<SEC-DOCUMENT>0000950103-19-003400.txt : 20190314
<SEC-HEADER>0000950103-19-003400.hdr.sgml : 20190314
<ACCEPTANCE-DATETIME>20190314134150
ACCESSION NUMBER:		0000950103-19-003400
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190314
FILED AS OF DATE:		20190314
DATE AS OF CHANGE:		20190314

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:		19680572

	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>dp103738_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B>&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(<I>Exact Name of Registrant as Specified
in Its Charter</I>)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2, Rue du Fort Bourbon,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>L-1249 Luxembourg</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Grand Duchy of Luxembourg</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 66%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X</P>
</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid; width: 14%">
</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">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):</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 66%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid; width: 14%">
</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">No</FONT></TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X</P>
</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">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):</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 66%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid; width: 14%">
</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">No</FONT></TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X</P>
</TD></TR>
</TABLE><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">MILLICOM INTERNATIONAL CELLULAR S.A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">INDEX TO FURNISHED MATERIAL</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item<BR>
______<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Press release dated March 14, 2019</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Press release dated March 14, 2019</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Press release dated March 14, 2019</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Item 1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</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; background-color: rgb(12,15,57)">
    <TD STYLE="width: 50%; text-align: center; vertical-align: middle; padding: 2pt">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: center; vertical-align: middle; padding: 2pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060">&nbsp;</P>

<P STYLE="color: #2E74B5; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Convening Notice for Annual
General Meeting of Shareholders</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>MILLICOM INTERNATIONAL
CELLULAR S.A.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B><U>Registered Address</U>:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>2, Rue du Fort Bourbon</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>L-1249 Luxembourg, Grand-Duchy
of Luxembourg</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>&ndash; R.C.S. Luxembourg:
B 40.630 &ndash;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="width: 20%; color: #2E74B5; font: 13pt 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.</TD><TD STYLE="text-align: center">NOTICE</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 13pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The annual general meeting
(&ldquo;<B>AGM</B>&rdquo;) of the shareholders of MILLICOM INTERNATIONAL CELLULAR S.A. (&ldquo;<B>Millicom</B>&rdquo; or the &ldquo;<B>Company</B>&rdquo;)
is hereby convened to be held at the Hotel Le Royal, 12 Boulevard Royal, 2449 Luxembourg (the &ldquo;<B>AGM Venue</B>&rdquo;),
on <U>Thursday, May 2, 2019 at 12:00 noon Central European Time </U>(&quot;<B>CET</B>&quot;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">To attend the AGM or vote
by proxy, please follow the instructions in section IV: &ldquo;Right to participate at the AGM&rdquo;.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="width: 20%; color: #2E74B5; font: 13pt 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">II.</TD><TD STYLE="text-align: center">AGENDA</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 13pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #002060">The AGM will consider and vote on
the agenda points listed below. Please, refer to </FONT>section VIII: &ldquo;Notes to the Agenda Points of the AGM&rdquo; <FONT STYLE="color: #002060">to
find detailed information about these proposals.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="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: 28.35pt"><FONT STYLE="color: #002060">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">To elect the Chairman of the AGM and to empower him
to appoint the other members of the bureau of the meeting. [</FONT><FONT STYLE="font-size: 10pt">Note<FONT STYLE="color: #002060">]</FONT></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">2.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To receive the management reports of the Board of Directors (the
&ldquo;<B>Board</B>&rdquo;) and the reports of the external auditor on the annual accounts and the consolidated accounts for the
year ended December 31, 2018.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">3.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve the annual accounts and the consolidated accounts for
the year ended December 31, 2018.</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"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="color: #002060">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">To allocate the results of the year ended December
31, 2018. [</FONT>Notes<FONT STYLE="font-size: 10pt; color: #002060">]</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>




<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">5.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve the distribution by Millicom of a dividend of USD 2.64
per share to be paid in two equal installments on</FONT> or around <FONT STYLE="font-size: 10pt">May 10, 2019 and November 12,
2019. [Note]</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"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="color: #002060">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">To discharge all the Directors of Millicom for the
performance of their mandates during the year ended December 31, 2018.</FONT> <FONT STYLE="color: #002060">[</FONT>Note<FONT STYLE="color: #002060">]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">7.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To set the number of Directors at eight (8). [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">8.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Mr. Jos&eacute; Antonio R&iacute;os Garc&iacute;a as
a Director for a term ending on the annual general meeting to be held in 2020 (the &quot;<B>2020 AGM</B>&quot;). [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">9.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Ms. Pernille Erenbjerg as a Director for a term ending
on the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">10.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Ms. Janet Davidson as a Director for a term ending on
the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">11.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Mr. Tomas Eliasson as a Director for a term ending on
the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">12.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Mr. Odilon Almeida as a Director for a term ending on
the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">13.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Mr. Lars-&Aring;ke Norling as a Director for a term ending
on the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">14.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Mr. James Thompson as a Director for a term ending on
the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">15.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To elect Ms. Mercedes Johnson as a Director for a term ending on
the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">16.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Mr. Jos&eacute; Antonio R&iacute;os Garc&iacute;a as
Chairman of the Board for a term ending on the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">17.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve the Directors&rsquo; remuneration for the period from
the AGM to the 2020 AGM. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">18.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To re-elect Ernst &amp; Young S.A., Luxembourg as the external auditor
for a term ending on the 2020 AGM and to approve the external auditor remuneration to be paid against approved account. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">19.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve a procedure on the appointment of the Nomination Committee
and its assignment. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">20.</TD><TD STYLE="text-align: justify">To approve the Share Repurchase Plan. [Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">21.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve the guidelines for remuneration of senior management.
[Note]</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt">22.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">To approve the share-based incentive plans for Millicom employees.
[Note]</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" ALIGN="CENTER" STYLE="width: 20%; color: #2E74B5; font: 13pt 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">III.</TD><TD STYLE="text-align: center; white-space: nowrap">KEY DATES</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 13pt 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">
    <TD STYLE="width: 34%; border: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 10, 2019</FONT></TD>
    <TD STYLE="width: 66%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Deadline to propose additional items to the agenda</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 15 &ndash; April 18, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Conversion stoppage</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 18, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Voting Record Date </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 24, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Deadline to submit proxies and notification forms </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>May 2, 2019</B></FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060"><B>AGM</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">May 3, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Ex-dividend date</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">April 30 &ndash; May 6, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Conversion stoppage</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">May 6, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">First Installment Dividend Record Date</FONT></TD></TR>
</TABLE>

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

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<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: 34%; border: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">May 10, 2019</FONT></TD>
    <TD STYLE="width: 66%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">First Installment Dividend Payment Date </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">November 1- November 6, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Conversion stoppage</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">November 5, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Ex-dividend date</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">November 6, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Second Installment Dividend Record Date</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">November 12, 2019</FONT></TD>
    <TD STYLE="border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding: 2pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #002060">Second Installment Dividend Payment Date</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="width: 50%; color: #2E74B5; font: 13pt 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">IV.</TD><TD STYLE="text-align: center; white-space: nowrap">RIGHT TO PARTICIPATE AT THE AGM</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 13pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">Only
persons who are (1) holders of Millicom shares traded on the Nasdaq Stock Market in the US (&ldquo;<B>Nasdaq US</B>&rdquo;) under
the ticker symbol TIGO, that are registered with the American Stock Transfer &amp; Trust Company (&ldquo;<B>AST</B>&rdquo;), including
those held by Cede &amp; Co (&ldquo;<B>DTCC</B>&rdquo;), and (2) holders of SDRs traded on Nasdaq Stockholm under the ticker symbol
TIGO SDB that are registered with Euroclear Sweden AB on April 18, 2019 (the &quot;<B>Voting Record Date</B>&quot;) at 23.59 CET
and who comply with the procedure below, are eligible to participate and vote at the AGM.</FONT><A HREF="#note_ftn1" NAME="note_ftnref1" STYLE="font-size: 65%; vertical-align: 35%">1</A></P>

