 38.0% in Q4, up from 36.9% in Q4 2017.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">For the full year, EBITDA grew
3.5% organically year-on-year. EBITDA in 2018 was affected by one-off charges in Bolivia ($6 million) and El Salvador ($10 million),
which were mostly offset by gains in Honduras ($13 million). EBITDA in 2017 benefited from one-time items in Paraguay ($7 million)
and Honduras ($11 million). Adjusting for these one-offs in both years, organic EBITDA growth would have been approximately 4.5%
for the Latam segment in 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Capex in Latin America totaled
$346 million in Q4 2018 and $954 million for the full year. Although we spent almost $50 million less than the $1.0 billion we
had planned for 2018, we exceeded our network expansion plans in both Mobile and Cable, as we remained focused on expanding both
coverage and capacity to enhance customer experience and reduce churn. During 2018, we expanded our HFC network to reach an additional
1.3 million homes across our footprint, exceeding our guidance of approximately 1.0 million. On the mobile front, we increased
the size of our 4G network by 41%, adding over 2,600 points of presence to end the year with more than 9,000. At year-end 2018,
our 4G networks covered approximately 65% of the population in our markets, up from 56% at the end of 2017.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">For the year, investment in
our networks accounted for 84% of Latam Capex, while the remaining 16% went towards IT and Other. Network investment was split
approximately 68% fixed and 32% mobile. Customer premise equipment deployed to support the growth of our fixed customer base increased
18% year-on-year and accounted for more than 30% of our total Capex in the region.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: right; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Latam segment performance by country - Q4
and FY 2018 </B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 21%; border-left: Black 1pt solid; padding: 2pt; border-bottom: Black 1pt solid; border-right: #44546A 1pt solid; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Service Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Service Revenue</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding: 2pt; border-right: #44546A 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>EBITDA Margin</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">160</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">156</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">614</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">597</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">232</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">394</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">362</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">118</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,661</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,553</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">494</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.7%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">91</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.9%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">405</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">371</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">133</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.9%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">358</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">306</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">172</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,373</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,200</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">689</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.2%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">151</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">142</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">586</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">555</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">268</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">163</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">679</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">632</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">332</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.8%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Others*</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">54</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">52</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(17)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">167</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">162</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(71)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>LATAM SEGMENT</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,381</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,263</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>524</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>38.0%</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,485</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,069</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,077</B></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>37.9%</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>* &lsquo;Others&rsquo; includes Costa Rica,
Nicaragua, Panama, inter-company eliminations and other items.</I></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">SOUTH AMERICA</P>

<P STYLE="color: #000640; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Colombia</P>

<P STYLE="color: #000640; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 37%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,291</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,851</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.6%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8,291</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,851</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which, 4G customers (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,688</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,016</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,688</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,016</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home Customer relationships (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,674</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,633</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.5%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,674</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,633</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HFC Customer relationships (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,233</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,108</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,233</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,108</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">11.2%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">394</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">447</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.9%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,661 </FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,739 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.5%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.3%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.7pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.5%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.7pt</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">362</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">411</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12.0%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,553 </FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,614 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.8%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.2%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.2pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.7%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.1pt</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">118</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">117</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">494 </FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">469 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.2%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>16.1%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.8pt)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.3%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.7pt</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">30.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">26.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.0pt</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">29.7%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">27.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.7pt</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In Home, we added a record
34,000 HFC customer relationships during the quarter, once again offsetting churn on our copper network, such that total Customer
relationships rose for a fourth consecutive quarter and increased 2.5% year-on-year in Q4 2018. The improving customer trend is
also visible in revenue-generating-units (RGUs), which expanded by more than 5% year-on-year in Q4 2018, while our RGUs on our
HFC network grew by more than 17%.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In B2C Mobile, we added 539,000
subscribers, including 482,000 4G customers, as we experienced strong commercial momentum throughout the quarter, buoyed by the
well-received launch of new postpaid plans in mid-September.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Service revenue declined 12.0%
year-on-year in Q4 2018. The decline is due to the implementation of IFRS 15, which affected how we present the results of our
wholesale international traffic, and due to a weaker average FX rate for the Colombian Peso, which depreciated 6.1% year-on-year
in Q4 2018. Excluding these factors, organic service revenue grew 3.0% in the quarter, buoyed by mid-single-digit growth in Home
and B2C Mobile, partly offset by negative growth in B2B in the quarter due to timing differences related to large government contracts
which impacted the year-on-year comparison in Q4 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: right; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">EBITDA rose 1.4% year-on-year
in USD terms and 7.3% organically to $118 million in Q4 2018. The EBITDA margin reached 30.1%, an increase of 4.0 percentage points
compared to the 26.1% reported in Q4 2017. The increase in organic EBITDA reflects operating leverage on the higher organic revenue
generation, as well as the benefit of cost reduction initiatives implemented throughout 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Paraguay</P>

<P STYLE="color: #000640; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,958</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,167</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.6%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,958</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,167</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.6%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home Customer relationships (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">406</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">368</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">406</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">368</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.3%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">163</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">171</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.2%)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">679</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">662</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>14.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(14.0pt)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.3%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.4pt)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">162</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.8%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">632</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">622</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.6%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.3pt)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.7%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.3pt)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">77</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">81</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.4%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">332</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">318</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.3%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>18.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(17.3pt)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.1%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>9.1%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.0pt)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">47.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1pt)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8pt</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Competition in Paraguay remained
very intense in Q4 2018 in both the mobile and fixed markets. In B2C Mobile, our total customer base remained stable during the
quarter but declined 6.6% year-on-year reflecting subscriber losses in the first nine months of the year.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Service revenue declined 4.8%,
impacted by the 5.5% depreciation of the Paraguayan Guarani year-on-year. On an organic basis, service revenue growth slowed to
2.6% in Q4 from 5.4% in Q3 due to intense price competition in the mobile market. Home growth also slowed but remained healthy
in the teens.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">EBITDA declined 4.4% in USD
terms and increased 1.0% organically in the quarter, as we took measures to protect our mobile market share and defend our margins,
which remained stable at 47.1%.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Bolivia</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,465</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,303</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.9%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,465</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,303</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home Customer relationships (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">389</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">231</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">68.7%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">389</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">231</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">68.7%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">160</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">148</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.0%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">614</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">555</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.2%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.1pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>10.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.5%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.0pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">156</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">147</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">597</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">549</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.6%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>8.7%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>9.1%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.4pt)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>11.1%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.6%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.5pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">62</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.1%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">232</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">217</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.7%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.1%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.2pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>7.3%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.3%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.0pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.1%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1pt)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39.1%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.3pt)</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Our Bolivia operation continued
to produce the fastest growth of the group in Q4 2018, as we continue to expand our cable and 4G broadband networks to meet strong
pent-up demand.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In Q4 2018, customer relationships
increased by 36,000, consistent with the pace seen in recent quarters, and we ended 2018 with 389,000, up almost 70% year-on-year.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In B2C Mobile, subscriber growth
remained solid especially in postpaid, which grew almost 25% year-on-year, and we added a record number of 4G smartphone data customers
during Q4, to end the year with 50% of our B2C Mobile customer base now consuming 4G services. B2C Mobile ARPU in Bolivia is among
the highest in the group.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Service revenue grew 6.4% year-on-year
on a reported basis and 8.7% organically, with the difference due to the adoption of IFRS 15. Organic service revenue growth in
Home remained very strong, in line with the robust growth in customer relationships and RGUs. Organic service revenue growth in
B2C Mobile slowed, due to more intense year-end promotional activity in Q4 2018 compared to Q4 2017 and due to a more difficult
comparison against a robust performance in Q4 2017.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">EBITDA grew 5.1% year-on-year
on a reported basis and 6.3% organically in Q4 2018, and the margin compressed by 1.1 percentage point to 39.0%, as we remained
focus primarily on driving faster growth in this market throughout 2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>CENTRAL AMERICA</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Guatemala</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,708</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,169</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,708</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10,169</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home Customer relationships (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">485</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">361</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.4%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">485</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">361</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.4%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">358</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">349</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.8%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,373</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,328</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.4%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.8%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.6pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.1%)</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.5pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">306</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">307</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,200</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,182</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.0pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.2%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.0%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.3pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">172</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">171</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">689</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">665</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.7%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.8%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.5%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.2pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.6%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.7%</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.9pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">48.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">49.0%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.9pt)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.1%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1pt</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Guatemala continues to perform
exceptionally well, and it also leads the group with respect to its operational excellence and its progress against business transformation
initiatives and objectives.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">During Q4, Guatemala added
134,000 total B2C Mobile subscribers, including more than 390,000 new 4G smartphone data users, to end the year with 10.7 million
customers. We estimate that our share of the mobile market has been steadily rising in recent years thanks to the superior quality
and coverage of our network, our more extensive distribution, and our well-regarding brand. Our Net Promoter Score (NPS) for Guatemala
is among the highest within our Latam segment, underscoring the strength of our brand in that country. In Home, we added 9,000
customer relationships to end 2018 with 485,000, an increase of 34.4% year-on-year, buoyed by the Q2 acquisition of Cable DX.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Service revenue declined 0.4%
in USD terms impacted by the weaker Guatemalan Quetzal, which depreciated 5.1% year-on-year in Q4. Year-on-year organic service
revenue growth was 6.4%, stable as compared to Q3. For a fourth consecutive quarter, we sustained growth of around 4% in B2C Mobile,
while B2B grew mid-single-digits, and Home sustained growth of more than 30% year-on-year.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">EBITDA rose 0.8% in USD and
3.8% organically, and the margin declined 0.9 percentage point to 48.0%. For the full year, organic EBITDA growth of 5.6%, slightly
below to service revenue growth of 6.2%, and the margin reached 50.2%, almost unchanged from 50.1% in 2017.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Honduras</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,497</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,625</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.8%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,497</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,625</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.8%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home Customer relationships (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">165</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">150</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.5%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">165</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">150</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.5%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">151</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">147</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.5%</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">586</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">585</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.8%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.5%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.3pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.1%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.1pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">142</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">143</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">555</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">566</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.1%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.6pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>1.8%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.5%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>2.3pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">64</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">19.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">268</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">265</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>21.8%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.4%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>23.2pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.4%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.2%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.8pt)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.3%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">43.2%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.1pt</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45.3%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.6pt</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Honduras strengthened throughout
2018 and had a very strong Q4. In B2C Mobile, we added 43,000 net total subscribers and continued to grow rapidly in postpaid and
in 4G. The mix shift toward higher-value customers is having a positive effect on ARPU, which continued to grow year-on-year in
Q4 2018. In Home, we continue to focus on improving the penetration of our network and on cross-selling to our existing customers.
In Q4, customer relationships increased 9.5% year-on-year, and total RGUs increase almost 15%.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Service revenue was flat year-on-year
in USD terms. The 2.9% depreciation of the Honduran Lempira combined with the effect of IFRS 15 offset organic growth of 4.4%,
our strongest quarter in more than three years. Organic service revenue growth in B2C Mobile turned positive, buoyed by improved
performance in prepaid, while growth in Home remained steady near 20%.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">EBITDA increased 19.3% in USD
terms and 21.8% on an organic basis, and the margin expanded 7.1 percentage points. A number of small one-off items contributed
positively in the quarter, and added approximately $6 million to EBITDA in aggregate.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">El Salvador</P>

<P STYLE="color: #000640; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 34%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile customers (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,500</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,796</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.6%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,500</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,796</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.6%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Home Customer relationships (&lsquo;000)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">273</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">312</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12.4%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">273</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">312</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12.4%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue ($ millions)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">101</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">110</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.1%)</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">405</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">422</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.1%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.4%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>3.5%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(11.9pt)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.3%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.8%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(3.5pt)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">91</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">103</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.8%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">371</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">398</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.7%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(8.9%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.4%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(14.3pt)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.6%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(0.6%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(4.0pt)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA ($ millions)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">35</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(21.3%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">133</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">155</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(13.6%)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;Organic growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(22.2%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>41.2%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(63.4pt)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(14.2%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.5%</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(18.6pt)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">34.9%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40.8%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.9pt)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.9%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">36.6%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.6pt)</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In El Salvador, we remained
focused in Q4 2018 on addressing the operational challenges that began in 2017 and that have been impacting our performance for
most of 2018. During the fourth quarter, service revenue declined 10.8% and EBITDA declined 21.3% year-on-year during the period,
capping a very disappointing year. While the market environment remains more challenging than in other Latam markets, we are confident
that the measures we have</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: right; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">taken throughout 2018 will
lead to increased stability and a gradual improvement in our operational and financial performance in 2019.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Africa segment - Key
Performance Indicators</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Key Performance Indicators (&lsquo;000)</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile customers</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">15,911</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14,631</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">MFS customers</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; background-color: white; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7,064</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; background-color: white; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6,756</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; background-color: white; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B2C Mobile ARPU ($)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; background-color: white; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.6</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; background-color: white; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.0</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; background-color: white; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.7%)</FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Our Africa segment operations comprise Tanzania,
including Zantel, and Chad. In aggregate, these represented 8.8% of Group revenue and 6.9% of EBITDA in Q4 2018. During the quarter,
we added 327,000 B2C Mobile subscribers in Africa, with both countries reporting healthy growth. ARPU declined 11.7% in USD terms
and 9.7% organically, with both countries seeing ARPU being diluted by the addition of new customers that generally have a lower
ARPU profile. Meanwhile, the number of customers that use mobile financial services (MFS) increased 4.6% year-on-year to reach
7.1 million, representing 45% of our B2C Mobile customer base.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Africa segment financial
results</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>Please refer to Note 5 of
our Unaudited Interim Condensed Consolidated Financial Statements for more details on our segments.</I></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 32%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt">
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Africa Financial Highlights</B></P>
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>($m, unless otherwise stated)</B>&nbsp;</P></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I>Change</I></B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Revenue</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">133</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">138</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.6%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">526</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">526</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Organic<SUP>i</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.3%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.2%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>5.9pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.6%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.1%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.8pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Service revenue</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">132</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">137</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.4%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">526</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;&nbsp;Organic<SUP>i</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(1.0%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(7.2%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.2pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>0.9%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(6.0%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>6.9pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>ii</SUP></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.9%)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">143</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>&nbsp;&nbsp;&nbsp;&nbsp;Organic<SUP>i</SUP> growth</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(2.5%)</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(19.8%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>17.3pt</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>4.0%</I></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>(14.5%)</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><I>18.5pt</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">EBITDA<SUP>ii</SUP> margin %</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">27.6%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28.6%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.0pt)</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">27.2%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">26.6%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.6pt</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Capex<SUP>ii</SUP></FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">21</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">21</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">40</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">69</FONT></TD>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41.6%)</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>i)</I></TD><TD><I>Organic YoY in local currency and constant perimeter to exclude Senegal, Ghana, and Rwanda</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>ii)</I></TD><TD><I>Organic growth, EBITDA and Capex are non-IFRS measures. See page 18 for a description of non-IFRS measures and for reconciliations
to the nearest equivalent IFRS measures.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Revenue declined 3.6% in USD terms and 1.3% organically
during Q4 2018. Service revenue declined 3.4% in USD and 1.0% organically, similar to a decline of 0.2% reported in Q3 2018. In
Tanzania, organic service revenue growth slowed slightly during the quarter as compared to Q3 2018, in part due to a more challenging
comparison against a relatively stronger performance in Q4 2017.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">EBITDA declined 6.9% in USD and 2.5% organically
during the quarter, and EBITDA margins contracted 1.0 percentage point year-on-year to 27.6%. EBITDA declined in Tanzania due mostly
to a value-added tax settlement relating to prior periods. Meanwhile, EBITDA in Chad rose double-digits year-on-year organically,
and the EBITDA margin expanded year-on-year and remained well above the average for the Africa segment. Chad EBITDA in Q4 2018
benefited from lower costs and lower provisions for bad debt. Capital expenditures in Africa totaled $40 million for the full year
2018.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 16 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Corporate Responsibility highlights &ndash;
Q4 2018</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Embedding Corporate Responsibility across
our supply chain</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">We closed the second year of our supplier training
program in Latam with the participation of 109 suppliers from the region. Suppliers were provided with one-on-one sessions with
subject matter experts to develop Corrective Action Plans where needed. Findings from our look-back evaluations demonstrated that
Ecoefficiency, Health and Safety and Labor Practices are the most recurring areas for Corrective Action Plans. We will analyze
the maturity levels of our suppliers&rsquo; CR performance during Q1 of 2019 to optimize this year&rsquo;s roll out.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Millicom&rsquo;s Child Rights program continues
to gain momentum and gather recognition </B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Paraguay launched a new social media campaign called
&ldquo;You have the power over what you share&rdquo;, focused on the danger of sexting and sharing intimate or inappropriate imagery
for children and adolescents. The campaign will be followed up by another one focused on online bullying.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Continuing the momentum from the Colombia research
study focused on the uses and effect of technology on children, plans were set to conduct similar research in our other Latam operations
and to create a region-wide baseline of understanding of the use of technologies by children and adolescents.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Our partnership with UNICEF moves forward with the
allocation of funds for 2019 projects in Paraguay and Colombia. Both projects will focus on the reduction of violence among children
and adolescents through technology. These projects will start during Q1 2019, with the active participation of our local CR teams.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Health, safety, security and environment</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Q4 2018 was a period of analysis, reviewing group
and operational objectives, and setting new targets for 2019. The Integrated Services teams continued their work with the transition
from the 18001 OHSAS system to the new ISO 45001 management system with the goal of launching the new system in Q1 of 2019. All
our operations are in line with OHSAS 18001 and 91% certified on its standards. Transition to ISO 45001 implies compliance with
OHSAS requirements, enhanced stakeholder engagement, higher focus on communication and performance evaluation, and leadership and
management commitment, among others.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">There were no fatalities or serious events to report
during the final quarter of 2018. We decided to remove the travel ban on Nicaragua as a result of decreased reported political
and civil unrest across the country.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Compliance and anti-corruption programme </B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">During the fourth quarter of 2018, we continued
building on our comprehensive compliance communication campaign, &ldquo;Integrity Starts with You&rdquo;. We used the campaign
through the year to reinforce the importance of building a culture of compliance, where each employee acts with Integrity. The
campaign reminded employees that everyone signed and thus adopted the Company&rsquo;s Code of Conduct having understood the important
legal and ethical issues that affect our business.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">2018&rsquo;s Compliance Week celebration in Q4 built
on driving a culture of compliance by accountability with the theme: &ldquo;Do Business the Right Way&rdquo;. During Compliance
Week, we also introduced the living theme &ldquo;I am Compliance&rdquo; and raised the key question #Howdoyoucomply&mdash;allowing
employees to speak toward how they personally contribute to a culture of compliance at Millicom with videos and photos. Special
attention was given to strengthening everyone&rsquo;s compliance duties and embracing the understanding that Compliance is part
of our Culture, and not just a policy.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Conference call details</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">A presentation and conference
call to discuss these results will take place on February 8<SUP>th</SUP> 2019 at 2:00 PM (Luxembourg/Stockholm) / 1:00 PM (London)
/ 8:00 AM (New York). Please dial in 5-10 minutes before the scheduled start time to register your attendance. Dial-in numbers
for the call are as follows:</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>Luxembourg:</B></FONT></TD>
    <TD STYLE="width: 25%; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>+352 2786 1336</B></FONT></TD>
    <TD STYLE="width: 25%; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>US:</B></FONT></TD>
    <TD STYLE="width: 25%; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>+1 323 794-2551</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>Sweden:</B></FONT></TD>
    <TD STYLE="color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>+46 (0)8 5033 6574</B></FONT></TD>
    <TD STYLE="color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>UK:</B></FONT></TD>
    <TD STYLE="color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray"><B>+44 (0) 330 336 9105</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>The access code is: 5373804</B></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">A live audio stream, presentation slides, and replay
information can be accessed at www.millicom.com.</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Financial calendar</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>2019</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">April 10</FONT></TD>
    <TD STYLE="width: 86%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Last day for shareholders to add items to the AGM agenda</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">April 23</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q1 results</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">April 24</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q1 results conference call</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">May 2</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">AGM</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">July 18</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q2 results</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">July 19</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q2 results conference call</FONT></TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">October 23</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q3 results</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">October 24</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: gray">Q3 results conference call</FONT></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>For further information, please contact </B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: #8EAADB 1pt solid; border-right: #8EAADB 1pt solid; border-bottom: #8EAADB 1.5pt solid; border-left: #8EAADB 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Press: </B></FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Vivian Kobeh, Corporate Communications Director</FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">+1 305 476-7352</FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">press@millicom.com</FONT></TD>
    <TD STYLE="width: 50%; border-top: #8EAADB 1pt solid; border-right: #8EAADB 1pt solid; border-bottom: #8EAADB 1.5pt solid; padding: 2pt">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Investors: </B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.9pt 0pt 0">Michel Morin, VP Investor
Relations<BR>
+1 305 445-4156&nbsp;</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.9pt 0pt 0">investors@millicom.com</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.9pt 0pt 0">&nbsp;</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0">Mauricio Pinzon, Investor Relations
        Manager<BR>
        +44 20 3249 2460</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0"></P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0">investors@millicom.com&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>About Millicom</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Millicom (NASDAQ U.S.: TIGO,
Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and
Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle services
through its principal brand, TIGO. As of December 31<SUP>st</SUP> 2018, Millicom operating subsidiaries and joint ventures employed
more than 21,000 people and provided mobile services to approximately 48 million customers, with a cable footprint of more than
11 million homes passed. Founded in 1992, Millicom International Cellular SA is headquartered in Luxembourg.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000640; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Statements</B></P>