<P STYLE="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: #002060"><B>Conversion stoppage.</B>
Conversions from SDRs into shares, and vice versa, will not be permitted from April 15, 2019 (included) up to and including April
18, 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #002060">SDR holders
who seek to convert their SDRs to shares, or vice versa, (which can be done in accordance with the procedures set out on Millicom&rsquo;s
website at </FONT><FONT STYLE="font-size: 10pt; color: rgb(5,99,193)"><U>https://www.millicom.com/media/3583/info-on-conversion-between-registered-millicom-shares-and-sdrs.pdf</U></FONT><FONT STYLE="color: #002060">),
should take into consideration the dates and times noted above. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; 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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 16pt"><B>1.</B></TD><TD STYLE="text-align: justify"><B>Holders of shares traded on the Nasdaq Stock Market in the US </B></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: #E7E6E6">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><I>Eligible shareholders</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">Participation
        at the AGM is reserved to shareholders duly registered with AST, including DTCC, on the Voting Record Date (as defined above) at
        23.59 CET and in accordance with these procedures.</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Beneficial owners.
Beneficial owners of shares that are registered in the name of a nominee or broker (including nominees or brokers that hold shares
through DTCC) have the right to instruct their nominee or broker on how to vote their shares on each item of the agenda, through
a voter instruction form (&ldquo;VIF&rdquo;) or as may otherwise be established by the nominee or broker. Beneficial holders who
wish to attend the AGM and vote directly, however, must request the broker that appears as a registered shareholder on the Voting
Record Date to issue a legal proxy which allows the beneficial owner to vote&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"></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: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><SUP>1
</SUP></FONT>However, notwithstanding anything to the contrary herein, the Bureau of the AGM shall have the discretionary power
to exceptionally accept the attendance and voting of a shareholder or SDR holder at the AGM, even if the relevant Notification
or Proxy has a formal deficiency or was received after the above-mentioned deadlines.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">his or her shares directly. Please note that beneficial owners who do not vote via their brokers/nominees or have a legal proxy are not eligible to vote.&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #E7E6E6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060"><I>Ways to participate</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 53.85pt; text-indent: -0.5in; color: #002060">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
        proxy: the registered shareholder may submit the power of attorney form (&ldquo;<B>Shareholder Proxy Form</B>&rdquo;) containing
        their voting instructions; or</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 53.85pt; text-indent: -0.5in; color: #002060">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.5in; color: #002060">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
person: the registered shareholder may submit the notification of attendance form to attend the AGM in person (the &ldquo;<B>Shareholder
Notification Form</B>&rdquo;).</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #E7E6E6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt; color: #002060"><I>Deadline to submit the Shareholder Proxy Form and Shareholder Notification Form</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">The applicable Shareholders Proxy Form or the Shareholder Notification Form must be received <U>no later than April 24, 2019.</U></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #E7E6E6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt; color: #002060"><I>Channels to submit the Shareholder Proxy Form and the Shareholder Notification Form</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="color: #002060">1.&nbsp;&nbsp;&nbsp;Online
        (only for the Shareholder Proxy Form): The Company has sent by post the invitation letter and the Shareholder Proxy Form
        to participate at the AGM. The Shareholder Proxy Form includes the individual <U>control number</U> to register online
        at </FONT><FONT STYLE="color: rgb(5,99,193)"><U>https://east.proxyvote.com/pv/web</U></FONT> <FONT STYLE="color: #002060">so
        the shareholders can submit the <B>Shareholder Proxy Form </B>through this website. </FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; color: #002060">If you consider that you are a shareholder
        eligible to participate in the AGM but you have not received the control number by post and you would like to submit your vote
        online, please contact Millicom at information@millicom.com</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; color: #002060">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; color: #002060">2.&nbsp;&nbsp;&nbsp;By
        post: The Shareholder Proxy Form and the Shareholder Notification Form can be submitted by post. The original completed, dated
        and signed Shareholder Proxy Form or Shareholder Notification Form shall be mailed to the address provided in each form. Shareholders
        that choose to send the Shareholder Proxy Form or Shareholder Notification Form by post should first send a scanned copy to: information@millicom.com</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; color: #002060">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="color: #002060">3.&nbsp;&nbsp;&nbsp;By
        e-mail (only for the Shareholder Notification Form): Download the Shareholder Notification Form from the Millicom Website:
        </FONT><FONT STYLE="color: rgb(5,99,193)"><U>https://www.millicom.com/investors/agm-egm-notices/</U></FONT><FONT STYLE="color: #002060">.
        Complete, date and sign the form using an electronic signature, and then send the signed form to: </FONT><FONT STYLE="color: rgb(5,99,193)"><U>information@millicom.com</U></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 8.55pt"><FONT STYLE="color: #002060">Shareholders
        can download the forms and all supporting documents at Millicom&rsquo;s website: </FONT><FONT STYLE="color: rgb(5,99,193)"><U>https://www.millicom.com/investors/agm-egm-notices/</U></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 8.55pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #E7E6E6">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt; color: #002060"><I>Evidence of authority (for Shareholder Notification Forms only)</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">In case a shareholder is a legal entity, the Shareholder Notification Form must be signed by a duly authorized person and legally sufficient evidence of the signatory&rsquo;s power of representation must be provided. The attendee will also need to bring original identification documentation (such as a passport).</FONT></TD></TR>
</TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Holders of Swedish Depository Receipts (SDR) traded on Nasdaq Stockholm</B></TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #002060">
    <TD STYLE="width: 100%; border: Black 1pt solid; font-size: 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><I>Eligible SDR Holders</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">Participation
        at the AGM is reserved to SDR holders who are duly registered with Euroclear Sweden AB as of the Voting Record Date (as defined
        above) at 23.59 CET and in accordance with these procedures.</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Re-registration.
In order to exercise their rights at the AGM, SDR holders having registered their SDRs in the name of a nominee must temporarily
re-register the SDRs in their own name in the records maintained by Euroclear Sweden AB. SDR holders wishing to re-register must
inform their nominee well in advance of the Voting Record Date so that they appear on the records maintained by Euroclear Sweden
AB at 23.59 CET on the Voting Record Date. Please note that SDR Holders who have not re-registered their SDRs with Euroclear Sweden
AB by 23.59 CET on the Voting Record Date will not be eligible to participate in the AGM.&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #002060">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><I>Ways to participate</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 53.85pt; text-align: justify; text-indent: -0.5in; color: #002060">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
        proxy: the registered SDR holder may submit the power of attorney form (&ldquo;<B>SDR Holder Proxy Form</B>&rdquo;) containing
        their voting instructions; or</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 53.85pt; text-align: justify; text-indent: -0.5in; color: #002060">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.5in; color: #002060">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
person: the registered SDR holder may submit the SDR Holder notification of attendance form to attend the AGM in person (the &ldquo;<B>SDR
Holder Notification Form</B>&rdquo;)&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #002060">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white"><I>Deadline to submit the SDR Holder Proxy Form and SDR Holder Notification Form</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #002060">The applicable SDR Holders Proxy Form or the SDR Holder Notification Form must be received <U>no later than April 24, 2019.</U></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #002060">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: white"><I>Channels to submit the SDR Holder Proxy Form and the SDR Holder Notification Form</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 10pt; color: #002060">1.&nbsp;&nbsp;&nbsp;Online
        (only the SDR Holder Proxy Form): The Company has sent by post the invitation letter to participate at the AGM. The invitation
        letter includes the individual <U>pin code</U> to register online at </FONT><FONT STYLE="color: rgb(5,99,193)"><U>https://anmalan.vpc.se/Millicom/frmEntre.aspx
        </U></FONT><FONT STYLE="font-size: 10pt; color: #002060">so the SDR holders can submit through the website the SDR Holder
        Proxy Form. </FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.25in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 36.85pt; color: #002060">If you consider that you are an SDR
        Holder eligible to participate in the AGM but have not received the invitation letter, and you would like to submit your vote online,
        please contact Euroclear at: millicom@euroclear.eu or by phone: +468-401 43 11 between 9-16 CET.</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 36.85pt; color: #002060">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; color: #002060">2.&nbsp;&nbsp;&nbsp;By
        post: The SDR Holders Proxy Form and the SDR Holder Notification Form can be submitted by post. The original completed, dated and
        signed SDR Holder Proxy Form or the SDR Holder Notification Form shall be mailed to the address provided in each form.</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; color: #002060">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; color: #002060">SDR holders that choose to
send the SDR Holder Proxy Form or SDR Holder Notification Form by post should first send a scanned copy to: millicom@euroclear.eu&nbsp;</P></TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 100%; border: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="color: #002060">3.&nbsp;&nbsp;&nbsp;By
        e-mail (only for the SDR Holder Notification Form): Download the SDR Holder Notification Form from the Millicom Website:
        </FONT><FONT STYLE="color: rgb(5,99,193)"><U>https://www.millicom.com/investors/agm-egm-notices/</U></FONT><FONT STYLE="color: #002060">.