<P STYLE="color: rgb(0,6,64); font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Statements included herein
that are not historical facts, including without limitation statements concerning future strategy, plans, objectives, expectations
and intentions, projected financial results, liquidity, growth and prospects, are forward-looking statements. Such forward-looking
statements involve a number of risks and uncertainties and are subject to change at any time. This includes, but is not limited
to, Millicom&rsquo;s expectation and ability to pay semi-annual cash dividends on its common stock in the future, subject to the
determination by the Board of Directors, and based on an evaluation of company earnings, financial condition and requirements,
business conditions, capital allocation determinations and other factors, risks and uncertainties. In the event such risks or uncertainties
materialize, Millicom&rsquo;s results could be materially adversely affected. The risks and uncertainties include, but are not
limited to, the following:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Global economic conditions and foreign
exchange rate fluctuations as well as local economic conditions in the markets we serve;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Telecommunications usage levels, including
traffic and customer growth;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Competitive forces, including pricing pressures,
the ability to connect to other operators&rsquo; networks and our ability to retain market share in the face of competition from
existing and new market entrants as well as industry consolidation;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Legal or regulatory developments and changes,
or changes in governmental policy, including with respect to the availability of spectrum and licenses, the level of tariffs, tax
matters, the terms of interconnection, customer access and international settlement arrangements;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Adverse legal or regulatory disputes or
proceedings;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The success of our business, operating
and financing initiatives and strategies, including partnerships and capital expenditure plans;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The level and timing of the growth and
profitability of new initiatives, start-up costs associated with entering new markets, the successful deployment of new systems
and applications to support new initiatives;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Relationships with key suppliers and costs
of handsets and other equipment;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our ability to successfully pursue acquisitions,
investments or merger opportunities, integrate any acquired businesses in a timely and cost-effective manner and achieve the expected
benefits of such transactions;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The availability, terms and use of capital,
the impact of regulatory and competitive developments on capital outlays, the ability to achieve cost savings and realize productivity
improvements;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Technological development and evolving
industry standards, including challenges in meeting customer demand for new technology and the cost of upgrading existing infrastructure;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The capacity to upstream cash generated
in operations through dividends, royalties, management fees and repayment of shareholder loans; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Other factors or trends affecting our financial
condition or results of operations. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">A further list and description
of risks, uncertainties and other matters can be found in Millicom&rsquo;s Registration Statement on Form 20-F, including those
risks outlined in &ldquo;Item 3. Key Information&mdash;D. Risk Factors,&rdquo; and in Millicom&rsquo;s subsequent U.S. Securities
and Exchange Commission filings, all of which are available at www.sec.gov.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">All forward-looking statements
attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. Readers
are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Except to
the extent otherwise required by applicable law, we do not undertake any obligation to update or revise forward-looking statements,
whether as a result of new information, future events or otherwise.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000640; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Non IFRS Measures</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">This press release contains
financial measures not prepared in accordance with IFRS. These measures are referred to as &ldquo;non-IFRS&rdquo; measures and
include: non-IFRS service revenue, non-IFRS EBITDA, and non-IFRS Capex, among others defined below. Annual growth rates for these
non-IFRS measures are often expressed in organic constant currency terms to exclude the effect of changes in foreign exchange rates,
the adoption of new accounting standards such as IFRS 15, and are proforma for material changes in perimeter due to acquisitions
and divestitures.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The non-IFRS financial measures
are presented in this press release as Millicom&rsquo;s management believes they provide investors with an additional information
for the analysis of Millicom&rsquo;s results of operations, particularly in evaluating performance from one period to another.
Millicom&rsquo;s management uses non-IFRS financial measures to make operating decisions, as they facilitate additional internal
comparisons of Millicom&rsquo;s performance to historical results and to competitors' results, and provides them to investors as
a supplement to Millicom&rsquo;s reported results to provide additional insight into Millicom&rsquo;s operating performance. Millicom&rsquo;s
Remuneration Committee uses certain non-IFRS measures when assessing the performance and compensation of employees, including Millicom&rsquo;s
executive directors.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The non-IFRS financial measures
used by Millicom may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by
other companies - refer to the section &ldquo;Non-IFRS Financial Measure Descriptions&rdquo; for additional information. In addition,
these non-IFRS measures should not be considered in isolation as a substitute for, or as superior to, financial measures calculated
in accordance with IFRS, and Millicom&rsquo;s financial results calculated in accordance with IFRS and reconciliations to those
financial statements should be carefully evaluated.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>Non-IFRS Financial Measure
Descriptions</B></P>

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Service
revenue </B></FONT><FONT STYLE="color: #808285">is revenue related to the provision of ongoing services such as monthly subscription
fees, airtime and data usage fees, interconnection fees, roaming fees, mobile finance service commissions and fees from other telecommunications
services such as data services, short message services and other value-added services excluding telephone and equipment sales.</FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>EBITDA
</B></FONT><FONT STYLE="color: #808285">is operating profit excluding impairment losses, depreciation and amortization, and gains/losses
on fixed asset disposals.</FONT>&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #000640"><B>Underlying</B></FONT> <FONT STYLE="color: #808285">measures,
such as </FONT><FONT STYLE="color: #000640"><B>Underlying service revenue, Underlying EBITDA, Underlying equity free cash flow,
</B></FONT><FONT STYLE="color: #808285">and</FONT> <FONT STYLE="color: #000640"><B>Underlying net debt,</B></FONT> <FONT STYLE="color: #808285">include
Guatemala and Honduras, as if fully consolidated. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Proportionate
EBITDA</B></FONT> <FONT STYLE="color: #808285">is the sum of the EBITDA in every country where Millicom operates, including its
Guatemala and Honduras joint ventures, pro rata for Millicom&rsquo;s ownership stake in each country, less unallocated costs and
inter-company eliminations.</FONT>&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Organic
growth</B></FONT> <FONT STYLE="color: #808285">represents year-on year-growth excluding the impact of changes in FX rates, perimeter,
and accounting. </FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Net
debt</B></FONT> <FONT STYLE="color: #808285">is Gross debt (including finance leases) less cash and pledged and term deposits.</FONT>&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Proportionate
net debt</B></FONT> <FONT STYLE="color: #808285">is the sum of the net debt in every country where Millicom operates, including
its Guatemala and Honduras joint ventures, pro rata for Millicom&rsquo;s ownership stake in each country. </FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Net
debt to EBITDA</B></FONT> <FONT STYLE="color: #808285">is the ratio of net debt over LTM (last twelve month) EBITDA.</FONT>&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Proportionate
net debt to EBITDA</B></FONT> <FONT STYLE="color: #808285">is the ratio of proportionate net debt over LTM proportionate EBITDA.</FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Capex
</B></FONT><FONT STYLE="color: #808285">is balance sheet capital expenditure excluding spectrum and license costs and finance
lease capitalizations from tower sale and leaseback transactions.</FONT>&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Cash
Capex</B></FONT> <FONT STYLE="color: #808285">represents the cash spent in relation to capital expenditure, excluding spectrum
and licenses costs and finance lease capitalizations from tower sale and leaseback transactions.</FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Operating
Cash Flow (OCF)</B></FONT> <FONT STYLE="color: #808285">is EBITDA less Capex.</FONT>&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Operating
Free Cash Flow</B></FONT> <FONT STYLE="color: #808285">is OCF less changes in working capital and other non-cash items and taxes
paid.</FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Equity
Free Cash Flow</B></FONT> <FONT STYLE="color: #808285">is Operating Free Cash Flow less finance charges paid (net), less advances
for dividends to non-controlling interests, plus dividends received from joint ventures.</FONT>&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Return
on Invested Capital (ROIC)</B></FONT> <FONT STYLE="color: #808285">is used to assess the Group&rsquo;s efficiency at allocating
the capital under its control to and is defined as Operating Profit After Tax, including Guatemala and Honduras as if fully consolidated,
divided by the average invested Capital during the period. </FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Operating
Profit After Tax </B></FONT><FONT STYLE="color: #808285">displays the profit generated from the operations of the company after
statutory taxes.</FONT>&nbsp;</P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640"><B>Average
Invested Capital</B></FONT> <FONT STYLE="color: #808285">is the capital invested in the company operation throughout the year and
is calculated with the average of opening and closing balances of the total assets minus current liabilities (excluding debt, joint
ventures, accrued interests, deferred and current tax, cash as well as investments and non-controlling interests), minus assets
and liabilities held for sale.</FONT></P>

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 20 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000640; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Non-IFRS Reconciliations</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Reconciliation from Reported Growth to Organic
Growth for the Latam and Africa segments</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #00245D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period ($million)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,381</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,407</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,263</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,307</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">520</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period ($million)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,407</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,365</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,307</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,257</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">520</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">474</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.9%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.1%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.3%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.9%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.9%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.1%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.9%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.2%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.4%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.5%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.9%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.6%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Organic Growth (C-D-E-F)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.5%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.1%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.7%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.1%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">9.0%</FONT></TD></TR>
<TR>
    <TD STYLE="width: 31%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Latam Segment</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #00245D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period ($million)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,485</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,441</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,069</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,078</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,077</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,024</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period ($million)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,441</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,352</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,078</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,966</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,024</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,935</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.8%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.2%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.3%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.6%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.6%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.3%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.5%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.4%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Organic Growth (C-D-E-F)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.5%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.2%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.3%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.9%</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.5%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.8%</FONT></TD></TR>
<TR>
    <TD STYLE="width: 31%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa Segment</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #00245D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period ($million)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">133</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">138</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">132</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">137</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">37</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period ($million)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">138</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">147</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">137</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">147</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.6%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.4%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.4%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.5%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.9%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(22.1%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.0%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.2%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.7%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.5%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Organic Growth (C-D-E-F)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.3%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.2%)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.0%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.2%)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.5%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(19.8%)</FONT></TD></TR>
<TR>
    <TD STYLE="width: 31%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD ROWSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Africa Segment</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revenue</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service Revenue</U></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #00245D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>EBITDA</U></B></FONT></TD></TR>
<TR STYLE="background-color: #000640">
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">A- Current period ($million)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">526</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">526</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">526</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">143</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">B- Prior year period ($million)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">526</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">564</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">524</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">562</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">158</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">C- Reported growth (A/B)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.9%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.3%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.8%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.4%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11.3%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">D- Accounting change impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.1%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.7%)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">E- Change in Perimeter impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">F- FX impact</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.7%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4%)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.8%)</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.1%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.4%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">G- Organic Growth (C-D-E-F)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.6%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.1%)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.9%</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.0%)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.0%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(14.5%)</FONT></TD></TR>
<TR>
    <TD STYLE="width: 31%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
</TABLE>