        Complete, date and sign the form using an electronic signature, and then send the signed form to: millicom@euroclear.eu</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="color: #002060">SDR
holders can download the forms and all supporting documents at Millicom&rsquo;s website: </FONT><FONT STYLE="color: rgb(5,99,193)"><U>https://www.millicom.com/investors/agm-egm-notices/</U></FONT>&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #002060">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: white"><I>Evidence of authority (for SDR Holder Notification Form only)</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt; color: #002060">In case the SDR Holder is a legal entity, the SDR Holder Notification Form must be signed by a duly authorized person and legally sufficient evidence of the signatory&rsquo;s power of representation must be provided. The attendee will also need to bring an original identification document (such as a passport).</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="width: 70%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 17.85pt">V.</TD><TD STYLE="text-align: center">SHARE CAPITAL, QUORUM, AND MAJORITY</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 13pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Millicom has 101,739,217
outstanding shares, each with a nominal value of USD 1.50 and each share is entitled to one vote. Millicom holds 747,102 shares
in treasury. Voting rights attached to shares held in treasury are suspended by law.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">There is no quorum of presence
requirement for the AGM. The AGM agenda items are adopted by a simple majority of the shares present or represented.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="width: 75%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 17.85pt">VI.</TD><TD STYLE="text-align: center">RIGHT TO PROPOSE NEW ITEMS TO THE AGENDA</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 13pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">One or several shareholders
representing, individually or collectively, at least 5% of the share capital of Millicom reserve the right to add additional items
to the agenda of the AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">These rights shall be exercised
in writing and submitted to Millicom by mail at Millicom&rsquo;s Registered Address, attention: Company Secretary, or by e-mail
to information@millicom.com, no later than April 10, 2019 and the revised agenda will be published by Millicom, no later than on
April 17, 2019. Shareholder(s) requesting to add an item to the agenda must provide (i) a reason or motivation for such petition,
and (ii) a draft of the resolution to be presented at the AGM. They must indicate the mail or e-mail address to which the acknowledgment
of receipt of their request may be sent by Millicom within forty-eight (48) hours upon receipt of their request.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="width: 75%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 17.85pt">VII.</TD><TD STYLE="text-align: center">SUPPORTING DOCUMENTS AND INFORMATION</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 13pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The following documents
and information related to the AGM are available to shareholders at the Registered Address of Millicom and on Millicom's website:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; 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">-</TD><TD>this Convening Notice;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; 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">-</TD><TD>the Shareholder Proxy Form and the Shareholder Notification
Form &ndash; Nasdaq US;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; 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">-</TD><TD>the SDR Holder Proxy Form and the SDR Holder Notification
Form &ndash; Nasdaq Stockholm;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #002060; 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">-</TD><TD>the draft resolutions of the AGM;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">-&#9;&nbsp;&nbsp;&nbsp;&nbsp;Millicom&rsquo;s annual
accounts and consolidated accounts for the year ended December 31, 2018, together with the management report(s) of the Board of
Directors and the report(s) of the external auditor on the annual accounts and consolidated accounts;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">-&#9;&nbsp;&nbsp;&nbsp;&nbsp;U.S. General Federal
Income Tax Considerations for U.S. holders of Millicom shares and SDRs;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">-&#9;&nbsp;&nbsp;&nbsp;&nbsp;the Nomination Committee's
motivated statement explaining its proposals regarding the Board of Directors and information on the proposed Directors of Millicom;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">-&#9;&nbsp;&nbsp;&nbsp;&nbsp;the evaluation of the
programs for variable remuneration to senior management and the current remuneration structure and levels of remuneration in Millicom.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(5,99,193)"><FONT STYLE="color: #002060">Shareholders
may also receive a copy of the above-mentioned documents by sending a request by mail to the Millicom Registered Address, attention:
Company Secretary, or by e-mail to </FONT><U>information@millicom.com</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="width: 75%; color: #2E74B5; font: 13pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 17.85pt">VIII.</TD><TD STYLE="text-align: center">NOTES TO THE AGENDA POINTS OF THE AGM</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 13pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060"><B>AGM
&ndash; item 1: CHAIRMAN OF THE MEETING</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Millicom's Nomination Committee
proposes Mr. Alexander Koch, attorney at law (<I>Avocat &agrave; la Cour/Rechtsanwalt</I>), with professional address in Luxembourg,
to preside over the AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In the event of Mr. Alexander
Koch&rsquo;s absence, the Chairman of the Board &ndash; or in the absence of the Chairman of the Board, any member of the Board
&ndash; shall be empowered to appoint from amongst the persons present at the meeting the individual that will preside over the
AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Chairman of the AGM
shall be empowered to appoint, from among the persons present at the meeting the other members of the bureau of the meeting (i.e.,
the Secretary and the Scrutineer).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>AGM &ndash; items 4 and
5: RESULTS ALLOCATION AND PAYMENT INFORMATION FOR PROPOSED DIVIDEND</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">On a parent company basis,
Millicom generated a profit of USD 910,552,729 for the year ended December 31, 2018. The Board proposes to allocate the results
to unappropriated net profit.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Board proposes the distribution
of a dividend from unappropriated net profits of USD 2.64 per share to Millicom shareholders, in accordance with articles 21 and
23 of the Company&rsquo;s articles of association, to be paid in <B>two equal installments</B> on or around May 10, 2019 and November
12, 2019, respectively.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Sufficient reserves</B>.
At December 31, 2018 Millicom had, after allocation of the 2018 profit, unappropriated net profit of USD 1,224,281,879. The annual
accounts of Millicom for the year ended on December 31, 2018 show that Millicom has sufficient funds available, in accordance with
applicable law, to distribute the proposed USD 2.64 dividend per share which represents an approximate aggregate dividend of USD
267 million. The Board of Directors confirms that, in the absence of losses incurred by Millicom as of January 1, 2019 reducing
the said unappropriated net profits below an amount of USD 270 million, the total proposed dividend can be paid out of the unappropriated
net profit available at the date of the AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Tax. </B>In accordance
with Luxembourg income tax law, the payment of the dividend will be subject to a 15% withholding tax. Millicom will withhold the
15% withholding tax and pay this amount to the Luxembourg tax administration. The dividend will be paid net of withholding tax.
However, a reduced withholding tax rate may be foreseen in a double tax treaty concluded between Luxembourg and the country of
residence of the shareholder or an exemption may be available in cases where the Luxembourg withholding tax exemption regime conditions
are fulfilled (e.g., for shareholdings held by corporations and representing at least 10% of the share capital or an acquisition
cost of at least Euro 1.2 million for an uninterrupted period of at least 12 months, and subject to tax at a rate of at least 9%
for shareholders located in a non-EU jurisdiction linked with a double tax treaty with Luxembourg). These shareholders should contact
their advisors regarding the procedure and the deadline for a potential refund of the withholding tax from the Luxembourg tax administration.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The United States (&ldquo;<B>US</B>&rdquo;)
Federal Income Tax Considerations for US holders of Millicom shares and Swedish Depository Receipts (&quot;<B>SDRs</B>&quot;) can
be found on Millicom&rsquo;s website.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><B>1.</B></TD><TD STYLE="text-align: justify"><B>First Installment Dividend Payment</B></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">1.1.</TD><TD STYLE="text-align: justify">Eligible shareholders. The first installment of dividend payment will be paid to (i) shareholders
who are registered in the US with AST (including DTCC), and (ii) SDR holders who are registered in Sweden with Euroclear Sweden
AB, in either case on May 6, 2019 at 23.59 CET (the <B>&quot;First Installment Dividend Record Date</B>&quot;).</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">1.2.</TD><TD STYLE="text-align: justify">Conversion stoppage. Conversions from shares into SDRs and vice versa will not be permitted from
April 30, 2019 up to and including May 6, 2019.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">1.3.</TD><TD STYLE="text-align: justify">Ex-Dividend Date. The ex-dividend date is on May 3, 2019. The last trading day on which shares
and SDRs acquired will be eligible to receive the first installment of dividend payment, will be May 2, 2019. From May 3, 2019,
any shares and SDRs acquired will not be eligible to receive the first installment dividend payment.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">1.4.</TD><TD STYLE="text-align: justify">Currency. Shareholders of shares registered with AST (including DTCC) will receive their dividends
in USD. SDR holders will receive their dividends in SEK. Millicom shall arrange for the conversion of the dividends from USD to
SEK. Such conversions shall be effected at the average exchange rate obtained during the conversion period which shall be from
May 4, 2019 to May 9, 2019 (&ldquo;<B>First Installment Calculation Period</B>&rdquo;).</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">1.5.</TD><TD STYLE="text-align: justify">Payment Date. The first installment of dividend payment is planned on or around May 10, 2019. Holders
of SDRs will be paid by electronic transfer to bank accounts linked to their securities accounts. A dividend check will be sent
to eligible shareholders registered in the US.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Second Installment Dividend Payment</B></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">2.1.</TD><TD STYLE="text-align: justify">Eligible shareholders. The second installment of dividend payment will be paid to (i) shareholders
who are registered in the US with AST (including DTCC), and (ii) SDR holders who are registered in Sweden with
Euroclear Sweden AB, on November 6, 2019 at 23.59 CET (the <B>&quot;Second Installment Dividend Record Date</B>&quot;).</TD></TR></TABLE>

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


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 35.45pt; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">2.2.</TD><TD STYLE="text-align: justify">Conversion stoppage. Conversions from shares into SDRs and vice versa will not be permitted from
November 1, 2019 up to and including November 6, 2019.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">2.3.</TD><TD STYLE="text-align: justify">Ex-Dividend Date. The ex-dividend date is on November 5, 2019. The last trading day on which shares
and SDRs acquired will be eligible to receive the second installment of dividend payment will be November 4, 2019. From November
5, 2019, any shares and SDRs acquired will not be eligible to receive the second installment of dividend payment.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">2.4.</TD><TD STYLE="text-align: justify">Currency. Shareholders of shares registered with AST (including DTCC) will receive their dividends
in USD. SDR holders will receive their dividends in SEK. Millicom shall arrange for conversion of the dividend from USD to SEK.
Such conversion shall be effected at the average exchange rate obtained during the conversion period from November 6, 2019 until
November 9, 2019 (&ldquo;<B>Second Installment Calculation Period</B>&rdquo;).</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 21.25pt">2.5.</TD><TD STYLE="text-align: justify">Payment Date. The second installment of dividend payments is planned on or around November 12,
2019. Holders of SDRs will be paid by electronic transfer to bank accounts linked to their securities accounts. A dividend check
will be sent to eligible shareholders registered in the US.</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; text-align: justify; text-indent: 0in; background-color: white; color: #002060"><B>AGM
&ndash; item 6: DISCHARGE OF DIRECTORS FOR THEIR PERFORMANCE</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white; color: #002060">To
discharge of all the current and former Directors of Millicom who served at any point in time during the financial year ended December
31, 2018 for the performance of their mandates.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white; color: #002060"><B>AGM
&ndash; items 7-16: ELECTION OF THE DIRECTORS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; background-color: white; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">The
Nomination Committee proposes that the Board shall consist of eight (8) directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">The
Nomination Committee proposes that Mr. Odilon Almeida, Ms. Janet Davidson, Mr. Tomas Eliasson, Mr. Jos&eacute; Antonio R&iacute;os
Garc&iacute;a, Mr. Lars-&Aring;ke Norling, Ms. Pernille Erenbjerg, and Mr. James Thompson be re-elected as Directors of Millicom
for a term beginning at the AGM and ending at the 2020 AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">Mr.
Roger Sol&eacute; Rafols has declined re-election as a Director of Millicom.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; background-color: white; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Nomination
Committee proposes that Ms. Mercedes Johnson be elected as a Director of Millicom for a term beginning at the AGM and ending at
the 2020 AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Nomination
Committee, supported by the Board, proposes that Mr. Jos&eacute; Antonio R&iacute;os Garc&iacute;a be re-elected as Chairman of
the Board for a term beginning at the AGM and ending at the 2020 AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee's
motivated statement regarding the Board composition includes additional information about the proposed Directors and is available
on Millicom's website.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>AGM &ndash; item 17:
DIRECTORS&rsquo; FEES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee
proposes compensation for the eight (8) Directors expected to serve until the 2020 AGM to comprise of: (i) cash-based compensation,
and (ii) share-based compensation. The share-based compensation will be in the form of fully paid-up shares of Millicom common
stock. Such shares will be provided from the Company&rsquo;s treasury shares or alternatively issued within Millicom&rsquo;s authorized
share capital exclusively in exchange for allocation from the premium reserve (i.e., for nil consideration from the relevant Directors),
in each case divided by the Millicom share closing price on the Nasdaq Stock Market in the US on May 6, 2019, provided that shares
shall not be issued below the par value.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Directors appointed
to Board Committees will receive additional cash-based compensation for each assignment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee
proposes the compensation for the period from the date of the AGM to the date of the 2020 AGM, as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70%; border: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>Cash&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>2019/2020&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>(USD)&nbsp;</B></P></TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>Shares</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>2019/2020&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; color: #002060"><B>(USD)&nbsp;</B></P></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Chairman of the Board (1)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">100,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">200,000</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Deputy Chairman (1)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">75,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">150,000</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Board Members (6)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">50,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">100,000</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Audit Committee Chairman (1)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">45,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Audit Committee Members (3)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">22,500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Compensation Committee Chairman (1)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">25,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Compensation Committee Members (2)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">12,500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Compliance and Business Conduct Committee Chairman (1)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">25,000</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Compliance and Business Conduct Committee Members (2)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">12,500</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">-&nbsp;&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Total: </B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>687,500</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 2pt; text-align: right; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>950,000</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In respect of Directors
who do not serve an entire term from the AGM until the 2020 AGM, the fee-based and the share-based compensation will be pro-rated
<I>pro rata temporis</I>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>AGM &ndash; item 18:
ELECTION OF THE AUDITOR AND FEES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Nomination Committee,
in accordance with the recommendation of Millicom&rsquo;s Audit Committee, proposes that Ernst &amp; Young S.A., Luxembourg be
re-elected as external auditor for a term ending at the 2020 AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The proposal from the Nomination
Committee, and recommendation from the Audit Committee, is based on a periodic evaluation of external audit firms, last conducted
in 2012, with annual follow-up reviews.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">The Nomination Committee
proposes that the auditor remuneration shall be paid against approved account.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><B>AGM &ndash; item 19:
PROCEDURE ON APPOINTMENT OF THE NOMINATION COMMITTEE AND DETERMINATION OF THE ASSIGNMENT OF THE COMMITTEE</B></P>