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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: right; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Foreign Exchange rates used to support FX
impact calculations in the above Organic Growth reconciliations</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #000640">
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #00245D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>Average FX rate (vs. USD)</U></B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; color: #00245D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><U>End of period FX rate (vs. USD)</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #000640">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 17</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>YoY</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 18</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q3 18</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>QoQ</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 17</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>YoY</B></FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">BOB</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6.91</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.0%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;6.91 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;6.91 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;6.91 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0.0%</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">COP</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,166</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,952</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.3%)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,985</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.1%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;3,250 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;2,972 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.3%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;2,984 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8.9%)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Costa Rica</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">CRC</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">599</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">572</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.7%)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">572</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.8%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;608 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;582 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.4%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;573 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.2%)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">GTQ</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.72</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.56</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.1%)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.34</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.1%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;7.74 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;7.70 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;7.34 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.3%)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">HNL</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.29</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">24.10</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.8%)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">23.60</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.9%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;24.42 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;24.14 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.2%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;23.67 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.2%)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">PYG</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,946</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,792</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.7%)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,638</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(5.5%)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;5,961 </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;5,895 </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.1%)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;5,590 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(6.6%)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Chad</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">XAF</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">588</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">576</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.0%)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">570</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3.1%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;580 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;586 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.0%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;558 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.0%)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Ghana</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">GHS</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.85</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.79</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.4%)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4.44</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.3%)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;4.82 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;4.91 </FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.7%</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;4.42 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9.2%)</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Tanzania</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">TZS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,294</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,281</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.5%)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,241</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.4%)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;2,299 </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;2,285 </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(0.6%)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;2,245 </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.4%)</FONT></TD></TR>
<TR>
    <TD STYLE="width: 11%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 6%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 7%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Reconciliation Net debt to EBITDA to Proportionate
net debt to EBITDA as of December 31<SUP>st</SUP> 2018</B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="vertical-align: bottom; border: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #00245D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B><I><U>Proportionate</U></I></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #000640">
    <TD STYLE="width: 13%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross debt</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net debt</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Leverage*</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Ownership</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Gross debt</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Net debt</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; padding: 2pt; border-right: Black 1pt solid; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Leverage*</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Bolivia</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">317</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">269</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.16x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">317</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">269</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.16x</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Colombia</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,015</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">837</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.70x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">50.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">508</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">419</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.70x</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">El Salvador</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">299</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">272</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.04x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">299</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">272</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2.04x</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Guatemala</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">927</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">706</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.03x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">55.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">510</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">389</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.03x</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Honduras</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">383</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">358</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.33x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">66.7%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">255</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">239</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.33x</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Panama</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">261</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">255</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.50x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">80.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">209</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">204</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.50x</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Paraguay</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">504</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">447</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.35x</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">504</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">447</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1.35x</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other</FONT></TD>
    <TD STYLE="color: #00245D; text-align: center; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">148</FONT></TD>
    <TD STYLE="color: #00245D; text-align: center; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">123</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.0%</FONT></TD>
    <TD STYLE="color: #00245D; text-align: center; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">148</FONT></TD>
    <TD STYLE="color: #00245D; text-align: center; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">123</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Latam</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,855</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,267</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.37x</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,750</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,361</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.39x</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Africa</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>265</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>223</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.37x</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">99.0%</FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>251</B></FONT></TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>211</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.31x</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Corporate </B></FONT></TD>
    <TD STYLE="color: #00245D; text-align: center; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,770</B></FONT></TD>
    <TD STYLE="color: #00245D; text-align: center; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,625</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">100.0%</FONT></TD>
    <TD STYLE="color: #00245D; text-align: center; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,770</B></FONT></TD>
    <TD STYLE="color: #00245D; text-align: center; padding: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,625</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>NM</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,890</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>5,116</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.18x</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; background-color: #D0CECE; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,772</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,197</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.52x</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>* Leverage defined as net debt to EBITDA.
Underlying net debt to EBITDA as of December 31<SUP>st</SUP> 2018 is based on last twelve-month (LTM) Underlying EBITDA of $2,347
million, including $170 million proforma Adjusted EBITDA for Cable Onda in Panama. Proportionate net debt to EBITDA as of December
31<SUP>st</SUP> 2018 is based on LTM proportionate EBITDA of $1,666 million, including $136 million proforma Adjusted EBITDA for
our 80% stake in Cable Onda. </I></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 22 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><I>Fully consolidated P&amp;L reconciliation
for IFRS 15 implementation (unaudited)</I></B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 52%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: left; color: white; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$ millions</FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>IFRS 15 Impact</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt">
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Q4 2018</B></P>
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>ex. IFRS 15</B></P>
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Q4 2017</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>YoY change %</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,010</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>16</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,026</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,056</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(2.9%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;&nbsp;Telephone and Equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>57</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(9)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>48</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>55</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(12.3%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;&nbsp;Service revenue</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>953</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>25</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>978</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,002</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(2.4%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(282)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(289)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(322)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(10.2%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>728</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>737</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>734</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>0.3%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(460)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(9)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(469)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(403)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">268</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">268</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">331</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(19.2%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(169)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(169)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(177)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4.1%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(41)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">32.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">42</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">25</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">67.8%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">44</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(76.7%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>113</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>110</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>193</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(43.1%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(92)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(92)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(81)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(32)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.4%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(61)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(64)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>81</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(179.4%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(33)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">38.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period from continuing ops.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(107)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(3)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(110)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>48</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(328.7%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">19</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(12)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">33</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(94)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(95)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>69</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(237.0%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="color: #00245D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; color: #44546A; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; color: #44546A; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; color: #44546A; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; color: #44546A; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; color: #44546A; text-align: center">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 52%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: left; color: white; font-weight: bold"><BR STYLE="clear: both">
<BR STYLE="clear: both">
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$ millions</FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>IFRS 15 Impact</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt">
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>FY 2018</B></P>
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>ex. IFRS 15</B></P>
        <P STYLE="color: white; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: #44546A 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>FY 2017</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>YoY change %</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,074</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>77</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,151</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,076</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1.8%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;&nbsp;Telephone and Equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>213</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(39)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>173</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>200</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(13.4%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">&nbsp;&nbsp;Service revenue</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,861</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>116</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,978</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,876</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2.6%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,146)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(48)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,193)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,205)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.0%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,928</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>29</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,958</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,871</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3.0%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,674)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(40)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,714)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,593)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7.6%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,254</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(11)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,244</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,278</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2.7%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(685)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(685)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(695)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.3%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(144)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(144)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(146)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1.3%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of profit in Guatemala and Honduras</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">152</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">140</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">8.3%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">68</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">12.5%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>655</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(13)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>642</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>645</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(0.5%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(350)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(350)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(380)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7.8%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(40)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(40)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from other JVs and associates, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(136)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(136)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(85)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">59.1%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>129</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(13)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>117</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>176</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(33.8%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(116)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(115)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(158)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(26.8%)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period from continuing ops.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>13</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(12)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>18</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(93.1%)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">18</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5.9%</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">51</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">NM</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(10)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(9)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(19)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: #44546A 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>86</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(122.1%)</B></FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 23 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><I>Guatemala and Honduras Financial Statement
data (unaudited)</I></B></P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>Until 2015, Millicom group results included Guatemala
and Honduras on a 100% consolidation basis. Since 2016, these businesses are treated as joint ventures and are consolidated using
the equity method. To aid investors to better track the evolution of the company&rsquo;s performance over time, we provide the
following indicative unaudited financial statement data for the Millicom group as if our Guatemala and Honduras joint ventures
had been fully consolidated. </I></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 43%; border: Black 1pt solid; padding: 2pt; text-align: left; color: white; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Profit
and loss data - Q4 2018 </FONT><BR STYLE="clear: both">
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">($ millions)</FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Eliminations</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Total </B></FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>(non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,010</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>503</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>-</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,513</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(282)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(115)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(397)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>728</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>388</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>-</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,116</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(460)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(150)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(610)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #44546A"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>268</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>238</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>-</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>507</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>26.6%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>47.3%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>33.5%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(211)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(99)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(310)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">45</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(45)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">10</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(7)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>113</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>132</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(45)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>200</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(92)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(19)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(111)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(8)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(54)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from associates </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(35)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(61)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>105</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(45)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(46)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(25)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(71)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(107)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>81</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(45)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(71)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(36)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(19)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(94)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>45</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(45)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(94)</B></FONT></TD></TR>
<TR>
    <TD STYLE="color: #00245D; padding: 0pt">&nbsp;</TD>
    <TD STYLE="color: #44546A; text-align: center; padding: 0pt">&nbsp;</TD>
    <TD STYLE="color: #44546A; text-align: center; padding: 0pt">&nbsp;</TD>
    <TD STYLE="color: #44546A; text-align: center; padding: 0pt">&nbsp;</TD>
    <TD STYLE="color: #44546A; text-align: center; padding: 0pt">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 43%; border: Black 1pt solid; padding: 2pt; text-align: left; color: white; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Profit
and loss data - FY 2018 </FONT><BR STYLE="clear: both">
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">($ millions)</FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Eliminations</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Total </B></FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>(non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Revenue</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,074</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,937</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>-</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6,011</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cost of sales</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,146)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(424)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,569)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Gross profit</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,928</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,514</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>-</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,442</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Operating expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,674)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(592)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2,266)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #44546A"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,254</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>922</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>-</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,176</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EBITDA margin</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>30.8%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>47.6%</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>36.2%</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Depreciation &amp; amortization</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(830)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(415)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(1,245)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Share of net profit in joint ventures</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">154</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(154)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">76</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(20)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">56</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Operating profit</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>655</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>487</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(154)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>988</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net financial expenses</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(350)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(85)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(436)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-operating income (expenses), net</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(40)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(31)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(71)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Gains (losses) from associates </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(136)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(136)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before tax</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>129</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>371</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(154)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>346</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Net tax credit (charge)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(116)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(87)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(204)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>13</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>283</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(154)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>142</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) from discontinued operations</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">16</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(129)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(113)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net profit (loss) for the period</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(10)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>154</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(154)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; color: #44546A; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(10)</B></FONT></TD></TR>
</TABLE>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 52%; border: #00245D 1pt solid; padding: 2pt; color: #00245D"><BR STYLE="clear: both">
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Balance Sheet data ($ millions)</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom</B></FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>(IFRS)</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala and Honduras JVs</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: #00245D 1pt solid; border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Total </B></FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>(non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>ASSETS</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: right; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: right; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: right; color: #00245D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Intangible assets, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,374</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,928</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,303</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Property, plant and equipment, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,041</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">985</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,027</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Investments in joint ventures and associates</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3,036</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(2,835)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">201</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-current assets</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">332</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">137</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">469</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8,784</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,216</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>9,999</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Inventories, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">39</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">28</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">67</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Trade receivables, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">343</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">80</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">423</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other current assets</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">461</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">322</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">783</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Restricted cash</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">158</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">13</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">171</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">528</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">241</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">769</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,529</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>683</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,212</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Assets held for sale</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">3</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10,316</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,899</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>12,215</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Equity attributable to owners of the Company</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,542</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(42)</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,500</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Non-controlling interests</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">249</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">610</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">858</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,790</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>568</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>3,358</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">4,123</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,225</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">5,347</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other non-current liabilities</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">719</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">726</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL NON-CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>4,841</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,232</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>6,074</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Debt and financing</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">458</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">85</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">543</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Other current liabilities</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,226</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">14</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">2,240</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,684</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>99</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>2,782</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Liabilities directly associated with assets held for sale</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>7,526</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,331</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>8,856</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>TOTAL EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>10,316</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,899</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>12,215</B></FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: right; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%; text-align: left; vertical-align: middle; background-color: rgb(0,25,60); padding-left: 0.125in"><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>EARNINGS Release</B></FONT></P><P STYLE="color: #96F0FF; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"></P><P STYLE="color: #96F0FF; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in"><FONT STYLE="text-transform: uppercase"><B>q4 2018</B></FONT>&nbsp;</P></TD><TD STYLE="width: 50%; text-align: right; vertical-align: middle; background-color: rgb(0,25,60)"><IMG SRC="i1-header.jpg" ALT="">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="background-color: rgb(0,25,60); padding-left: 0.125in">&nbsp;</TD><TD STYLE="background-color: rgb(0,25,60)">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt; font-family: Arial, Helvetica, Sans-Serif">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 63%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow data &ndash; Q4 2018 ($ millions)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala &amp; Honduras JVs</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Total </B></FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>(non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes from continuing operations</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(61)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>60 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; text-indent: 10pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) for the period from discontinued operations</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; text-indent: 10.05pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(65)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>60 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(5)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; text-indent: 10.05pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash provided by operating activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>231 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>142 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>373 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; text-indent: 10.05pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash used in investing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1,045)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(138)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1,183)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash from (used by) financing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>606 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(130)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>476 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Exchange impact on cash and cash equivalents, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(23)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(23)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(230)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(73)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(303)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">758 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">314 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">1,072 </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Effect of cash in disposal group held for Sale</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>528 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>241 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>769 </B></FONT></TD></TR>
<TR>
    <TD STYLE="color: #00245D; padding: 0pt">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 0pt">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 0pt">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #00245D; padding: 0pt">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #000640">
    <TD STYLE="width: 63%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: #00245D 1pt solid; border-left: Black 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Cash Flow data &ndash; FY 2018 ($ millions)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Millicom (IFRS)</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Guatemala &amp; Honduras JVs</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>Total </B></FONT><BR>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: white"><B>(non-IFRS)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes from continuing operations</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>129 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>216 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>346 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; text-indent: 10pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Profit (loss) for the period from discontinued operations</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(39)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; text-indent: 10.05pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Profit (loss) before taxes</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>91 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>216 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>307 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; text-indent: 10.05pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash provided by operating activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>792 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>712 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>1,505 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; text-indent: 10.05pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash used in investing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1,199)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(525)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(1,724)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net cash from (used by) financing activities (incl. discontinued ops)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>341 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(261)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>80 </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Exchange impact on cash and cash equivalents, net</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(33)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(4)</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">(36)</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(98)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(78)</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>(176)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">619 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">319 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">938 </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">Effect of cash in disposal group held for Sale</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6 </FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">-</FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640">6 </FONT></TD></TR>
<TR>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; border-left: #00245D 1pt solid; padding: 2pt; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>528 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>241 </B></FONT></TD>
    <TD STYLE="border-right: #00245D 1pt solid; border-bottom: #00245D 1pt solid; padding: 2pt; text-align: center; color: #00245D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>769 </B></FONT></TD></TR>
</TABLE>
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<P STYLE="color: #808285; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>This
information was prior to this release inside information and is information that Millicom is obliged to make public pursuant to
the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out
above, at 22:05 CET on February 7, 2019.</I></FONT></P>

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    <TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR>
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<P STYLE="color: #000640; font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.7pt 0pt 0"><B>Unaudited Interim Condensed Consolidated
Financial Statements </B></P>

<P STYLE="color: #000640; font: 36pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.7pt 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 20pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.7pt 0pt 0"><B>For the three-month period and
year</B></P>

<P STYLE="color: #000640; font: 20pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.7pt 0pt 0"></P>

<P STYLE="color: #000640; font: 20pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.7pt 0pt 0"><B>ended December 31, 2018 </B></P>

<P STYLE="color: #000640; font: 20pt Arial, Helvetica, Sans-Serif; margin: 0pt 67.7pt 0pt 0">&nbsp;</P>

<P STYLE="color: #000640; font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">February 7, 2019</P>

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    <TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P>
                           <P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD>
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<P STYLE="color: #39B8D4; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Unaudited interim condensed consolidated
income statements for the year ended December 31, 2018</P>

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<TR>
    <TD STYLE="vertical-align: bottom; width: 58%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-top: gray 1pt solid">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 17%; border-top: gray 1pt solid">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended&nbsp;</B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>(i)</B></P></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #17365D"><B>Revenue&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #17365D"><B>5</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #17365D"><B>4,074</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #17365D"><B>4,076</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Cost of sales&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(1,146)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(1,205)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Gross profit</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2,928</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2,871</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Operating expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(1,674)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(1,593)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Depreciation&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(685)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(695)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Amortization&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(144)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(146)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Share of profit in the joint ventures in Guatemala and Honduras &#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">14</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">154</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">140</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Other operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">76</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">68</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Operating profit</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>5</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>655</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>645</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Interest and other financial expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(371)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(396)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Interest and other financial income&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">21</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">16</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Other non-operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">6</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(40)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Profit (loss) from other joint ventures and associates, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(136)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(85)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Profit before taxes from continuing operations</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>129</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>176</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Charge for taxes, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(116)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(158)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Profit for the year from continuing operations</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>13</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>18</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Profit (loss) for the year from discontinued operations, net of tax&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(39)</FONT></TD>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">51</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Net profit&nbsp;for the year</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(26)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>69</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Attributable to:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Owners of the Company&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">86</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Non-controlling interests&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(16)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(17)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Earnings per common share for net profit (loss) attributable to the owners of the Company:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285"><B>Basic ($)</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(0.10)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">0.86</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285"><B>Diluted ($)</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(0.10)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">0.86</FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: rgb(128,130,133); font: italic 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(i) Re-presented
for discontinued operations (see note 4). Not restated for the application of IFRS 15 and 9, as the Group elected the modified
retrospective approach for both standards (see note 2).</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The accompanying notes are an integral part of
these unaudited interim condensed consolidated financial statements<BR STYLE="clear: both"></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #39B8D4; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Unaudited interim condensed consolidated
income statements for the three-month period ended December 31, 2018</P>