<P STYLE="color: #002060; 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: #002060">The Nomination Committee
proposes that the work of preparing the following agenda items for the Annual General Meeting shall be performed by a Nomination
Committee:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">Item 1 To propose the Chairman of the Annual General Meeting;</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">Item 7: To set the number of Director of the Board;</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">Items 8 to 16: To propose candidates to be elected or re-elected as Directors and the term of their
appointment;</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">Item 17 To propose remuneration of the Directors;</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">Item 18 To propose election or re-election of the external auditor and its remuneration; and</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">Item 19 To propose the procedure for the appointment of the Nomination Committee.</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; text-align: justify; color: #002060">With respect to the procedure
for the appointment of the Nomination Committee (Item 19), the Nomination Committee proposes the following process:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 13.5pt; text-align: justify; color: #002060">The Nomination
Committee shall be formed in consultation with the largest shareholders as of the last business day of the month in which the Annual
General Meeting was held. The Nomination Committee shall consist of at least three members, each appointed by one of the largest
shareholders of Millicom which has chosen to appoint a member. The appointee of the largest shareholder shall act as the Nomination
Committee&rsquo;s convener, and the members of the Nomination Committee will appoint the Nomination Committee&rsquo;s Chairman
at their first meeting. The Chairman of the Board shall be invited to the Nomination Committee&rsquo;s meetings as deemed appropriate
by the Nomination Committee.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 13.5pt; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 13.7pt; text-align: justify; color: #002060">The Nomination
Committee is appointed for a term of office commencing at the time of its formation and ending when a new Nomination Committee
is formed. If a member resigns during the Nomination Committee&rsquo;s term of office, the Nomination Committee can choose to appoint
a new member. The shareholder that appointed the resigning member shall in such case be asked to appoint a new member, provided
that the shareholder is still one of the largest shareholders of Millicom. If that shareholder declines participation on the Nomination
Committee, the Nomination Committee may choose to ask the next largest qualified shareholder to participate. In the event of changes
to the ownership structure of the Company, the Nomination Committee may choose to change its composition in order to ensure the
Nomination Committee reflects the ownership of the Company. However, unless there are special circumstances, the composition of
the Nomination Committee may remain unchanged following changes in the ownership structure of the Company that are either minor
or occur less than three months prior to the Annual General Meeting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 13.7pt; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 13.5pt; text-align: justify">The Nomination
Committee shall have the right to receive, upon request, personnel resources, such as secretarial services from Millicom, and to
charge Millicom with costs for recruitment consultants and related travel if deemed necessary.</P>

<P STYLE="color: #002060; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 13.5pt; text-align: justify">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>AGM &ndash; item 20:
SHARE REPURCHASE PLAN </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Board of Directors proposes
that the meeting resolves on the Share Repurchase Plan:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 36pt"><I>20.1</I></TD><TD STYLE="text-align: justify"><I>To authorize the Board of Directors, at any time between May 2, 2019 and the day of the 2020
AGM, provided the required levels of distributable reserves are met by Millicom at that time, either directly or through a subsidiary
or a third party, to engage in a share repurchase plan of Millicom's shares to be carried out for all purposes allowed or which
would become authorized by the laws and regulations in force, and in particular the Luxembourg law of 10 August 1915 on commercial
companies, as amended (the &quot;<B>1915 Law</B>&quot;) (the &quot;<B>Share Repurchase Plan</B>&quot;) by using its available cash
reserves, in an amount not exceeding the lower of (i) five per cent (5%) of Millicom's outstanding share capital as of the date
of the AGM (i.e., approximating a maximum of 5,086,960 shares corresponding to USD 7,630,440 in nominal value) or (ii) the then
available amount of Millicom&rsquo;s distributable reserves on a parent company basis, on the Nasdaq Stock Market in the US, Nasdaq
Stockholm or any other recognized alternative trading platform, at an acquisition price which may not be less than SEK 50 per share
(or USD equivalent) nor exceed the higher of (x) the published bid that is the highest current independent published bid on a given
date or (y) the last independent transaction price quoted or reported in the consolidated system on the same date, regardless of
the market or exchange involved, provided, however, that when shares are repurchased, the price shall be within the registered
interval for the share price prevailing at any time (the so called spread), that is, the interval between the highest buying rate
and the lowest selling rate. The Board shall be able to resolve that repurchase of Millicom&rsquo;s own shares shall be made within
a repurchase program in accordance with Article 5 of the Commission's Regulation (EU) no 596/2014 and Rule 10b-18 pursuant to the
U.S. Securities Exchange Act of 1934.</I></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 36pt"><I>20.2</I></TD><TD STYLE="text-align: justify"><I>To approve the Board&rsquo;s proposal to give joint authority to Millicom&rsquo;s President
and Chief Executive Officer, and the Chairman of the Board (at the time any such action is taken) to (i) decide, within the limits
of the authorization set out in (20.1) above, the timing and conditions of any Millicom Share Repurchase Plan according to market
conditions and (ii) give a mandate on behalf of Millicom to one or more designated broker-dealers to implement the Share Repurchase
Plan.</I></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 36pt"><I>20.3</I></TD><TD STYLE="text-align: justify"><I>To authorize Millicom, at the discretion of the Board, in the event the Share Repurchase Plan
is done through a subsidiary or a third party, to purchase the bought back Millicom shares from such subsidiary or third party.</I></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 36pt"><I>20.4</I></TD><TD STYLE="text-align: justify"><I>To authorize Millicom, at the discretion of the Board, to pay for the bought back Millicom shares
using the then available reserves.</I></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 36pt"><I>20.5</I></TD><TD STYLE="text-align: justify"><I>To authorize Millicom, at the discretion of the Board, to (i) transfer all or part of the purchased
Millicom shares to employees of the Millicom Group in connection with any existing or future Millicom share-based incentive plan,
and/or (ii) use the purchased shares as consideration for merger and acquisition purposes, including joint ventures and the buy-out
of minority interests in Millicom&rsquo;s subsidiaries or joint ventures, as the case may be, in accordance with the limits set
out in Articles 430-15, 430-16, 430-17, 430-18 and 430-19 of the 1915 Law.</I></TD></TR></TABLE>

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


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    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 36pt"><I>20.6</I></TD><TD STYLE="text-align: justify"><I>To further grant all powers to the Board with the option of sub-delegation to implement the
above authorization, conclude all agreements, carry out all formalities and make all declarations with regard to all authorities
and, generally, do all that is necessary for the execution of any decisions made in connection with this authorization.</I></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; text-align: justify; color: #002060">The Board proposes that
the meeting approve the Share Repurchase Plan and authorizes the Board, with the option to delegate, to acquire and dispose of
Millicom's shares under the abovementioned Share Repurchase Plan as further detailed below.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>a)</B></TD><TD STYLE="text-align: justify"><B>Objectives:</B></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; text-align: justify; color: #002060">The Share Repurchase Plan
will be carried out for all purposes allowed or which would become authorized by the laws and regulations in force, and in particular
the 1915 Law. The Board shall be able to resolve that repurchase of Millicom&rsquo;s own shares shall be made within a repurchase
program in accordance with Article 5 of the Commission's Regulation (EU) no 596/2014 and Rule 10b-18 pursuant to the U.S. Securities
Exchange Act of 1934.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The purpose of the Share
Repurchase Plan will be in particular to reduce Millicom's share capital (in value or in the number of shares) or to meet obligations
arising from any of the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">(a)</TD><TD STYLE="text-align: justify">debt financial instruments exchangeable into equity instruments;</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">(b)</TD><TD STYLE="text-align: justify">employee share option programs or other allocations of shares to employees of Millicom or of an
associate company; and</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 28.35pt">(c)</TD><TD STYLE="text-align: justify">consideration for merger and acquisition purposes.</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; text-align: justify; color: #002060">The transactions over the
shares under the Share Repurchase Plan may be carried out by any means, on or off the market or by the use of derivative financial
instruments, listed on a regulated stock exchange or transacted by mutual agreement subject to all applicable laws and stock exchange
regulations.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>b)</B></TD><TD STYLE="text-align: justify"><B>Maximum proportion of the share capital that may be repurchased</B></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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">The maximum aggregate number of shares authorized to be purchased is an amount not exceeding the
lower of (i) five per cent (5%) of Millicom's outstanding share capital as of the date of the AGM (i.e., approximating a maximum
of 5,086,960 shares corresponding to USD 7,630,440 in nominal value) or (ii) the then available amount of Millicom&rsquo;s distributable
reserves on a parent company basis, on the Nasdaq Stock Market in the US, Nasdaq Stockholm or any other recognized alternative
trading platform. The nominal value or, in the absence thereof, the accountable par value of the acquired shares, including shares
previously acquired by Millicom and held by it (including the stakes held by other group companies referred to in Article 430-23
of the 1915 Law), and shares acquired by a person acting in his own name but on Millicom's behalf, may not exceed five per cent
(5%) of the issued share capital, it being specified that (x) such limit applies to a number of shares that shall be, as necessary,
adjusted in order to take into account transactions affecting the share capital following the AGM as further detailed under c)
below, (y) that the acquisitions carried out by Millicom may in no event cause it to hold, directly or indirectly, more</TD></TR></TABLE>