<P STYLE="color: #39B8D4; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000640"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: gray 1pt solid">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>(i)</B></P></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #17365D"><B>Revenue&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #17365D"><B>5</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #17365D"><B>1,010</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #17365D"><B>1,056</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Cost of sales&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(282)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(322)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Gross profit</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>728</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>734</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Operating expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(460)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(403)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Depreciation&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(169)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(177)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Amortization&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(41)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(31)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Share of profit in the joint ventures in Guatemala and Honduras&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">14</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">45</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">25</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Other operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">10</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">44</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Operating profit</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D">5</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>113</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>193</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Interest and other financial expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(99)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(86)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Interest and other financial income&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Other non-operating (expenses) income, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">6</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(46)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">1</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Profit (loss) from other joint ventures and associates, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(35)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(32)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Profit before taxes from continuing operations</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(61)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>81</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Charge for taxes, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(46)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(33)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Profit (loss) for the period from continuing operations</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(107)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>48</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 57%; background-color: #F2F2F2; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Profit (loss) for the period from discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; background-color: #F2F2F2; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; width: 18%; background-color: #F2F2F2; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; background-color: #F2F2F2; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">33</FONT></TD>
    <TD STYLE="width: 1%; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Net profit (loss) for the period</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(111)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>82</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Attributable to:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Owners of the Company&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(94)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">69</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Non-controlling interests&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(17)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">12</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #00245D"><B>Earnings per common share for net profit (loss) attributable to the owners of the Company:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285"><B>Basic ($)</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(0.94)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">0.69</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285"><B>Diluted ($)</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(0.94)</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">0.69</FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: rgb(128,130,133); font: italic 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(i) Re-presented
for discontinued operations (see note 4). Not restated for the application of IFRS 15 and 9, as the Group elected the modified
retrospective approach for both standards (see note 2).</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The accompanying notes are an integral part of
these unaudited interim condensed consolidated financial statements<BR STYLE="clear: both">
</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #39B8D4; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Unaudited interim condensed consolidated
statements of comprehensive income for the three-month period and the year ended December 31, 2018</P>

<P STYLE="color: #39B8D4; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 69%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31, 2018</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P>
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>(i)</B></P></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit for the year&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(26)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">69</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Other comprehensive income (to be reclassified to income statement in subsequent periods), net of tax:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Exchange differences on translating foreign operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(81)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">85</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash flow hedges&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Other comprehensive income (not to be reclassified to profit and loss in subsequent periods), net of tax:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Remeasurements of pension obligations, net of taxes&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Total comprehensive income for the year</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(108)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>158</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Attributable to:</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Owners of the Company&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(78)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">173</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Non-controlling interests&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(30)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(15)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 69%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Total comprehensive income for the period arises from:</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 16%; border-top: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Continuing operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(97)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">120</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">38</FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: rgb(128,130,133); font: italic 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(i) Re-presented
for discontinued operations (see note 4). Not restated for the application of IFRS 15 and 9, as the Group elected the modified
retrospective approach for both standards (see note 2).</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 69%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: gray 1pt solid; text-align: center; vertical-align: top">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Three months
ended&nbsp;</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: #000660"><B>December
31, 2017</B></FONT><B> <FONT STYLE="color: #000640"></FONT></B></P>
        <P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B><FONT STYLE="color: #000640">(i)</FONT></B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit (loss) for the period&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(111)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">82</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Other comprehensive income (to be reclassified to income statement in subsequent periods), net of tax:</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Exchange differences on translating foreign operations&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(62)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">63</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash flow hedges&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Other comprehensive income (not to be reclassified to profit and loss in subsequent periods), net of tax:</B></FONT></TD>
    <TD STYLE="color: #1F497D">&nbsp;</TD>
    <TD STYLE="color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Remeasurements of pension obligations, net of taxes&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Total comprehensive income for the period</B>&#9;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>(172)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>145</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Attributable to:</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Owners of the Company&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(140)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">136</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Non-controlling interests&#9;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(32)</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 69%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Total comprehensive income for the period arises from:</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 16%; border-top: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: gray 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Continuing operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(168)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">114</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">32</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: rgb(128,130,133); font: italic 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(i) Re-presented
for discontinued operations (see note 4). Not restated for the application of IFRS 15 and 9, as the Group elected the modified
retrospective approach for both standards (see note 2).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The accompanying notes are an integral part of
these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #39B8D4; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Unaudited interim condensed consolidated statement
of financial position as at December 31, 2018</B></P>

<P STYLE="color: #39B8D4; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 58%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>$ millions </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>2018</B></P></TD>
    <TD STYLE="width: 17%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>December 31, 2017 <BR>
(audited) <BR>
(i)</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Intangible assets, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">9</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2,374</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">1,265</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Property, plant and equipment, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">8</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">3,041</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2,880</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Investments in joint ventures&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">14</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2,867</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2,966</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Investments in associates&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">169</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">241</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Contract costs, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Deferred tax assets&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">202</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">180</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Other non-current assets&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">12</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">126</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">113</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>TOTAL NON-CURRENT ASSETS</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>8,784</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>7,646</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Inventories&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">39</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">45</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Trade receivables, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">343</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">386</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Contract assets, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">37</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Amounts due from non-controlling interests, associates and joint ventures&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">12</FONT></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">34</P></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">37</P></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Prepayments and accrued income&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">129</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">145</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Current income tax assets&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">108</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">99</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Supplier advances for capital expenditure&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">25</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">18</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Other current assets&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">127</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">90</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Restricted cash&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">158</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">145</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Cash and cash equivalents&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">528</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">619</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>TOTAL CURRENT ASSETS</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>1,529</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>1,585</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Assets held for sale&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">233</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>TOTAL ASSETS</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>10,316</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>9,464</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: rgb(128,130,133); font: italic 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(i) Not restated
for the application of IFRS 15 and 9, as the Group elected the modified retrospective approach for both standards (see note 2).</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #808285">The accompanying
notes are an integral part of these unaudited interim condensed consolidated financial statements</FONT></P>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #808285">&nbsp;</FONT></P>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #808285"></FONT></P>

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<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #808285">&nbsp;</FONT></P>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #808285"></FONT><BR STYLE="clear: both">
<FONT STYLE="font-size: 14pt; color: #39B8D4"><B>Unaudited interim condensed consolidated statement of financial position as at
December 31, 2018 (continued)</B></FONT></P>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 58%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>$ millions </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>2018</B></P></TD>
    <TD STYLE="width: 17%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>December 31, 2017 <BR>
(audited) <BR>
(i)</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Share capital and premium&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">635</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">637</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Treasury shares&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(81)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(106)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Other reserves&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(538)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(472)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Retained profits&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2,535</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2,950</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Profit for the year attributable to equity holders&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">86</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>Equity attributable to owners of the Company</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>2,542</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>3,096</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Non-controlling interests&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">249</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">185</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>TOTAL EQUITY</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>2,790</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>3,281</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>Non-current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Debt and financing&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">4,123</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">3,600</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Amounts due to non-controlling interests, associates and joint ventures&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">12</FONT></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">135</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">124</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Provisions and other non-current liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">351</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">335</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Deferred tax liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">233</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">56</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>Total non-current liabilities</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>4,841</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>4,116</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Debt and financing&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">458</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">185</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Put option liability&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">239</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Payables and accruals for capital expenditure&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">335</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">304</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Other trade payables&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">282</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">288</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Amounts due to non-controlling interests, associates and joint ventures&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">12</FONT></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">348</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">296</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Accrued interest and other expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">383</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">353</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Current income tax liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">58</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">81</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Contract liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">2,13</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">87</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Derivative financial instruments&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">13</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">56</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Provisions and other current liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">494</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">425</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>Total current liabilities</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>2,684</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>1,989</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">Liabilities directly associated with assets held for sale&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">4</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #808285">79</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>TOTAL LIABILITIES</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>7,526</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>6,183</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>TOTAL EQUITY AND LIABILITIES</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>10,316</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #000660"><B>9,464</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: rgb(128,130,133); font: italic 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(i) Not restated
for the application of IFRS 15 and 9, as the Group elected the modified retrospective approach for both standards (see note 2).</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The accompanying notes are an integral part of
these unaudited interim condensed consolidated financial statements</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #39B8D4; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Unaudited interim condensed consolidated statement
of cash flows for the year ended December 31, 2018</B></P>

<P STYLE="color: #39B8D4; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 58%; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions (i)</B></FONT></TD>
    <TD STYLE="width: 8%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>December 31, 2017 (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Cash flows from operating activities (including discontinued operations)</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Profit&nbsp;&nbsp;before taxes from continuing operations&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">129</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">176</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 13.5pt; text-indent: -13.5pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Profit (loss) &nbsp;before taxes from discontinued operations&#9;</FONT></TD>
    <TD STYLE="padding-left: 0pt; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="padding-left: 13.5pt; text-align: center; color: #1F497D; text-indent: -13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(39)</FONT></TD>
    <TD STYLE="padding-left: 13.5pt; text-align: center; color: #1F497D; text-indent: -13.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">51</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Profit before taxes</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>91</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>226</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Adjustments to reconcile to net cash:</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 13.5pt; text-indent: -13.5pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Interest and other financial expenses&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">373</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">416</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 13.5pt; text-indent: -13.5pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Interest and other financial income&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(21)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(16)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Adjustments for non-cash items:</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Depreciation and amortization&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">830</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">879</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Share of profit in Guatemala and Honduras joint ventures&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(154)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(141)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Loss (gain) on disposal and impairment of assets, net&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(36)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(99)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Share-based compensation&#9;&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Transaction costs assumed by Cable Onda &#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">30</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;(Profit) loss from other joint ventures and associates, net&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">136</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">85</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Other non-cash non-operating (income) expenses, net&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">39</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660">&nbsp;&nbsp;<B>Changes in working capital:</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 8.1pt; text-indent: -8.1pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Decrease (increase) in trade receivables, prepayments and other current assets, net&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(128)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 8.1pt; text-indent: -8.1pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;(Increase) decrease in inventories&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">16</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 8.1pt; text-indent: -8.1pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Increase (decrease) in trade and other payables, net&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">69</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(83)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Changes in contract assets, liabilities and costs, net &#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>&nbsp;&nbsp;Total changes in working capital&#9;</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(66)</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(61)</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Interest (paid) &#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(318)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(372)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Interest received&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">20</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">16</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Taxes (paid)&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(153)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(132)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net cash provided by operating activities&#9;</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>792</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>820</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Cash flows from investing activities (including discontinued operations):</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 8.1pt; text-indent: -8.1pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Acquisition of subsidiaries, joint ventures and associates, net of cash acquired&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(953)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(22)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 0.05in; text-indent: -0.05in; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Proceeds from disposal of subsidiaries and associates, net of cash disposed&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">176</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Purchase of intangible assets and licenses&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(148)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(133)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Proceeds from sale of intangible assets&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Purchase of property, plant and equipment&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(632)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(650)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Proceeds from sale of property, plant and equipment&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">154</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">179</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Dividends received from joint ventures &#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">243</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">203</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Settlement of derivative financial instruments &#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(63)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Cash (used in) provided by other investing activities, net &#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">24</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">31</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net cash used in investing activities</B>&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(1,199)</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(367)</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Cash flows from financing activities (including discontinued operations):</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Proceeds from debt and other financing&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,155</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">996</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Repayment of debt and other financing&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(546)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1,195)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Dividends paid to non-controlling interests&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Dividends paid to owners of the Company&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(266)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(265)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net cash provided by (used in) financing activities</B>&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>341</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(464)</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Exchange impact on cash and cash equivalents, net&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(33)</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net (decrease) increase in cash and cash equivalents</B>&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(98)</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(8)</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-left: 0.05in; text-indent: -0.05in; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Cash and cash equivalents at the beginning of the year&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">619</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">646</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="padding-left: 0.05in; text-indent: -0.05in; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Effect of cash in disposal group held for sale&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(19)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Cash and cash equivalents at the end of the year&#9;</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>528</B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>619</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="color: #1F497D">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD></TR>
</TABLE>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: rgb(128,130,133); font: italic 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">(i) Re-presented
for discontinued operations (see note 4). Not restated for the application of IFRS 15 and 9, as the Group elected the modified
retrospective approach for both standards (see note 2).</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The accompanying notes are an integral part of
these unaudited interim condensed consolidated financial statements</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #39B8D4; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Unaudited interim condensed consolidated
statements of changes in equity for the years ended December 31, 2018, and 2017</P>

<P STYLE="color: #39B8D4; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: white; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: Transparent">
    <TD STYLE="width: 35%; border-top: gray 1pt solid; text-align: left; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660">$&nbsp;millions</FONT></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Number of shares</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">(000&rsquo;s)</P></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Number of shares
held by the Group</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">(000&rsquo;s)</P></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Share<BR>
        capital</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">&nbsp;</P></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Share premium</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">&nbsp;</P></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Treasury shares</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">&nbsp;</P></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Retained profits (i)</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">&nbsp;</P></TD>
    <TD STYLE="width: 6%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Other reserves</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">&nbsp;</P></TD>
    <TD STYLE="width: 7%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Total</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">&nbsp;</P></TD>
    <TD STYLE="width: 8%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Non-controlling interests</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">&nbsp;</P></TD>
    <TD STYLE="width: 8%; border-top: gray 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">Total<BR>
        equity</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #000660">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Balance on December 31, 2016</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>101,739</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(1,395)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>153</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>485</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(123)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3,215</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(562)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3,167</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>201</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3,368</B></FONT></TD></TR>
<TR STYLE="background-color: Transparent">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Total comprehensive income for the period&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">86</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">87</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">173</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(15)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">158</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Dividends (ii)&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(265)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(265)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(265)</FONT></TD></TR>
<TR STYLE="background-color: Transparent">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchase of treasury shares&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(32)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share-based compensation&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: Transparent">
    <TD STYLE="text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Issuance of shares under share-based payment schemes&#9;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">233</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">21</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Balance on December 31, 2017</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>101,739</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(1,195)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>153</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>484</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(106)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3,035</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(472)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3,096</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>185</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3,281</B></FONT></TD></TR>
<TR STYLE="background-color: Transparent">
    <TD STYLE="vertical-align: bottom; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Adjustment on adoption of IFRS 15 and IFRS 9 (net of tax) (iii)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Total comprehensive income for the year&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(68)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(78)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(30)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(108)</FONT></TD></TR>
<TR STYLE="background-color: Transparent">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Dividends (iv)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(266)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(266)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(266)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Dividends to non-controlling interests&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(13)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(13)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchase of treasury shares&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(70)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share-based compensation&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">22</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Issuance of shares under share-based payment schemes&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">351</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">31</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(5)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(22)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Effect of change in consolidation scope (v)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">111</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">111</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Put option reserve (v)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(239)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(239)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(239)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: gray 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Balance on December 31, 2018</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>101,739</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(913)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>153</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>482</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(81)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,525</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(538)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,542</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>249</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,790</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Retained
                                         profits &mdash; includes profit attributable to equity holders, of which at December
                                         31, 2018, $324 million (2017: $345 million) are not distributable to equity holders.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(ii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Dividends
                                         &mdash; A dividend distribution of $2.64 per share was approved by the Annual General
                                         Meeting of shareholders and distributed in May 2017.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(iii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>See
                                         note 2 for details about changes in accounting policies.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(iv)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Dividends
                                         &mdash; A dividend distribution of $2.64 per share was approved by the Annual General
                                         Meeting of shareholders and paid in equal portions in May 2018 and November 2018.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(v)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Effect
                                         of the acquisition of Cable Onda S.A. See note 3 for further details.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The accompanying notes are an integral part of
these unaudited interim condensed consolidated financial statements</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000660; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000660; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Notes to the unaudited interim condensed
consolidated statements</P>

<P STYLE="color: #000660; font: bold 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>1. ORGANIZATION</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Millicom International Cellular&nbsp;S.A.
<I>(</I>the &ldquo;Company&rdquo; or &ldquo;MIC SA&rdquo;<I>)</I>, a Luxembourg Soci&eacute;t&eacute; Anonyme, and its subsidiaries,
joint ventures and associates (the &ldquo;Group&rdquo; or &ldquo;Millicom&rdquo;) is an international telecommunications and media
company providing digital lifestyle services in emerging markets, through mobile and fixed telephony, cable, broadband, Pay-TV
in Latin America and Africa.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On February 7, 2019, the
Board of Directors authorized these interim condensed consolidated financial statements for issuance.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>2. SUMMARY OF CONSOLIDATION
AND ACCOUNTING POLICIES</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">These interim condensed
consolidated financial statements of the Group are unaudited. They are presented in US dollars and have been prepared in accordance
with International Accounting Standard (&ldquo;IAS&rdquo;) 34 &lsquo;Interim Financial Reporting&rsquo; as adopted by the European
Union. In the opinion of management, these unaudited interim condensed consolidated financial statements reflect all adjustments
that are necessary for a proper presentation of the results for interim periods. Millicom&rsquo;s operations are not affected by
significant seasonal or cyclical patterns.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">These unaudited interim
condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for
the year ended December 31, 2017. These financial statements are prepared in accordance with consolidation and accounting policies
consistent with the 2017 consolidated financial statements, except for the changes described below.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The following changes to
standards effective for annual periods starting on January 1, 2018 have been adopted by the Group:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IFRS 15 &ldquo;Contracts
with customers&rdquo; establishes a five-step model related to revenue recognition from contracts with customers. Under IFRS 15,
revenue is recognized at amounts that reflect the consideration that an entity expects to be entitled to in exchange for transferring
goods or services to a customer. The Group adopted the accounting standard on January 1, 2018 using the modified retrospective
method which had an immaterial impact on its Group financial statements. IFRS 15 mainly affects the timing of recognition of revenue
as it introduces more differences between the billing and the recognition of the revenue. However, it does not affect the cash
flows generated by the Group.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">As a consequence
of adopting this Standard:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1)</TD><TD STYLE="text-align: justify">some revenue is recognized earlier, as a larger portion of the total consideration received in
a bundled contract is attributable to the component delivered at contract inception (i.e. typically a subsidized handset). Therefore,
this produces a shift from service revenue (which decreases) to the benefit of Telephone and Equipment revenue. This results in
the recognition of a Contract Asset on the statement of financial position, as more revenue is recognized upfront, while the cash
will be received throughout the subscription period (which is usually between 12 to 36 months). Contract Assets (and liabilities)
are reported on a separate line in current assets / liabilities even if their realization period is longer than 12 months. This
is because they are realized / settled as part of the normal operating cycle of our core business.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2)</TD><TD STYLE="text-align: justify">the cost incurred to obtain a contract (mainly commissions) is now capitalized in the statement
of financial position and amortized over the average contract term. This results in the recognition of Contract Costs being capitalized
under non-current assets on the statement of financial position.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3)</TD><TD STYLE="text-align: justify">the Group recognizes revenue from its wholesale carrier business on a net basis as an agent rather
than as a principal under the modified retrospective IFRS 15 transition. Except for this effect, there were no other material changes
for the purpose of determining whether the Group acts as principal or an agent in the sale of products.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4)</TD><TD STYLE="text-align: justify">the presentation of certain material amounts in the consolidated statement of financial position
has been changed to reflect the terminology of IFRS 15:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">Contract assets recognized in relation to service contracts.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">Contract costs in relation to capitalised cost incurred to obtain a contract (mainly commissions).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: justify">Contract liabilities in relation to service contracts were previously included in trade and other
payables.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


<!-- Field: Page; Sequence: 9; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>2. SUMMARY OF CONSOLIDATION
AND ACCOUNTING POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The Group has
adopted the standard using the modified retrospective method. Hence, the cumulative effect of initially applying the Standard has
been recognized as an adjustment to the opening balance of retained profits as at January 1, 2018 and comparative financial statements
have not been restated in accordance with the transitional provisions in IFRS 15. The impact on the opening balance of retained
earnings as at January 1, 2018 is summarized in the table set out at the end of this section.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Additionally,
the Group has decided to take some of the practical expedients foreseen in the Standard, such as:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in; color: #808285">o&nbsp;&nbsp;&nbsp;
No adjustment to the transaction price for the means of a financing component whenever the period between the transfer of a promised
good or service to a customer and the associated payment is one year or less; when the period is more than one year the financing
component is adjusted, if material.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in; color: #808285">o&nbsp;&nbsp;&nbsp;
Disclosure in the Group Financial Statements the transaction price allocated to unsatisfied performance obligations only for contracts
that have an original expected duration of more than one year (e.g. unsatisfied performance obligations for contracts that have
an original duration of one year or less are not disclosed).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in; color: #808285">o&nbsp;&nbsp;&nbsp;
Application of the practical expedient not to disclose the price allocated to unsatisfied performance obligations, if the consideration
from a customer corresponds to the value of the entity&rsquo;s performance obligation to the customer (i.e, if billing corresponds
to accounting revenue).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in; color: #808285">o&nbsp;&nbsp;&nbsp;
Application of the practical expedient to recognize the incremental costs of obtaining a contract as an expense when incurred if
the amortization period of the asset that otherwise would have been recognized is one year or less.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify; text-indent: -0.25in; color: #808285">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><U>The revenue
recognition accounting policy applied from January 1, 2018 is as follows:</U></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">Revenue is recognized at an amount
that reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Post-paid connection
fees are derived from the payment of a non-refundable / one-time fee charged to customer to connect to the network (e.g. connection
/ installation fee). Usually, it does not represent a distinct good or service, and therefore does not give rise to a separate
performance obligation and revenue is recognized over the minimum contract duration. However, if the fee is paid by a customer
to get the right to receive goods or services without having to pay this fee again over his tenure with the Group (e.g. the customer
can readily extend his contract without having to pay the same fee again), it is accounted for as a material right and revenue
should be recognized over the customer retention period.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Post-paid
mobile / cable subscription fees </I>are recognized over the relevant enforceable/subscribed service period (recurring monthly
access fees that do not vary based on usage). The service provision is usually considered as a series of distinct services that
have the same pattern of transfer to the customer. Remaining unrecognized subscription fees are fully recognized once the customer
has been disconnected.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Prepaid scratch
/ SIM cards</I> are services where customers purchase a specified amount of airtime or other credit in advance. Revenue is recognized
as the credit is used. Unused credit is carried in the statement of financial position as a contract liability within other current
liabilities. Upon expiration of the validity period, the portion of the contract liability relating to the expiring credit is recognized
as revenue, since there is no longer an obligation to provide those services.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Telephone
and equipment sales </I>are recognized as revenue once the customer obtains control of the good. That criteria is fulfilled when
the customer has the ability to direct the use and obtain substantially all of the remaining benefits from that good.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Revenue from
provision of Mobile Financial Services (MFS)</I> is recognized once the primary service has been provided to the customer.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Customer premise
equipment (CPE)</I> are provided to customers as a prerequisite to receive the subscribed Home services and shall be returned at
the end of the contract duration. Since CPEs provided over the contract term do not provide benefit to the customer on their own,
they do not give rise to separate performance obligations and therefore are accounted for as part of the service provided to the
customers.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Bundled offers
</I>are considered arrangements with multiple deliverables or elements, which can lead to the identification of separate performance
obligations. Revenue is recognized in accordance with the transfer of goods or services to customers in an amount that reflects
the relative standalone selling price of the performance obligation (e.g. sale of telecom services, revenue over time + sale of
handset, revenue at a point in time).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Principal-Agent,
</I>some arrangements involve two or more unrelated parties that contribute to providing a specified good or service to a customer.
In these instances, the Group determines whether it has promised to provide the specified good or service itself (as a principal)
or to arrange for those specified goods or services to be provided by another party (as an agent). In cases the Group determines
that it acts as a principal, revenue is recognized in the gross amount, whereas in cases the Group acts as an agent revenue is
recognized in the net amount (i.e. provision payment).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 10; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>2. SUMMARY OF CONSOLIDATION
AND ACCOUNTING POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Revenue from
the sale of cables, fiber, wavelength or capacity contracts</I>, when part of the ordinary activities of the operation, is recognized
as recurring revenue. Revenue is recognized when the cable, fiber, wavelength or capacity has been delivered to the customer, based
on the amount expected to be received from the customer.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Revenue from
operating lease of tower space</I> is recognized over the period of the underlying lease contracts. Finance lease revenue is apportioned
between lease of tower space and interest income.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IFRS 9 &ldquo;Financial
Instruments&rdquo; addresses the classification, measurement and recognition and impairments of financial assets and financial
liabilities as well as hedge accounting. It replaces the parts of IAS 39 that relate to the classification and measurement of financial
instruments. IFRS 9 requires financial assets to be classified into two measurement categories: those measured at fair value and
those measured at amortized cost. The determination is made at initial recognition. The classification depends on the Group&rsquo;s
business model for managing its financial instruments and the contractual cash flow characteristics of the instrument. For financial
liabilities, the standard retains most of the IAS 39 requirements. The main change is that, in cases where the fair value option
is taken for financial liabilities, the part of a fair value change due to an entity&rsquo;s own credit risk is recorded in other
comprehensive income rather than the income statement, unless this creates an accounting mismatch. A final standard on hedging
(excluding macro-hedging) has been issued in November 2013 which aligns hedge accounting more closely with risk management and
allows to continue hedge accounting under IAS 39. IFRS 9 also clarifies the accounting for certain modifications and exchanges
of financial liabilities measured at amortized cost.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">The application
of IFRS 9 did not have an impact for the Group on classification, measurement and recognition of financial assets and financial
liabilities compared to IAS 39, but it has an impact on impairment of trade receivables and contracts assets (IFRS 15) as well
as on amounts due from joint ventures and related parties &ndash; with the application of the expected credit loss model instead
of the current incurred loss model. Similarly to IFRS 15 adoption, the Group adopted the standard using the cumulative catch-up
transition method. Hence, the cumulative effect of initially applying the Standard has been recognized as an adjustment to the
opening balance of retained profits as at January 1, 2018 and comparative consolidated financial statements have not be restated
in accordance with the transitional provisions in IFRS 9. The impact on the opening balance of retained profits as at January 1,
2018 is summarized in the table set out at the end of this section. Additionally, the Group continues applying IAS 39 rules with
respect to hedge accounting. Finally, the clarification introduced by IFRS 9 on the accounting for certain modifications and exchanges
of financial liabilities measured at amortized cost did not have an impact for the Group.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><U>The Financial
Instruments accounting policies applied from January 1, 2018 is as follows:</U></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">i) Equity and
debt instruments</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Classification</I></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">From January
1, 2018, the Group classifies its financial assets in the following measurement categories:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">those to be measured subsequently at fair
value [either through Other Comprehensive Income (OCI), or through profit or loss], and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">those to be measured at amortized cost.
</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The classification
depends on the Group&rsquo;s business model for managing the financial assets and the contractual terms of the cash flows.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">For assets measured
at fair value, gains and losses will either be recorded in profit or loss or OCI. For investments in equity instruments that are
not held for trading, this will depend on whether the Group has made an irrevocable election at the time of initial recognition
to account for the equity investment at fair value through other comprehensive income (FVOCI).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The Group reclassifies
debt investments when and only when its business model for managing those assets changes.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Measurement</I></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">At initial recognition,
the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit
or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of
financial assets carried at FVPL are expensed in profit or loss.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 11; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>2. SUMMARY OF CONSOLIDATION
AND ACCOUNTING POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Financial assets
with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal
and interest.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><I>Debt instruments</I></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Subsequent measurement
of debt instruments depends on the Group&rsquo;s business model for managing the asset and the cash flow characteristics of the
asset. There are three measurement categories into which the group classifies its debt instruments:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amortized cost: Assets that are held for
collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at
amortized cost. Interest income from these financial assets is included in finance income using the effective interest rate method.
Any gain or loss arising on derecognition is recognized directly in profit or loss and presented in other gains / (losses), together
with foreign exchange gains and losses. Impairment losses are presented as a separate line item in the consolidated income statement.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">FVOCI: Assets that are held for collection
of contractual cash flows and for selling the financial assets, where the assets&rsquo; cash flows represent solely payments of
principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition
of impairment gains or losses, interest revenue and foreign exchange gains and losses which are recognized in profit or loss. When
the financial asset is derecognized, the cumulative gain or loss previously recognized in OCI is reclassified from equity to profit
or loss and recognized in &lsquo;Other non-operating (expenses) income, net&rsquo;. Interest income from these financial assets
is included in finance income using the effective interest rate method. Foreign exchange gains and losses and impairment expenses
are presented as &lsquo;Other non-operating (expenses) income, net&rsquo; in the consolidated income statement. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">FVPL: Assets that do not meet the criteria
for amortized cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is
recognized in profit or loss and presented net within &lsquo;Other non-operating (expenses) income, net&rsquo; in the period in
which it arises. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><I>Equity instruments</I></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Group subsequently
measures all equity investments at fair value. The Group does not hold Equity instruments for trading. Where the Group&rsquo;s
management has elected to present fair value gains and losses on equity investments in OCI, there is no subsequent reclassification
of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments
continue to be recognized in profit or loss as other income when the Group&rsquo;s right to receive payments is established.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Otherwise, changes
in the fair value of financial assets at FVPL are recognized in &lsquo;Other non-operating (expenses) income, net&rsquo; in the
consolidated income statement as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured
at FVOCI are not reported separately from other changes in fair value.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Impairmen<B>t</B></I></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">From January
1, 2018, the Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried
at amortized cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit
risk.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The Group applies
the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from initial recognition
of the trade receivables.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The provision
is recognized in the consolidated income statement within Cost of sales.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">ii) Derivative
financial instruments and hedging activities</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">The Group has
opted to continue applying IAS 39 for hedge accounting. The accounting policy disclosed in the Group consolidated financial statements
for the year ended December 31, 2017 remains therefore similar after IFRS 9 implementation.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The application of the following
new standards or interpretations applicable on January 1, 2018 did not have an impact for the Group:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Amendments to IFRS 2,
&lsquo;Share based payments&rsquo;, on clarifying how to account for certain types of share-based payment transactions.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Amendments to IFRS 4,
&lsquo;Insurance contracts&rsquo; regarding the implementation of IFRS 9, &lsquo;Financial instruments&rsquo;.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Annual improvements to
IFRS Standards 2014&ndash;2016.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">There are no other significant
changes to standards effective for the annual period starting on January 1, 2018.<BR STYLE="clear: both"></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>2. SUMMARY OF CONSOLIDATION
AND ACCOUNTING POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">The application of IFRS
15 and IFRS 9 had the following impact on the Group financial statements as of January 1, 2018:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 39%; border-top: gray 1pt solid">
        <P STYLE="color: #17365D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>FINANCIAL POSITION</B></P>
        <P STYLE="color: #17365D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>$&nbsp;millions</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; border-top: gray 1pt solid; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As at January 1, 2018 before application</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-top: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Effect of&nbsp;adoption of IFRS 15</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-top: gray 1pt solid; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Effect of&nbsp;adoption of IFRS 9</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-top: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As at January 1, 2018 after application</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-top: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Reason for the change</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #17365D"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Investment in joint ventures (non-current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,966</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">27</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,989</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(i)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Contract costs, net (non-current) <B>NEW</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(ii)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Deferred tax asset</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">180</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">191</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(viii)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Other non-current assets</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">113</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">113</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(iii)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Trade receivables, net (current)</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">386</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(47)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">339</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(iv)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Contract assets, net (current) <B>NEW</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">29</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">28</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(v)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #17365D"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Contract liabilities (current) <B>NEW</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">51</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">51</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(vi)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Provisions and other current liabilities (current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">425</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(46)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">379</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(vii)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Deferred tax liability (non-current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">56</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">62</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(viii)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #17365D"><B>EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Retained profits</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,035</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">48</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(38)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,045</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(ix)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Non-controlling interests&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">185</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">181</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray"><I>(ix)</I></FONT></TD></TR>
</TABLE>
<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #808285"><I>&nbsp;</I></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: #808285"><I>(i)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: gray"><I>Impact of
application of IFRS 15 and IFRS 9 for our joint ventures in Guatemala, Honduras and Ghana</I></FONT><I><FONT STYLE="font-size: 8pt; color: #808285">.</FONT></I></TD>
</TR></TABLE>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: #808285"><I>(ii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: gray"><I>This mainly
represents commissions capitalised and amortized over </I></FONT><I><FONT STYLE="font-size: 8pt; color: #808285">the average contract
term.</FONT></I></TD>
</TR></TABLE>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: #808285"><I>(iii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: gray"><I>Effect of
the application of the expected credit losses required by IFRS 9 on amounts due from joint ventures.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: #808285"><I>(iv)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: gray"><I>Effect of
the application of the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from
initial recognition of the receivables.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: #808285"><I>(v)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: gray"><I>Contract
assets mainly represents subsidised handsets as more revenue is recognized upfront while the cash will be received throughout
the subscription period (which is usually between 12 to 36 months).</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: #808285"><I>(vi)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: Gray"><I>This mainly
represents deferred revenue for goods and services not yet delivered to customers that will be recognized when the goods are delivered
and the services are provided to customers. The balance also comprises revenue from the billing of subscription fees or &lsquo;one-time&rsquo;
fees at the inception of a contract that are deferred and will be recognized over </I></FONT><I><FONT STYLE="font-size: 8pt; color: #808285">the
average customer retention period or the contract term</FONT></I><I><FONT STYLE="font-size: 8pt; color: gray">.</FONT></I></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>(vii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>Reclassification
                                         of deferred revenue to contract liabilities &ndash; see previous paragraph.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>(viii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>Tax
                                         effects of the above adjustments.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1F497D; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>(ix)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>Cumulative
                                         catch-up effect.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">As of January 1, 2018, IFRS
9 and IFRS 15 implementations had no impact on the statement of cash flows or on EPS.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>2. SUMMARY OF CONSOLIDATION
AND ACCOUNTING POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">The following summarizes
the amount by which each financial statement line item is affected in the current reporting period by the application of IFRS 15
as compared to previous standard and interpretations:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; border-top: gray 1pt solid; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>For the year ended December 31, 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 48%">
        <P STYLE="color: #17365D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>INCOME STATEMENT</B></P>
        <P STYLE="color: #17365D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>$&nbsp;millions</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As reported</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Without adoption of <BR>
IFRS 15</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Effect of Change</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Higher/(Lower)</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Reason for the change</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Total revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4,074</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4,151</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(77)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(i)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cost of sales&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1,146)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1,194)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">48</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(ii)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Operating expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1,674)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1,714)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">40</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(ii)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in the joint ventures in Guatemala and Honduras&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">154</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">152</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(iii)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Tax impact&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(116)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(115)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(iv)</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; border-top: gray 1pt solid; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>For the three month period ended December 31, 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 48%">
        <P STYLE="color: #17365D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>INCOME STATEMENT</B></P>
        <P STYLE="color: #17365D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>$&nbsp;millions</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As reported</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Without adoption of <BR>
IFRS 15</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Effect of Change</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Higher/(Lower)</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Reason for the change</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Total revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,010</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,026</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(16)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(i)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cost of sales&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(282)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(289)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(ii)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Operating expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(460)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(469)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(ii)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in the joint ventures in Guatemala and Honduras&#9;</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">45</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(iii)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Tax impact&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(46)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(46)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(iv)</I></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt"><I>Mainly
                                         for adjustments of &quot;principal vs agent&quot; considerations under IFRS 15 for wholesale
                                         carrier business, as well as for the shift in the timing of revenue recognition due to
                                         the reallocation of revenue from service (over time) to telephone and equipment revenue
                                         (point in time).</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt; color: #808285"><I>(ii)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt; color: #808285"><I>Mainly
                                         for the reallocation of cost for selling devices due to shift from service revenue to
                                         telephone and equipment revenue, for the capitalisation and amortization of contract
                                         costs and </I></FONT><I><FONT STYLE="font-size: 8pt; color: gray">for adjustments for
                                         &lsquo;principal vs agent&rsquo; considerations under IFRS 15 for wholesale carrier business.</FONT></I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>(iii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>Impact
                                         of IFRS 15 related to our share of profit in our joint ventures in Guatemala and Honduras.</I></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #808285"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt; color: #808285"><I>(iv)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt; color: gray"><I>Tax
                                         effects of the above adjustments.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: top; border-top: gray 1pt solid; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As at December 31, 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 48%">
        <P STYLE="color: #17365D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>FINANCIAL POSITION</B></P>
        <P STYLE="color: #17365D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>$&nbsp;millions</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As reported</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Without adoption of <BR>
IFRS 15</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Effect of Change</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Higher/(Lower)</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Reason for the change</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #17365D"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Investment in joint ventures (non-current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,867</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,839</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">28</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(i)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Contract costs, net (non-current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(ii)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Deferred tax assets (non-current)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">202</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">200</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(vi)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Contract asset, net (current)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">37</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">37</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">(iii)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #17365D"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Contract liabilities (current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">87</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">87</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(iv)</I></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Provisions and other current liabilities (current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">494</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">576</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(82)</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(v)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Current income tax liabilities (current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">58</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">55</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(vi)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Deferred tax liabilities (non-current)</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">233</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">226</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(vi)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #17365D"><B>EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Retained profits and loss for the year</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,525</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,468</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">57</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(vii)</I></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: gray">Non-controlling interests&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">249</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">246</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>(vii)</I></FONT></TD></TR>
</TABLE>
<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #808285"><I>&nbsp;</I></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: #808285"><I>(i)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: gray"><I>Impact
                                         of application of IFRS 15 for our joint ventures in Guatemala, Honduras and Ghana</I></FONT><I><FONT STYLE="font-size: 8pt; color: #808285">.</FONT></I></TD>
</TR></TABLE>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: #808285"><I>(ii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: gray"><I>This
                                         mainly represents commissions capitalized and amortized over </I></FONT><I><FONT STYLE="font-size: 8pt; color: #808285">the
                                         average contract term.</FONT></I></TD>
</TR></TABLE>