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


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #002060">than five per
cent (5%) of the share capital, and (z) the aggregate amount that Millicom may assign to the buyback of its own shares shall be
set in accordance with the provisions of the 1915 Law.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">The acquisitions may not have the effect of reducing Millicom's net assets below the amount of
the subscribed share capital plus those reserves, which may not be distributed under the law or the articles of association of
the Company.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">Only fully paid-up shares may be included in the transactions.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><B>c)</B></TD><TD STYLE="text-align: justify"><B>Price and volume considerations</B></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; text-align: justify; color: #002060">The minimum and maximum
purchase prices at which Millicom may repurchase its shares shall be set at:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">Minimum repurchase price: SEK 50 (or USD equivalent)</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify">Maximum repurchase price not to exceed the higher of: (i) the published bid that is the highest
current independent published bid on a given date or (ii) the last independent transaction price quoted or reported in the consolidated
system on the same date, regardless of the market or exchange involved.</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; text-align: justify; color: #002060">The AGM shall grant all
powers to the Board to proceed with unit price adjustments and the maximum number of securities to be acquired in proportion to
the variation in the number of shares or their nominal value resulting from possible financial operations by Millicom, such as
but not limited to, capital increase by incorporation of reserves and free allocation of shares or in case of splitting or regrouping
of shares et seq.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Any transaction undertaken
by Millicom under the Share Repurchase Plan as to price and volume will be undertaken in accordance with all legal and stock exchange
requirements. The aforementioned includes <I>inter alia</I> that, when shares are repurchased on the Nasdaq Stockholm, the price
shall be within the registered interval for the share price prevailing at any time (the so called spread), that is, the interval
between the highest buying rate and the lowest selling rate. In addition, any shares repurchased shall be repurchased in compliance
with Rule 10b-18 pursuant to the U.S. Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.1pt"><B>d)</B></TD><TD STYLE="text-align: justify"><B>Duration</B></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; text-align: justify; color: #002060">Such a Share Repurchase
Plan will start no earlier than May 2, 2019 and end no later than at the earliest of (i) the 2020 AGM, (ii) the moment when the
aggregate value of shares repurchased by Millicom since the start of this Share Repurchase Plan reaches the limits indicated under
(b) above, (iii) the moment when Millicom' shareholding (including the stakes held by other group companies referred to in Article
430-23 of the 1915 Law and shares acquired by a person acting in his own name but on Millicom's behalf) reaches ten per cent (10%)
of the subscribed share capital in accordance with Article 430-15 (1) of the 1915 Law or (iv) within eighteen months as of the
date of the AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">This Share Repurchase Plan
supersedes and replaces all other previous share repurchase plans of Millicom which are therefore deemed cancelled.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>AGM &ndash; item 21:
GUIDELINES FOR REMUNERATION TO SENIOR MANAGEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Board proposes that
the Annual General Meeting resolves on the following guidelines for remuneration and other employment terms for the senior management
for the period up to the 2020 AGM.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Compensation guidelines</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The objectives of the guidelines
are:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><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">to ensure that Millicom can attract, motivate and retain senior management, within the context
of Millicom&rsquo;s international talent pool, which consists of Telecommunications, Media &amp; FMCG companies;</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: #002060"><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">to create incentives for senior management to execute strategic plans and deliver excellent operating
results with an emphasis on rewarding growth; and</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: #002060"><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">to align the incentives of senior management with the interests of shareholders, including requiring
substantial share ownership by all senior management.</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; text-align: justify; color: #002060">Compensation shall be based
on conditions that are market competitive in the United States and Europe and shall consist of a fixed salary and variable compensation,
including the possibility of participation in share-based incentive programs and pension schemes. These components shall create
a well-balanced compensation reflecting individual performance and responsibility, both short-term and long-term, and Millicom&rsquo;s
overall performance.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>(i) Base salary</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Senior management base salary
shall be competitive and based on individual responsibilities and performance.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>(ii) Variable remuneration</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The senior management may
receive variable remuneration in addition to base salary. The variable remuneration consists of (a) a Short-term Incentive Plan
(&ldquo;STI&rdquo;) and (b) a Long-term Incentive Plan (&ldquo;LTI&rdquo;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The amounts and percentages
for variable remuneration are based on pre-established goals and targets relating to the performance of both Millicom and individual
employees and are intended to be competitive as part of a total compensation package.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(a)</B></FONT></TD><TD><B>Short-term Incentive Plan (&ldquo;STI&rdquo;)</B></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; text-align: justify; color: #002060">The STI consists of two
components: a cash bonus and a restricted share-based component (the Deferred Share Plan, or &ldquo;<B>DSP</B>&rdquo;). For certain
of our operations, the deferred share component is calculated as deferred cash. The structure of the STI, including measures, achievement
payouts and share vesting periods, align Millicom&rsquo;s Global Senior Management (as defined below) with shareholders and with
peer companies in Millicom&rsquo;s international talent pool. The design of the STI for 2019 is the same as the design in 2018.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The performance measures
are: (i) Service Revenue (20%), (ii) EBITDA (earnings before interest, tax, depreciation and amortization) (20%), (iii) OFCF (operating
free cash flow) 20%, (iv) Net Promoter Score (NPS) 10%, and (v) Personal Performance (30%). The financial performance measures
are aligned with the 2019 medium-term guidance published by the Company on February 7, 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The DSP seeks to attract
and retain management and high-potential employees, by rewarding for past performance and incentivizing longer-term service. It
is part of Millicom&rsquo;s short-term incentive program and as such the Board deems that pro rata vesting (30%/30%/40%) over a
three-year period is reasonable in order to achieve the objectives of Millicom&rsquo;s overall compensation and reward strategy.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Eligibility</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Eligibility for participation
in the DSP component of the STI is limited to members of Millicom&rsquo;s Global Senior Management, which comprises the CEO, the
Executive Vice Presidents (&ldquo;<B>EVPs</B>&rdquo;), Corporate Vice Presidents (&ldquo;<B>VPs</B>&rdquo;), Corporate Directors,
Country General Managers (&ldquo;<B>GM</B>&rdquo;) and Country-based Directors reporting directly to Country General Managers (<B>GM-1</B>).
Additionally, employees designated as being &ldquo;key talents&rdquo; or having &ldquo;critical skills&rdquo; may be nominated
to participate in the DSP (the &ldquo;<B>DSP Participants</B>&rdquo;). Currently, 300 individuals are included in this group. Other
employees participate in the STI and receive a cash bonus, but do not participate in the DSP.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>2019 DSP (based on 2018
performance)</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Information on the 2019
DSP, including performance measures and payout scales (based on performance in 2018), and the number of share awards to be granted,
are described in agenda item 22 below.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>2020 DSP (based on 2019
performance)</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Millicom has maintained
the same design for the 2020 DSP. The 2020 DSP share awards will vest (subject to the participant still being employed by Millicom)
30% in Q1 2021, 30% in Q1 2022 and 40% in Q1 2023. The 2020 DSP will be presented for approval at the 2020 AGM, once all final
details, including maximum number of share awards to be issued, are known.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(b)</B></FONT></TD><TD><B>Long-term Incentive Plan (&ldquo;LTI&rdquo;) </B></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; text-align: justify; color: #002060">The LTI consists of a performance
based share-based plan (&ldquo;<B>PSP</B>&rdquo;) whereby share awards granted vest 100% at the end of a three-year period, subject
to performance conditions. The PSP seeks to complement and support Millicom&rsquo;s long-term business view and strategy by focusing
decision-making on the medium to longer-term; and encouraging significant personal ownership of Millicom shares by senior management.
The design of the LTI for 2019 is the same as the design in 2018.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The performance conditions
are: (i) OFCF, with a specific 3 year CAGR target (50%), (ii) Service Revenue, with a specific 3-year CAGR target (25%), and (iii)
Relative Total Shareholder Return (&ldquo;TSR&rdquo;) vis-a-vis a peer group of companies (25%). For certain of our operations,
this award is calculated as deferred cash, and the two components are OFCF and Service Revenue, each with a 50% weight. The Service
Revenue and OFCF measures are aligned with the 2019 medium-term guidance published on February 7, 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">PSP share awards will vest,
subject to achievement of the performance conditions, at the end of a three-year period ending ten trading days after the earnings
release in Q1 of 2022.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Eligibility</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Eligibility for participation