<P STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt; color: #808285"><I>(iii)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt; color: gray"><I>Contract
                                         asset mainly represents subsidized handsets as more revenue is recognized upfront while
                                         the cash will be received throughout the subscription period (which are usually between
                                         12 to 36 months). Throughout the period ended December 31, 2018 no material impairment
                                         loss has been recognized.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt; color: gray"><I>(iv)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt; color: gray"><I>This
                                         mainly represents deferred revenue for goods and services not yet delivered to customers
                                         that will be recognized when the goods are delivered and the services are provided to
                                         customers. The balance also comprises the revenue from the billing of subscription fees
                                         or &lsquo;one-time&rsquo; fees at the inception of a contract that are deferred and will
                                         be recognized over </I></FONT><I><FONT STYLE="font-size: 8pt; color: #808285">the average
                                         customer retention period or the contract term</FONT></I><I><FONT STYLE="font-size: 8pt; color: gray">.
                                         </FONT></I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>(v)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>Reclassification
                                         of deferred revenue to contract liabilities &ndash; see previous paragraph.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>(vi)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>Tax
                                         effects of the above adjustments.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #1F497D; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>(vii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt; color: rgb(128,130,133)"><I>Cumulative
                                         catch-up effect and IFRS 15 effect in the current period.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: gray; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660"><B>2. SUMMARY OF CONSOLIDATION
AND ACCOUNTING POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #000660">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The following Standard,
which is expected to materially affect the Group, will be effective from January 1, 2019:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IFRS 16 &ldquo;Leases&rdquo;
will affect primarily the accounting for the Group&rsquo;s operating leases. These commitments will result in the recognition of
a right of use asset and a lease liability for future payments. The application of this standard will affect the Group&rsquo;s
depreciation, debt and other financing and leverage ratios. The change in presentation of operating lease expenses will result
in a corresponding improvement in cash flows derived from operating activities and a decline in cash flows from financing activities.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">The Group will
adopt the standard using the modified retrospective approach with the cumulative effect of applying the new Standard recognized
in retained profits as of January&nbsp;1, 2019. Comparatives for the 2018 financial statements will not be restated.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">Short-term leases
with a term not exceeding the 12 months as well as leases where the underlying asset is of low value will not be capitalized: instead,
Millicom will use the practical expedient and associated lease payments will be recognized as an expense.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">Furthermore,
the Group has taken the additional following decisions to adopt the standard:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify">Non-lease components will be capitalized (IFRS16.15)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify">Intangible assets are out of IFRS 16 scope (IFRS16.4)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">At transition
date, the Group will recognize lease liabilities in relation to leases which had previously been classified as operating leases
under the principles of IAS 17 Leases (such as site leases, land and building leases, etc). These liabilities will be measured
at the present value of the remaining lease payments, discounted using the lessee&rsquo;s incremental borrowing rate as of January&nbsp;1,
2019. The right-of-use asset will be measured at an amount equal to the lease liability, adjusted by the amount of any prepaid
or accrued lease payments relating to that lease recognized in the statement of financial position immediately before the date
of initial application.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">According to
the new Standard, Millicom shall determine the lease term including any lessee&rsquo;s extension or termination option that is
deemed reasonably certain as well as lessors&rsquo; extension or termination option. The assessment of such options shall be performed
at the commencement of a lease. This requires judgment by the management of Millicom and may have a significant impact on the lease
liability recognized under IFRS 16.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">Measuring the
lease liability at the present value of the remaining lease payments requires using an appropriate discount rate in accordance
with IFRS 16. Millicom uses the interest rate implicit in the lease or if that cannot be determined, the incremental borrowing
rate at the date of the lease commencement. Millicom renders this judgment in accordance with its accounting policy on leases.
The incremental borrowing rate applied can have a significant impact on the net present value of the lease liability recognized
under IFRS 16.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">Under the new
Standard, the accounting of sale and leaseback transactions will change as the underlying sale transaction needs to be firstly
analyzed using the guidance of IFRS 15. The seller/lessee recognises a right-of-use asset in the amount of the proportional original
carrying amount that relates to the right of use retained. Accordingly, only the proportional amount of gain or loss from the sale
must be recognized. The impact from sale and leaseback transactions will not be material for Millicom Group as of the date of initial
application.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">While the Group
is finalizing the implementation of the new Standard, as a preliminary result, it expects to recognize additional lease liabilities
of approximately $600 million. The impact on retained profits is expected to be immaterial.<BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>3. ACQUISITION AND DISPOSAL
OF SUBSIDIARIES, JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Acquisitions</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">On October 7, 2018, the Company signed an agreement
to acquire a controlling 80% stake in Cable Onda, the largest cable and fixed telecommunications services provider in Panama. The
transaction valued 100% of Cable Onda at an enterprise value of $1,460 million. The selling shareholders retained a 20% equity
stake in the company. The transaction closed on December 13, 2018 after receipt of necessary approvals for a cash consideration
of $956 million. In addition, Millicom assumed Cable Onda&rsquo;s debt obligations. The Group funded the purchase price for this
acquisition by incurring additional indebtedness, including $250 million under the Bridge Facility and $500 million aggregate principal
amount of the 6.625% Notes and with available resources. A final price adjustment, per the terms of the agreement, is expected
to occur in Q1 2019.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Millicom concluded that it controls Cable Onda
since closing date and therefore fully consolidates it in its financial statements with a 20% non-controlling interest. The deal
also includes certain liquidity rights such as call and put options which are exercisable from May 12, 2022 or earlier upon the
occurrence of certain events (such as a change of control). In respect of the put option provided to Millicom&rsquo;s partners
who hold a 20% non-controlling interest in Cable Onda, Millicom determined that, as the put option could be exercised under certain
change of control events which could be outside the control of Millicom, the option meets the criteria under IAS 32 for recognition
as a liability and corresponding equity reserve. The put option liability is payable in Millicom's shares or in cash at the discretion
of the partners. Therefore, Millicom has recorded a liability for the put option at acquisition completion date of $239 million
representing the present value of the redemption amount. As of December 31, 2018, the redemption price has been valued as being
20% of the equity value implied by the transaction.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Millicom also received an unconditional call
option which becomes exercisable either 42 months after the December 13, 2018 closing date, or if our partners&rsquo; shareholdings
fall below 10%.&nbsp; The call option exercise price is at fair market value. Finally, Millicom received an unconditional call
option exercisable until December 13, 2019, at a price equal to the purchase price in the transaction, plus interest at 10% per
annum. The fair values of both call options have been assessed as not material at December 31, 2018.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The purchase consideration also includes certain
amounts under escrow in respect of final price adjustment and potential indemnifications from the sellers (potential tax and litigations).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">For the purchase accounting, Millicom determined
the fair value of Cable Onda identifiable assets and liabilities based on transaction and relative values. The non-controlling
interest was measured based on the proportionate share of the fair value of the net assets of Cable Onda. The purchase accounting
is still provisional at December 31, 2018, particularly in respect of the evaluation of certain tangible assets.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 79%; border-top: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 21%; border-top: gray 1pt solid; text-align: center">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Provisional fair
values (100%)</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>($ millions)</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Intangible assets (excluding goodwill),net(i)&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">673</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">348</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Current assets (excluding cash)(ii) (iii)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">54</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash and cash equivalents&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total assets acquired&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,088</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Non-current liabilities(iv)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">422</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Current liabilities(v)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">141</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total liabilities assumed&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>563</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Fair value of assets acquired and liabilities assumed, net&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">525</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Transaction costs assumed by Cable Onda (vi)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">30</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Fair value of non-controlling interest in Cable Onda (20%)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">111</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Millicom&rsquo;s interest in the fair value of Cable Onda (80%)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">444</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Acquisition price&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">956</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Provisional Goodwill&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>512</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Intangible assets not previously
                                         recognized (or partially recognized as a result of previous acquisitions) are trademarks
                                         for an amount of $280 million, with estimated useful lives of 3 years, a customer list
                                         for an amount of $370 million, with estimated useful life of 20 years and favorable content
                                         contracts for $19 million, with a useful life of 10 years. </I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-size: 8pt"><I>(ii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Current assets include
                                         indemnification assets for tax contingencies at fair value for an amount of $4 million
                                         &ndash; see below.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-size: 8pt"><I>(iii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>The fair value of trade
                                         receivables acquired was $34 million. </I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-size: 8pt"><I>(iv)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Non-current liabilities
                                         include the deferred tax liability of $158 million resulting from the above adjustments.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-size: 8pt"><I>(v)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Current liabilities include
                                         the fair value of certain tax contingent liabilities of $5 million. These are partly
                                         covered by the indemnification assets described in (ii) above.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-size: 8pt"><I>(vi)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Transaction costs of $30
                                         million have been assumed and paid by Cable Onda before the acquisition or by Millicom
                                         on the closing date. Because of their relationship with the acquisition, these costs
                                         have been accounted for as post-acquisition costs in the Millicom Group income statement.
                                         These, together with acquisition-related costs of $11 million, have been recorded under
                                         operating expenses in the income statement of the year.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #808285">The goodwill,
which is not expected to be tax deductible, is attributable to Cable Onda&rsquo;s strong market position and profitability, as
well as to the fair value of the assembled work force. From December 13, 2018 to December 31, 2018, Cable Onda contributed $17
million of revenue and a net loss of $7 million to the Group. If Cable Onda had been acquired on 1 January 2018 incremental revenue
for the 2018 year would have been $403 million and incremental net loss for that period of $59 million &ndash; including amortization
of assets not previously recognized of $85 million (net of tax).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #808285">In 2018,
the Group also completed minor additional acquisitions for $9 million (2017: $22 million).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #808285">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>4. DISCONTINUED OPERATIONS
AND ASSETS HELD FOR SALE </B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Discontinued operations
&ndash; Rwanda</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On December 19, 2017, Millicom
announced that it has signed an agreement for the sale of its Rwanda operations to subsidiaries of Bharti Airtel Limited. The sale
was subsequently completed on January 31, 2018. A loss of $32 million has been recognized in Q1 2018 corresponding to the recycling
of foreign currency exchange losses accumulated in equity since the creation of the local operation. This loss has been recognized
under &lsquo;Profit (loss) for the year from discontinued operations, net of tax&rsquo;. The final sale consideration is still
subject to adjustment under the terms of the sale and purchase agreement with Airtel. Management does not expect any material deviation
from the initial consideration.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Discontinued operations
&ndash; Senegal</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In 2017, Millicom announced
that it had agreed to sell its Senegal business to a consortium consisting of NJJ, Sofima (managed by the Axian Group) and Teylium
Group, subject to customary closing conditions and regulatory approvals. The sale completed on April 27, 2018 and our operations
in Senegal have been deconsolidated resulting in a net gain on disposal of $5 million, including the recycling of foreign currency
exchange losses accumulated in equity since the creation of the local operations. This gain has been recognized under &lsquo;Profit
(loss) for the year from discontinued operations, net of tax&rsquo;.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Summary</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In accordance with IFRS
5, the Group&rsquo;s businesses in Rwanda (Q1 2018), Ghana (Q3 2017) and Senegal (Q1 2017) had been classified as assets held for
sale and their results were classified as discontinued operations. Comparative figures of the income statement have been represented
accordingly. Financial information relating to the discontinued operations for the three-month periods and years ended December
31, 2018 and 2017 are set out below. Figures shown below are after inter-company eliminations.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 66%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Results from Discontinued Operations ($ millions)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Year ended December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 17%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended December
31, 2017</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Revenue&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">62</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">299</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cost of sales&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(23)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(95)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Operating expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(26)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(131)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other expenses linked to the disposal of discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(7)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(37)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Gain/(loss) on disposal of discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(29)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">39</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating profit (loss)&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(36)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>64</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest income (expense), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(20)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-operating (expenses) income, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Profit (loss) before taxes&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(39)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>51</B></FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Credit (charge) for taxes, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net profit (loss) from discontinued operations&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(39)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>51</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>4. DISCONTINUED OPERATIONS AND ASSETS HELD
FOR SALE (Continued)</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Results from Discontinued Operations ($ millions)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Three months ended December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: right">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Three
months ended December 31, 2017</B></P></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">51</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cost of sales&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(18)</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Operating expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(16)</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other expenses linked to the disposal of discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(5) </FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; color: #1F497D; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&#9;(11)</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Gross gain/(loss) on disposal of discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">39</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating profit (loss)&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><B>(4)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>35</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest income (expense), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Profit (loss) before taxes&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><B>(4)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>33</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Credit (charge) for taxes, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net profit (loss) from discontinued operations&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><B>(4)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>33</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Cash Flows from Discontinued Operations ($ millions)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Year ended December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Year ended December 31, 2017</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash from (used in) operating activities, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">26</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash from (used in) investing activities, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(33)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash from (used in) financing activities, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(22)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net cash inflows/(outflows)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(29)</FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Assets held for sale
and liabilities directly associated with assets held for sale </I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The following table summarizes
the nature of the assets and liabilities still reported under assets held for sale and liabilities directly associated with assets
held for sale as at December 31, 2018:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Assets and liabilities reclassified as held for sale ($ millions)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As at December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As at December 31, 2017</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Senegal operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">223</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Towers Paraguay&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">7</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Towers Colombia&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Towers El Salvador&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Others&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total assets of held for sale&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>233</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Senegal operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">77</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Towers Paraguay&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total liabilities directly associated with assets held for sale&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>79</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net assets held for sale / book value&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>154</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>4. DISCONTINUED OPERATIONS AND ASSETS HELD
FOR SALE (Continued)</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Rwanda</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The assets and liabilities
deconsolidated on the date of the disposal were as follows:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: rgb(242,242,242); border-collapse: collapse">
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 85%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Assets and liabilities reclassified as held for sale &ndash; Rwanda ($ millions)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>January 31, 2018</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Intangible assets, net.&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">53</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-current assets&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Current assets&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">14</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash and cash equivalents&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total assets of disposal group held for sale&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>85</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Non-current financial liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">11</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Current liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">28</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total liabilities of disposal group held for sale&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>40</B></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net assets / book value&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>46</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Senegal</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The assets and liabilities
deconsolidated on the date of the disposal were as follows:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 85%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Assets and liabilities reclassified as held for sale &ndash; Senegal ($ millions)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>April 27, 2018</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Intangible assets, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">40</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Property, plant and equipment, net&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">126</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-current assets&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Current assets&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">56</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash and cash equivalents&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total assets of disposal group held for sale&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>227</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Non-current financial liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Current liabilities&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">73</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total liabilities of disposal group held for sale&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>81</B></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Net assets held for sale / book value&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>146</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Tower Sale and Leasebacks</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">In 2017 and 2018, the Group
announced agreements to sell and leaseback wireless communications towers in Paraguay, Colombia and El Salvador. The table below
summarizes the main aspects of these deals and impacts on the Group financial statements:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 55%; border-top: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Paraguay</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Colombia</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>El Salvador</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Agreement date&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">April 26, 2017</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">July 18, 2017</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">February 6, 2018</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Total number of towers expected to be sold&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,410</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,207</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">811</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Total number of towers transferred to December 31, 2018&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,276</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">902</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">481</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Expected total cash proceeds ($ millions)&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">125</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">147</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">145</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash proceeds received in 2017 ($ millions)&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">75</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">86</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cash proceeds received in 2018 ($ millions)&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">41</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">26</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">73</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Upfront gain on sale recognized in 2017 ($ millions)&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">26</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">37</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Upfront gain on sale recognized in 2018 ($ millions)&#9;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">19</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">33</FONT></TD></TR>
</TABLE>
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 19; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>5. SEGMENT INFORMATION</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Management determines operating
and reportable segments based on information used by the chief operating decision maker (CODM) to make strategic and operational
decisions from both a business and geographic perspective. The Group&rsquo;s risks and rates of return are predominantly affected
by operating in different geographical regions. The Group has businesses in two main regions: Latin America (&ldquo;Latam&rdquo;)
and Africa. The Latam figures below include Honduras and Guatemala as if they are fully consolidated by the Group, as this reflects
the way management reviews and uses internally reported information to make decisions. Honduras and Guatemala are shown under the
Latam segment. The joint venture in Ghana is not reported as if fully consolidated.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">As from January 1, 2018,
segment EBITDA includes inter-company management fees and incentive compensation paid to local management teams. These items were
previously included in unallocated corporate costs. This change in presentation has no impact on Group EBITDA. Accordingly, 2017
figures have been re-presented. Revenue, operating profit (loss), EBITDA and other segment information for the years ended December
31, 2018 and 2017, are as follows:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 45%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Year ended December 31, 2018</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>($ millions)</B></P></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Mobile revenue&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,214</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">510</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1,475)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,248</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,808</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(253)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,568</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other revenue&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">48</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">46</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Service revenue&nbsp;&nbsp;<I>(i)</I>&#9;</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>5,069</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>526</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>(1,734)</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>3,861</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue <I>(i)</I>&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">415</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(203)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">213</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total Revenue&#9;</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>5,485</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>526</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(1,937)</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>4,074</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating profit (loss)&#9;</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>995</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>40</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(47)</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(487)</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>154</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>655</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Add back:</I></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,133</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">107</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(415)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">830</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(154)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(154)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(51)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(20)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(76)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>EBITDA <I>(ii)</I>&#9;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,077</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>143</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(44)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(922)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,254</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>EBITDA incl discontinued operations&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,077</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>146</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(44)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(922)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,257</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Capital expenditure <I>(iii)</I>&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(872)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(59)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">225</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(708)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Changes in working capital and others <I>(iv)</I>&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(42)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">28</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(12)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(13)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Taxes paid&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(264)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(24)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">142</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(153)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating free cash flow <I>(v)</I>&#9;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>899</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>91</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(39)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(568)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>383</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total Assets <I>(vi)</I>&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>11,754</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>839</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,752</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(5,219)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>190</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>10,316</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total Liabilities&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>6,132</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>905</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,953</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(1,814)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(650)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>7,526</B></FONT></TD></TR>
</TABLE>


<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 45%; border-top: gray 1pt solid; text-align: left">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><B>Year ended December
31, 2017</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><B>($ millions) <I>(viii)</I></B></P></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Guatemala and Honduras (vii) (b)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; text-align: left; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Mobile revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,283</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">509</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1,510)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,281</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,755</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(213)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,553</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; text-align: left; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">40</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">41</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Service revenue&nbsp;&nbsp;<I>(i)</I>&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>5,078</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>524</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>(1,727)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>3,876</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; text-align: left; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue <I>(i)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">363</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(165)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">200</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total Revenue&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>5,441</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>526</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(1,892)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>4,076</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="text-align: left; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating profit (loss)&#9;</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>899</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>41</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(5)</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(431)</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>140</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>645</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Add back:</I></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,174</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">110</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(450)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">841</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(140)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(140)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(49)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(11)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(68)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>EBITDA <I>(ii)</I>&#9;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,024</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>140</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>11</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(899)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,278</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">73</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">73</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>EBITDA incl discontinued operations&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,024</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>213</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>11</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(899)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,351</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Capital expenditure <I>(iii)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(855)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(99)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">237</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(718)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Changes in working capital and others <I>(iv)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(53)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">27</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(42)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Taxes paid&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(239)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(18)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">124</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(132)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating free cash flow <I>(v)</I>&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>877</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>90</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(511)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>459</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total Assets <I>(vi)</I>&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>10,411</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,482</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>598</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(5,420)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-top: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,393</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>9,464</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; color: #1F497D; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total Liabilities&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>5,484</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,673</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,465</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(1,961)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(478)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>6,183</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B></B></P>

<!-- Field: Page; Sequence: 20; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 45%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Three-month period ended December
31, 2018</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>($ millions)</B></P></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Mobile revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">803</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">129</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(372)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">559</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">447</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(67)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">383</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">11</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Service revenue <I>(i)</I>&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>1,263</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>132</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>(442)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>953</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue <I>(i)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">118</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(61)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">57</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total Revenue&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,381</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>133</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(503)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,010</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating profit (loss)&#9;</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>248</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>11</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(58)</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(132)</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>45</B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>113</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Add back:</I></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">283</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">26</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(99)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">211</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(45)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(45)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(6)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash; </FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>EBITDA <I>(ii)</I>&#9;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>524</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>37</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(54)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(238)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>268</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3) </FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>EBITDA incl discontinued operations&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>524</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>33</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(54)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(238)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>265</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Capital expenditure <I>(iii)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(230)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(15)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">67</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(178)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Changes in working capital and others <I>(iv)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">42</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(17)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">68</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">95</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Taxes paid&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(78)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(12)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(2)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">32</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(60)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating free cash flow <I>(v)</I>&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>258</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(11)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>10</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(136)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>123</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 45%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Three-month period ended December
31, 2017</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>($ millions) <I>(viii)</I></B></P></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Latin America</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Unallocated</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Guatemala and Honduras (vii)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Eliminations and transfers</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Mobile revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">839</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">134</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(385)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">587</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Cable and other fixed services revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">456</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(56)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">403</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other revenue&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">11</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">11</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>Service revenue <I>(i)</I>&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>1,307</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>137</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>(442)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><B>1,002</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Telephone and equipment revenue <I>(i)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">101</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(47)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">55</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total Revenue&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,407</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>138</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(489)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1,056</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating profit (loss)&#9;</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>260</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>24</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(17)</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(101)</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">26</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>192</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Add back:</I></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Depreciation and amortization&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">289</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">29</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(112)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">208</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Share of profit in joint ventures in Guatemala and Honduras&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(26)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(26)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(28)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(14)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">12</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(15)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">44</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>EBITDA <I>(ii)</I>&#9;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>520</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>39</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(4)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(228)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>330</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">EBITDA from discontinued operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">18</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">18</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>EBITDA incl discontinued operations&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>520</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>57</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(4)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(228)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>349</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Capital expenditure <I>(iii)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(241)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(13)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">66</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(186)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Changes in working capital and others <I>(iv)</I>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">63</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(17)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(8)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">49</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Taxes paid&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(69)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">35</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(45)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Operating free cash flow <I>(v)</I>&#9;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>275</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>17</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>6</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(135) </B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>168</B></FONT></TD></TR>
</TABLE>


<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt"><I>Service
                                         revenue is Group revenue related to the provision of ongoing services such as monthly
                                         subscription fees, airtime and data usage fees, interconnection fees, roaming fees, mobile
                                         finance service commissions and fees from other telecommunications services such as data
                                         services, SMS and other value-added services excluding telephone and equipment sales.
                                         Revenues from other sources comprises rental, sub-lease rental income and other non recurrent
                                         revenues. The Group derives revenue from the transfer of goods and services over time
                                         and at a point in time. Refer to the table below. </I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt"><I>(ii)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt"><I>EBITDA
                                         is operating profit excluding impairment losses, depreciation and amortization and gains/losses
                                         on the disposal of fixed assets. EBITDA is used by the management to monitor the segmental
                                         performance and for capital management. </I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(iii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Excluding spectrum and
licenses of $61 million (2017: $53 million) and cash received on tower deals of $141 million (2017: $167 million).</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt"><I>(iv)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt"><I>&lsquo;Changes
                                         in working capital and others&rsquo; include changes in working capital as stated in
                                         the cash flow statement as well as share based payments expense and non-cash bonuses.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt"><I>(v)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt"><I>Operating
                                         Free Cash Flow is EBITDA less capex (excluding spectrum and license costs) less change
                                         in working capital, other non-cash items (share-based payment expense and non-cash bonuses)
                                         and taxes paid.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(vi)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Segment
                                         assets include goodwill and other intangible assets.<BR>
</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(vii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Including
                                         eliminations for Guatemala and Honduras as reported in the Latin America segment.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 8pt"><I>(viii)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt"><I>Restated
                                         as a result of classification of certain of our African operations as discontinued operations
                                         (see notes 4 and 14).</I></FONT></TD></TR></TABLE>

</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>5. SEGMENT INFORMATION
(Continued)</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><I>Revenue from contracts with customers from
continuing operations</I></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; border-right: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Year ended December 31, 2018</I></B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Three months ended December 31, 2018</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>$ millions </I></B></FONT></TD>
    <TD STYLE="width: 12%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Timing of revenue recognition</I></B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Latin America</I></B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Africa</I></B></FONT></TD>
    <TD STYLE="width: 8%; border-right: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Total Group</I></B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Latin America</I></B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Africa</I></B></FONT></TD>
    <TD STYLE="width: 8%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Total Group</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Mobile&#9;</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Over time</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>1,701</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>401</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>2,102</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>421</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>100</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>520</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Mobile Financial Services&#9;</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Point in time</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>37</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>109</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>147</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>10</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>29</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>39</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Cable and other fixed services&#9;</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Over time</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>1,556</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>12</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>1,568</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>380</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>3</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>383</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Other&#9;</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Over time</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>42</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>3</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>46</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>11</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>1</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>11</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Service Revenue&#9;</I></B></FONT></TD>
    <TD STYLE="color: #1F497D; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>3,336</I></B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>526</I></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>3,861</I></B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>821</I></B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>132</I></B></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>953</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Telephone and equipment&#9;</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>Point in time</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>212</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>1</I></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>213</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>57</I></FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285"><I>57</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>Revenue from contracts with customers</I></B><I>&#9;</I></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>3,548</I></B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>526</I></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>4,074</I></B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>878</I></B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>133</I></B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><I>1,010</I></B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>6. OTHER NON-OPERATING (EXPENSES) INCOME,
NET</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The Group&rsquo;s other non-operating (expenses)
income, net comprised the following:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 74%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions </B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Change in fair value of derivatives (see note 13)&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(22)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Exchange gains (losses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(41)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">18</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(40)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(4)</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 74%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions </B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Exchange gains (losses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(47)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other non-operating income (expenses), net&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(46)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>1</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 22; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>7. EARNINGS PER COMMON SHARE</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Earnings per common share
(EPS) attributable to owners of the Company are comprised as follows:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 74%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Basic and Diluted</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit&nbsp;&nbsp;attributable to owners of the Company from continuing operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">29</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">36</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to owners of the Company from discontinuing operations&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(39)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">51</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #00245D 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit&nbsp;&nbsp;attributable to owners of the Company used to determine the earnings per share&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #00245D 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #00245D 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">86</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>in thousands</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Weighted average number of ordinary shares for basic and diluted earnings per share</B>&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>100,793</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>100,384</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Basic and diluted</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">- EPS from continuing operations attributable to owners of the Company&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.29</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.36</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">- EPS from discontinuing operations attributable to owners of the Company&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(0.38)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.50</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">- EPS for the period attributable to owners of the Company&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(0.10)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.86</FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 74%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 13%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Basic and Diluted</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to owners of the Company from continuing operations&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(90)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">36</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to owners of the Company from discontinuing operations&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">33</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #00245D 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Net profit (loss) attributable to owners of the Company used to determine the earnings per share&#9;</FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(94)</FONT></TD>
    <TD STYLE="border-bottom: #00245D 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">69</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>in thousands</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Weighted average number of ordinary shares for basic and diluted earnings per share</B>&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>100,819</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>100,550</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Basic and diluted</B></FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">- EPS from continuing operations attributable to owners of the Company&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(0.89)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.36</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">- EPS from discontinuing operations attributable to owners of the Company&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(0.04)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.33</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">- EPS for the period attributable to owners of the Company&#9;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(0.94)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0.69</FONT></TD></TR>
</TABLE>
<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>8. PROPERTY, PLANT AND EQUIPMENT</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">During the year ended December
31, 2018, Millicom added property, plant and equipment for $698 million (December 31, 2017: $824 million) and received $154 million
in cash from disposal of property, plant and equipment (December 31, 2017: $179 million).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>9. INTANGIBLE ASSETS</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">During the year ended December
31, 2018, Millicom added intangible assets of $158 million (December 31, 2017: $130 million) and did not receive any proceeds from
disposal of intangible assets (December 31, 2017: $4 million).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 23; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>10. DEBT AND FINANCING</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>MICSA</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In January 2018, the Company
repaid $25 million of an outstanding debt facility with DNB and Nordea.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In July 2018, the Company
issued a COP144,054.5 million / $50 million bilateral facility with IIC (Inter-American Development Bank) for a USD indexed to
COP Note. The note bears interest at 9.45% p.a.. This COP Note is used as net investment hedge of the net assets of our operations
in Colombia.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In August 2018, the Company
redeemed all of the aggregate principal amount of the outstanding SEK Senior Unsecured Notes due 2019 ($227 million). The early
redemption fees amounting to $3 million and $1 million of related unamortized costs have been expensed in August 2018 under interest
expenses.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On October 16, 2018, the
Company issued $500 million aggregate principal amount of 6.625% Senior Notes due 2026. The Notes bear interest at 6.625% p.a.,
payable semiannually in arrears on each interest payment date. Proceeds were used to finance Cable Onda&rsquo;s acquisition (Note
3). Costs of issuance of $6 million are amortized over the eight-year life of the notes (the effective interest rate is 6.75%).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In October 2018, the Company
entered into a $1 billion term loan facility agreement with a consortium of banks (the &ldquo;Bridge Facility&rdquo;), subsequently
reduced to $250 million in December 2018. The Bridge Facility matures in October 2019 (unless extended for a period not exceeding
six months). Interest on amounts drawn under the Bridge Facility is payable at LIBOR plus a variable margin. At December 31, 2018,
$250 million have been drawn under this facility to finance Cable Onda&rsquo;s acquisition (note 3).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Panama</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In August 2015, Cable Onda
issued public bonds in Panama for a total amount of $185 million. These bonds bear a fixed annual interest of 5.75% and are due
on August 4, 2025. The bonds have been assumed by Millicom as part of the acquisition of Cable Onda. See note 3 for further details
on the acquisition.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>El Salvador</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In January 2018, Telemovil
El Salvador entered into an amended and restated agreement with Scotiabank for a $50 million variable rate loan, with a 5-year
bullet repayment.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In March 2018, Telemovil
El Salvador entered into a $100 million variable rate facility with DNB and Nordea with a 5-year bullet repayment. The remaining
$50 million of the facility was disbursed during 2018. In addition, Telemovil El Salvador entered into an interest rate swap with
Scotiabank to fix interest rates for up to $100 million of the outstanding debt.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Costa Rica</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In April 2018, Millicom
Cable Costa Rica S.A. entered into a $150 million variable rate loan with Citibank as agent. Simultaneously, an outstanding loan
balance of $72 million was repaid in full with the proceeds from this loan. In June 2018, Millicom Cable Costa Rica S.A. entered
into a cross currency swap to hedge part of the principal of the loan against interest rate and currency risks. As of the end of
the fourth quarter, interest rate and currency swap agreements had been made on $35 million of the principal amount and interest
rate swaps for an additional $40 million.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Colombia</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In March 2018, TigoUne prepaid
$34 million equivalent in COP on bank financing debt.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Paraguay</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In June 2018, Telecel Paraguay
entered into a $15 million fixed rate loan equivalent in Guaranies with Banco Continental.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Bolivia</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In April 2018, Telecel Bolivia
entered into a $10 million fixed rate loan equivalent in Bolivianos with Banco Bisa.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In April 2018, Telecel Bolivia
entered into a $10 million fixed rate loan equivalent in Bolivianos with Banco Mercantil.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Rwanda</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">In January 2018, the Group repaid the remaining
$40 million loan with DNB and Nordea.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 24; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>10. DEBT AND FINANCING (Continued)</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Analysis of debt and
other financing by maturity</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The total amount of debt
and financing is repayable as follows:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="background-color: White">
    <TD STYLE="width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>As at December
31,&nbsp;</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>2018</B></P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid; text-align: center; color: #1F497D"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As at December 31,</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #000660"><B>2017 </B></FONT></P></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Due within:</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;One year&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">458</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">185</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;One-two years&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">338</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">500</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Two-three years&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">403</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">347</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Three-four years&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">570</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">431</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;Four-five years&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">468</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">584</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&nbsp;&nbsp;After five years&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2,345</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1,738</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total debt</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>4,580</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>3,785</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">As at December 31, 2018,
the Group's share of total debt and financing secured by either pledged assets, pledged deposits issued to cover letters of credit
or guarantees issued was $626 million (December 31, 2017: $671 million). Assets pledged by the Group for these debts and financings
amounted to $2 million at December 31, 2018 (December 31, 2017: $1 million).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Analysis of debt and
other financing by maturity</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The table below describes
the outstanding and maximum exposure under these guarantees and the remaining terms of the guarantees as at December 31, 2018 and
December 31, 2017.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-top: gray 1pt solid; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Bank and financing guarantees (i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.1in; color: #1F497D; text-indent: -0.1in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions </B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As at December 31, 2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>As at December 31, 2017</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 48%; padding-left: 0.1in; color: #1F497D; text-indent: -0.1in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B><U>Terms</U></B></FONT></TD>
    <TD STYLE="width: 13%">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Outstanding</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>exposure</B></P></TD>
    <TD STYLE="width: 13%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Theoretical maximum exposure</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Outstanding <BR>
exposure</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Theoretical maximum exposure </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="padding-left: 0.1in; text-indent: -0.1in; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">0-1&nbsp;year&#9;</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">133</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">133</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">159</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">159</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1-3&nbsp;years&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">281</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">281</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">368</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">368</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3-5&nbsp;years&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">212</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">212</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">144</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">144</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; padding-left: 0.1in; text-indent: -0.1in; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">More than 5&nbsp;years&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="border-bottom: gray 1pt solid; padding-left: 0.1in; text-indent: -0.1in; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>626</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>626</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>671</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>671</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>If non-payment by the
obligor, the guarantee ensures payment of outstanding amounts by the Group's guarantor.</I></FONT></TD>
</TR></TABLE>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The Group&rsquo;s interest and other financial
expenses comprised the following:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions </B></FONT></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest expense on bonds and bank financing&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(234)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(246)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest expense on finance leases&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(92)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(65)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Early redemption charges&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(43)</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(41)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(41)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(371)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(396)</B></FONT></TD></TR>
</TABLE>