in the LTI is limited to members of Millicom&rsquo;s Global Executive Management, which is defined by Millicom&rsquo;s internal
role grading structure and consists of the CEO, EVPs, VPs and GMs. Currently, 49 individuals are included in this group.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>2019 PSP (based on 2019-2021
performance)</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Information on the 2019
PSP, including performance measures and payout scales (based on performance from 2019 to 2021), and the number of share awards
to be granted, is included in agenda item 22 below.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>(iii) Other benefits</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Other benefits can include,
for example, a car allowance, medical coverage and, in limited cases, while on an expat assignment, housing allowance, school fees,
home leave and other travel expenses.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>(iv) Pension</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The Global Senior Management
are eligible to participate in a global pension plan which also covers death and disability insurance.&nbsp;The global pension
plan is secured through premiums paid to insurance companies.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Notice of termination
and severance pay</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">If the employment of Millicom&rsquo;s
most senior management is terminated, a notice period of up to 12 months could potentially apply.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Deviations from the guidelines</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In special circumstances,
the Board may deviate from the above guidelines, for example additional variable remuneration in the case of exceptional performance.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060"><B>AGM
&ndash; item 22: SHARE-BASED INCENTIVE PLANS </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">As outlined
in the proposed guidelines for remuneration under agenda item 21 above (and the corresponding guidelines approved at the 2018 AGM),
variable compensation includes the following share-based incentive plans:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">(i) a
short-term Deferred Shares Plan (DSP), and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">(ii) a
three-year Performance Share Plan (PSP).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Board
proposes that the meeting resolves to approve the 2019 DSP, the 2019 PSP and the granting of share awards under both plans, both
as further described below.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060"><B>Governance
of the Plans</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Board
or the Compensation Committee is responsible for preparing the detailed terms and conditions of the share-based compensation plans,
in accordance with the terms and guidelines set out herein. In connection therewith, the Board shall be entitled to make adjustments
to meet foreign regulations or market conditions, and, in connection with delivery of shares to participants, offer share settlement
in order to cover the participant&rsquo;s tax costs upon vesting.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Board
also may make certain other adjustments, including deciding to reduce the delivery of shares for all participants, or for certain
categories of participants, covered by the 2019 PSP and 2019 DSP, if material changes occur within the Millicom or in the market
that, in the Board's assessment, mean that the terms and conditions for the allotment of shares under the plans no longer fulfil
the main objectives of the plans.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">The Compensation
Committee of the Board of Millicom determines when an offer for the grant of share awards shall be made, the eligible employees
to whom such offer shall be made and the terms governing the offer for the grant of share awards in accordance with the principles
adopted by the AGM<FONT STYLE="background-color: white">. The Compensation Committee shall also have the right to resolve on more
detailed terms and conditions i</FONT>n accordance with the principles adopted by the AGM<FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060"><B>Preparation
of the Proposal</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">Millicom's
Compensation Committee has prepared the 2019 DSP and the 2019 PSP in consultation with external advisors. The plans have been reviewed
at meetings of the Board in late 2018 and in the first months of 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>(i) Proposed 2019 DSP
(based on 2018 performance) </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In Q1 2019, share awards
are granted under the 2019 DSP as part of the 2018 STI. The maximum number of shares that may vest under the 2019 DSP will be 297,856,
representing approximately 0.29% of the outstanding shares and 0.29% of the outstanding votes. Each share award granted as part
of the 2019 DSP, part of the 2018 STI, carries a non-transferable right to receive one share in Millicom on the relevant vesting
date. Eligibility for participation in the 2019 DSP is described in item 21.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Payment / vesting</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">If the AGM approves the
2019 DSP, and thereby the granting of share awards to the DSP Participants, the STI is paid 50% in cash and 50% in DSP shares.
For employees not participating in the DSP, or to the extent that the DSP is not approved by the AGM, the STI (including the portion
that would have been provided as shares) will be a cash bonus. The share awards will vest (generally subject to the participant
still being employed by Millicom) 30% in Q1 2020, 30% in Q1 2021 and 40% in Q1 2022.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Calculation</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">STI compensation is based
on the following formula:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #002060">Employee&rsquo;s
base salary X a pre-determined % of base salary X plan performance.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Plan performance is determined
as a percentage achievement of financial, non-financial and personal performance measures, applied to a payout scale (with a 95%
performance level minimum for each financial measure).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Performance measures
(based on 2018 performance) and payout scale</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Performance measures and
weightings: (i) Service revenue (20%), (ii) EBITDA (earnings before interest, tax, depreciation and amortization) (20%), (iii)
OFCF (operating free cash flow) 20%, (iv) net promoter score (NPS) 10%, and (v) personal performance (30%).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The performance measures
are based on the extent to which the 2018 targets (Group, regional, or Country level as applicable to each individual) are achieved,
in accordance with a linear payout scale providing for a zero payout for achievement less than 95%, a 100% payout for 100% achievement
and a 200% payout for 110% or more achievement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The personal performance
measures are based on the rating scale below.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&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: 18%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Performance rating</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Does not meet</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Partially meets</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Meets</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Exceeds</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Exceptionally Exceeds</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Payout</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">15% on cash component.&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">0 on shares component&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">30%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">45%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">60%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>(ii) Proposed 2019 PSP</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In Q1 2019 share awards
are granted under the 2019 PSP (2019 LTI). The maximum number of shares that may vest under the 2019 PSP will be 523,926, representing
approximately 0.51% of the outstanding shares and 0.52% of the outstanding votes. Each share award granted as part of the 2019
PSP, part of the 2019 LTI, carries a non-transferable right to receive one share in Millicom on the relevant vesting date. Eligibility
for participation in the 2019 PSP is described in item 21.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Payment / vesting</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">One hundred percent of the
share awards will vest after a three-year vesting period, in Q1 2022, subject to a number of shareholder return and company performance
criteria over the three-year period and the participant still being employed by Millicom at the time of vesting. The target number
of share awards is calculated as a percentage of the annual base salary of each participant on January 1, 2019.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Calculation</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The target number of PSP
share awards per participant ranges from 35% of salary to 400% (for the CEO) of base annual salary (as of January 1, 2019) as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 90%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 78%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Seniority</B></FONT></TD>
    <TD STYLE="width: 22%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>% of base annual salary (range)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Country General Managers and Corporate Vice Presidents</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">35%-60%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">CEO and Executive Management Team</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">100%-400%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Performance measures</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Each PSP share award will
vest as one Millicom share, subject to the following performance conditions over a three-year period from March 1, 2019 to February
28, 2022 (the &quot;PSP Performance Period&quot;):</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 90%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 78%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Performance measure</B></FONT></TD>
    <TD STYLE="width: 22%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>% of the PSP</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Operating Free Cash Flow (&ldquo;OFCF&rdquo;), with a specific 3-year CAGR target</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">50%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Service Revenue, with a specific 3-year CAGR target</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">25%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Relative Total Shareholder Return (&ldquo;TSR&rdquo;) vis-a-vis a peer group* of companies. </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">25%</FONT></TD></TR>
</TABLE>