<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions </B></FONT></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months
ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest expense on bonds and bank financing&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(68)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(55)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Interest expense on finance leases&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(22)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(22)</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(9)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(99)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(86)</B></FONT></TD></TR>
</TABLE>


<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>


<!-- Field: Page; Sequence: 25; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>11. COMMITMENTS AND CONTINGENCIES</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><I>Litigation &amp; claims</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The Company and its operations
are contingently liable with respect to lawsuits, legal, regulatory, commercial and other legal risks that arise in the normal
course of business. As of December 31, 2018, the total amount of claims and litigation risks against Millicom and its operations
was $687 million, of which $5 million related to its share in joint ventures (December 31, 2017: $438 million, of which $5 million
related to its share in joint ventures).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">As at December 31, 2018,
$26 million has been provided for these risks in the consolidated statement of financial position (December 31, 2017: $29 million).
The Group&rsquo;s share of provisions made by the joint ventures was $4 million (December 31, 2017: $2 million). While it is not
possible to ascertain the ultimate legal and financial liability with respect to these claims and risks, the ultimate outcome is
not anticipated to have a material effect on the Group&rsquo;s financial position and operations.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><I>Improper filing of shareholding in MIC
Tanzania Public Limited Company</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In June 2016, Millicom was
served with claims by a third party seeking to exert rights as a shareholder of MIC Tanzania Public Limited Company (Tigo Tanzania).
In June 2015, Millicom identified that an incorrect filing related to Tigo Tanzania had been made in the commercial register, causing
the register to incorrectly indicate that shares in the local subsidiary were owned by this third party. On July 26, 2018, the
Court of Appeal of Tanzania, the country&rsquo;s highest court, reaffirmed in a ruling that Tigo Tanzania remains owned and controlled
by Millicom. Late 2018, the third party in question has filed for a review of the ruling by the same Court of Appeals, which already
ruled in our favor. Millicom considers the success of this review as remote and therefore continues to control and fully consolidate
Tigo Tanzania.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Ongoing investigation
by the International Commission Against Impunity in Guatemala (CICIG)</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On July 14, 2017, the CICIG
disclosed an ongoing investigation into alleged illegal campaign financing that includes a competitor of Comcel, our Guatemalan
joint venture. The CICIG further indicated that the investigation would include Comcel. On November 23 and 24, 2017, Guatemala's
attorney general and CICIG executed search warrants on the offices of Comcel. As at December 31, 2018, the matter is still under
investigation, and Management has not been able to assess the potential impact on these interim condensed consolidated financial
statements of any remedial actions that may need to be taken as a result of the investigations, or penalties that may be imposed
by law enforcement authorities. Accordingly, no provision has been recorded as of December 31, 2018.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B><I>Taxation</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">At December 31, 2018, the
Group estimates potential tax claims amounting to $254 million. Tax risks amounting to $47 million have been assessed as probable
and recorded as tax provisions (December 31, 2017: claims amounting to $313 million and provisions of $53 million). Out of these
potential claims and provisions, respectively $29 million and $2 million relate to Millicom&rsquo;s share in joint ventures (December
31, 2017: claims amounting to $38 million and provisions of $2 million).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Capital commitments</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">At December 31, 2018, the
Company and its subsidiaries and joint ventures had fixed commitments to purchase network equipment, land and buildings, other
fixed assets and intangible assets of $154 million of which $126 million are due within one year (December 31, 2017: $194 million
of which $182 million are due within one year). Out of these commitments, respectively $66 million and $56 million related to Millicom&rsquo;s
share in joint ventures (December 31, 2017: $25 million and $23 million).</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 26; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>12. RELATED PARTY TRANSACTIONS</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">The following transactions were conducted with
related parties during the three-month period and year ended December 31, 2018:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Expenses</B></FONT></TD>
    <TD STYLE="padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchases of goods and services from Miffin&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(173)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(181)</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchases of goods and services from EPM&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(40)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(36)</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Lease of towers and related services from HTA&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(28)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(28)</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other expenses&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(4)</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(244)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(250)</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Year ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Income / gains</B></FONT></TD>
    <TD STYLE="padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Sale of goods and services to Miffin&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">284</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">277</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Sale of goods and services to EPM&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">17</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">18</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other income / gains&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total&#9;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>303</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>295</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Expenses</B></FONT></TD>
    <TD STYLE="padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchases of goods and services from Miffin&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(46)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(49)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Purchases of goods and services from EPM&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(9)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(26)</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Lease of towers and related services from HTA&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(7)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other expenses&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(63)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>(76)</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>Three months</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>ended</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Income / gains</B></FONT></TD>
    <TD STYLE="padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Sale of goods and services to Miffin&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">79</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">77</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Sale of goods and services to EPM&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other income / gains&#9;</FONT></TD>
    <TD STYLE="text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(3)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(242,242,242)">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total&#9;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>85</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>79</B></FONT></TD></TR>
</TABLE>
<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">As at December 31, 2018
the Group had the following balances with related parties:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>At</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>At</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables to Guatemala joint venture (i)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">315</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">273</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables to Honduras joint venture (i)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">143</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">135</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Payables to EPM&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">14</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other accounts payable&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">9</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">10</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><B>Sub-total</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><B>482</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><B>421</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Finance lease liabilities to HTA (ii)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">99</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">108</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>580</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>529</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Amount
                                         payable mainly consist of dividend advances for which dividends are expected to be declared
                                         later in 2019 and/or shareholder loans.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(ii)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>Disclosed
                                         under &ldquo;Debt and other financing&rdquo; in the statement of financial position.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


<!-- Field: Page; Sequence: 27; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt; text-align: right; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="3" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; color: White"><TR STYLE="vertical-align: top; text-align: left; background-color: rgb(0,25,60)"><TD STYLE="width: 50%; text-align: left; vertical-align: middle"><P STYLE="margin-top: 0; margin-bottom: 0">Unaudited Interim Condensed Consolidated Financial Statements</P><P STYLE="margin-top: 0; margin-bottom: 0">For the three-month period and year ended December 31, 2018</P></TD><TD STYLE="width: 50%; text-align: right"><IMG SRC="i2-logo.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>12. RELATED PARTY TRANSACTIONS (Continued)</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 70%; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: gray 1pt solid; text-align: center">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>At</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>December 31,
2018</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: gray 1pt solid">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>At</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,
2017</B></P></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Assets</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 4.65pt; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Receivables from Guatemala and Honduras joint ventures&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">20</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">25</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Receivables from EPM&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Advance payments to Helios Towers Tanzania&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">6</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">8</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Receivable from AirtelTigo Ghana (i)&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">41</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">40</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Other accounts receivable&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">1</FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Total</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 4.65pt; text-align: center; color: #1F497D; border-bottom: rgb(128,130,133) 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>73</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>77</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt"><I>Disclosed
                                         under &lsquo;Other non-current assets&rsquo; in the statement of financial position.
                                         </I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>13. FINANCIAL INSTRUMENTS</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Other than the items disclosed
below, the fair values of financial assets and financial liabilities approximate their carrying values as at December 31, 2018
and December 31, 2017:</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: #F2F2F2; border-collapse: collapse">
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Carrying Value</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Fair Value (i)</B></FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; width: 40%; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>2018</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>December 31, 2017</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%">
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>December 31,</B></P>
        <P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B>2018</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>December 31, 2017</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(242,242,242)">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Financial liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 5.45pt; text-align: right; color: #1F497D">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 5.45pt; text-align: right; color: #1F497D">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Debt and financing&#9;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4,580</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,785</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">4,418</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3,971</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt"><I>Fair
                                         values are measured with reference to Level 1 (for listed bonds) or 2.</I></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Currency and interest
rate swap contracts </I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><U>Interest rate and currency
swaps on SEK denominated debt</U></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">These swaps matured in April
2018 and were settled against a cash payment of $63 million.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">Interest rate and currency
swaps on SEK denominated debt were measured with reference to Level 2 of the fair value hierarchy.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">No other financial instruments have a significant
fair value at December 31, 2018.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>14. INVESTMENTS IN JOINT VENTURES</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">Joint ventures are businesses
over which Millicom exercises joint control as decisions over the relevant activities of each, such as the ability to upstream
cash from the joint ventures, require unanimous consent of shareholders. Millicom determines the existence of joint control by
reference to joint venture agreements, articles of association, structures and voting protocols of the board of directors of those
ventures.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">At December 31, 2018, the
equity accounted net assets of our joint ventures in Guatemala, Honduras and Ghana totaled $3,405 million (December 31, 2017: $3,457
million for Guatemala and Honduras only). These net assets do not necessarily represent statutory reserves available for distribution
as these include consolidation adjustments (such as goodwill and previously unrecognized assets and assumed liabilities recognized
as part of the purchase accounting). Out of these reserves, $133 million (December 31, 2017: $123 million) represent statutory
reserves that are unavailable to be distributed to the Group. During the year ended December 31, 2018, Millicom&rsquo;s joint ventures
paid $243 million (December 31, 2017: $203 million) as dividends or dividend advances to the Company.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; background-color: white; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; color: #1F497D">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-top: gray 1pt solid; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 54%; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Guatemala</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 16%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Honduras</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 16%; text-align: center; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Ghana (i)</B></FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Opening balance at January 1, 2018</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,145</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>726</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>96</B></FONT></TD></TR>
<TR STYLE="background-color: Transparent">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Adjustment on adoption of IFRS 15 and IFRS 9 (net of tax)&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">18</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">5</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Results for the year&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">131</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">23</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(68)</FONT></TD></TR>
<TR STYLE="background-color: Transparent">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Capital increase&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Dividends declared during the year&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(177)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD></TR>
<TR STYLE="background-color: Transparent">
    <TD STYLE="vertical-align: bottom; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">Currency exchange differences&#9;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(14)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">(26)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #808285">3</FONT></TD></TR>
<TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>Closing balance at December 31, 2018</B>&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>2,104</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>730</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; color: #1F497D"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000660"><B>32</B></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #808285; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 8pt"><I>(i)</I></FONT></TD><TD><FONT STYLE="font-size: 8pt"><I>The
                                         Group share of loss from our joint venture in Ghana is disclosed under &lsquo;Profit
                                         (loss) from other joint ventures and associates, net&rsquo; in the income statement.</I></FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>15. IPO &ndash; MILLICOM&rsquo;S OPERATIONS
IN TANZANIA</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">In June 2016, an amendment
to the Electronic and Postal Communications Act (&ldquo;EPOCA&rdquo;) in the Finance Act 2016 required all Tanzanian licensed telecom
operators to sell 25% of the authorised share capital in a public offering on the Dar Es Salaam Stock Exchange. The Group is currently
working on the preliminary steps (e.g., converting Tigo Tanzania into a public limited company) with a view to listing in the first
half of 2019.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>16. SUBSEQUENT EVENTS</B></P>

<P STYLE="color: #000660; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Nasdaq</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On January 9, 2019, Millicom
shares began trading on the Nasdaq Stock Exchange in the U.S. under ticker symbol TIGO.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B><I>Dividend</I></B></P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">On February 7, 2019, Millicom&rsquo;s
Board decided to propose to the AGM of the shareholders a dividend distribution of $2.64 per share to be paid in two equal installments
in May and November 2019, out of Millicom profits for the year ended December 31, 2018. The AGM to vote on this matter is scheduled
forMay 2, 2019.</P>

<P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MILLICOM
                    INTERNATIONAL CELLULAR S.A.</B></FONT></P>
        <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>
        <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&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;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Registrant)</FONT></P>
        <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Salvador Escalon</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 23%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Salvador Escalon</FONT></TD>
    <TD STYLE="width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executive Vice President, General Counsel</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
February 7, 2019</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