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

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">* The peer group used for
assessment of the Relative Total Shareholder Return consists of America Movil, TIM Brazil, TEF Brazil, Entel Chile, Liberty Latin
America, Telecom Argentina, Grupo Televisa, and Megacable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Payout Scales &amp; Vesting</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The following linear payout
scale is applied to the OFCF and Service Revenue performance measures, with a zero payout for achievement less than 80%, a 100%
payout for 100% achievement (&ldquo;Target&rdquo;) and a 200% payout for 120% or more achievement (&ldquo;Maximum&rdquo;):</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 26%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>OFCF and Service Revenue achievement</B></FONT></TD>
    <TD STYLE="width: 7%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">&lt;80%</FONT></TD>
    <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">90%</FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">95%</FONT></TD>
    <TD STYLE="width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">105%</FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">110%</FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">115%</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">120%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Payout</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">50%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">75%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">125%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">150%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">175%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">200%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The following linear payout
scale is applied to the Relative TSR performance measure:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 28%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Relative TSR (median)</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">&lt;100%</FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">100%</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">105%</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">110%</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">115%</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: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">120%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Payout</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">125%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">150%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">175%</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">200%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">In addition, participants
who receive a &lsquo;does not meet&rsquo; performance rating are not eligible to participate in the PSP in the following year.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><U>Share ownership requirements</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Participants in the PSP
are subject to Millicom&rsquo;s Share Ownership Policy, which requires them to hold all shares vested (post tax) under either the
PSP or the DSP and maintain the following minimum levels of share ownership:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="width: 80%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 58%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>Seniority</B></FONT></TD>
    <TD STYLE="width: 42%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060"><B>% of base annual salary</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">CEO</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">400%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">CFO and Senior EVPs </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">200%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">EVPs</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">100%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Other participants</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">50%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Accounting, cost and
maximum number of shares</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Both the DSP and PSP are
accounted for in accordance with IFRS 2, which requires the cost of share awards to be recorded as employee costs in the income
statement over the vesting period, based on the number of shares expected to vest and the fair value of those shares. Elements
specific to each plan are as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">(i) <U>2019 DSP</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">No expense is recognized
for DSP share awards that do not ultimately vest. Vesting of the shares is not dependent on market conditions. The number of shares
that may vest, approximate cost and percentage of outstanding shares (based on a share price on March 5, 2019 of USD 59.79) are
as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="5" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 19%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Shares that may vest</FONT></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Approximate cumulative three-year cost (SEK)</FONT></TD>
    <TD STYLE="width: 26%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Approximate cumulative three-year cost (USD)</FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">% of outstanding shares</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">At Maximum</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">297,856</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">166 million</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">18 million</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">0.29%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The costs and dilution are
expected to have only a marginal effect on key ratios of Millicom.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Information about the outcome
of the 2019 DSP will be presented in Millicom&rsquo;s 2022 Annual Report.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">(ii) <U>2019 PSP</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">No expense is recognized
for share awards that do not ultimately vest, except for PSP share awards where vesting is conditional upon a market condition
which are treated as vested regardless of whether or not the market conditions are satisfied, provided that all other performance
conditions are satisfied.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The cost of the 2019 PSP
is allocated over the vesting period and is calculated in two distinct components as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; color: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1)</TD><TD STYLE="text-align: justify">As the TSR measure is based on market conditions, the fair value of the shares in the PSP requires
adjustment for future market-based conditions. For this, a specific valuation was performed on the grant date based on the probability
of the TSR conditions being met (including the extent to which they are expected to be met) and the expected payout based upon
leaving conditions.</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: #002060"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2)</TD><TD STYLE="text-align: justify">The Service Revenue and OFCF performance components are non-market measures which are considered
together with a leaving (forfeiture) estimate and based initially on a target fulfilment expectation.</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; text-align: justify; color: #002060">The number of shares that
may vest, approximate cost and percentage of outstanding shares (based on a share price on March 5, 2019 of USD 59.79) are as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&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: 19%; border: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Shares that may vest</FONT></TD>
    <TD STYLE="width: 21%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Approximate cumulative three-year cost (SEK)</FONT></TD>
    <TD STYLE="width: 26%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">Approximate cumulative three-year cost (USD)</FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">% of outstanding shares</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">At Target</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">261,963</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">142 million</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">15.3 million</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">0.26%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">At Maximum</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">523,926</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">284 million</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">30.6 million</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 2pt; text-align: justify; text-indent: 0pt"><FONT STYLE="font-size: 10pt; color: #002060">0.51%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The reference share price
related to the market conditions for the PSP is USD 53.91. The reference price for the non-market measure is USD 59.79.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Cost and dilution are expected
to have only a marginal effect on key ratios of Millicom.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The outcome of the 2019
PSP will be presented in Millicom&rsquo;s 2022 Annual Report.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Hedging arrangements
and delivery of shares </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">The undertaking to deliver
shares to the participants in the 2018 DSP and 2019 PSP will be fulfilled either by Millicom transferring its own treasury shares
or, if required, by acquiring and transferring shares or issuing new shares.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Delivery of shares, subject
to the terms of conditions of the plans, will be made free of charge.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>Information regarding
other incentive programs in Millicom</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">Please refer to the 2018
Annual Report and the company's website www.millicom.com, for further information regarding all Millicom's on-going share or share
price-related incentive programs.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><I>The personal data of SDR holders and shareholders
collected from the SDR/share register, notification of attendance to the AGM as well as information regarding representatives and
advisors will be used for registration, drawing up of voting list for the AGM and, where applicable, minutes from the AGM. The
personal data will be processed in accordance with the General Data Protection Regulation (Regulation (EU) 2016/679 of the European
Parliament and of the Council) in force as of May 25, 2018.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><B>The Board of Directors</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><B>March 14, 2019&#9;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>For more information,
please contact:&#9;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-top: #8EAADB 1pt solid; border-right: #8EAADB 1pt solid; border-bottom: #8EAADB 1.5pt solid; border-left: #8EAADB 1pt solid; padding: 2pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #002060"><FONT STYLE="font-size: 10pt"><B>AGM
Enquiries </B></FONT><BR>
Patrick Gill, Company Secretary&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">+352 27 759 021&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">Maria Florencia Maiori, Corporate Governance
Manager&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">+44 (0) 203 2492 100&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">information@millicom.com&nbsp;</P></TD></TR>
</TABLE>

<P STYLE="margin: 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">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #002060"><FONT STYLE="font-size: 10pt"><B>Press:
</B></FONT><BR>
Vivian Kobeh, Corporate Communications Director&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">+1 305 476 7352 / +1 305 302 2858&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">press@millicom.com</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060">&nbsp;</P></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="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #002060"><B>Investors: &nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #002060">Michel Morin, VP Investor
Relations<BR>
+352 277 59094</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #002060">investors@millicom.com&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #002060">Mauricio Pinzon, Investor
Relations</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #002060">Manager<BR>
Tel: +44 20 3249 2460</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; color: #002060">investors@millicom.com&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060"><B>About Millicom</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #002060">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; text-align: justify; color: #808285">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</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; text-align: justify; color: #808285">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; text-align: justify; color: #808285">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="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0; text-align: justify; color: #808285">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Item 2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</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; background-color: rgb(12,15,57)"><TD STYLE="width: 50%; text-align: center; vertical-align: middle; padding: 2pt">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="width: 50%; text-align: center; vertical-align: middle; padding: 2pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: rgb(0,6,64); font: 20pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>The Millicom Nomination Committee&rsquo;s
proposal for Board of Directors</B></P>

<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>Luxembourg, March 14<SUP>th</SUP>,
2019 &ndash; In advance of the Annual General Meeting of shareholders (&ldquo;AGM&rdquo;) of Millicom International Cellular S.A.
(&ldquo;Millicom&rdquo;) to be held on May 2<SUP>nd</SUP>, 2019, Millicom&rsquo;s Nomination Committee proposes the election of
Mercedes Johnson as a new Director of the Board, the re-election of Jos&eacute; Antonio Rios Garc&iacute;a, Odilon Almeida, Janet
Davidson, Tomas Eliasson, Pernille Erenbjerg, Lars-&Aring;ke Norling and James Thompson as Directors of the Board and the re-election
of Jos&eacute; Antonio Rios Garc&iacute;a as Chairman of the Board. Roger Sol&eacute; Rafols has decided not to seek re-election.
</B></P>

<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">Mercedes Johnson currently
serves on the Boards of three NASDAQ or NYSE listed technology companies &ndash; Synopsys, a provider of solutions for designing
and verifying advanced silicon chips, Teradyne, a developer and supplier of automated semiconductor test equipment, and Juniper
Networks, a multinational developer of networking products. During her executive career, Mercedes held positions such as Chief
Financial Officer of Avago Technologies (now Broadcom) and Chief Financial Officer of LAM Research Corporation. Mercedes holds
a degree in Accounting from the University of Buenos Aires.</P>

<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">Cristina Stenbeck, Chairman
of the Nomination Committee, commented: &ldquo;The Nomination Committee is pleased to propose the election of Mercedes Johnson
as a new Board Director. Mercedes will bring a wealth of experience from her current and previous Board, Audit Committee and Chief
Financial Officer roles at publicly listed U.S. multinational corporations. The Nomination Committee is particularly appreciative
that Mercedes has agreed to serve on the Board&rsquo;s Audit Committee, as Millicom continues its Latin American growth journey
as a U.S. listed company.&rdquo;</P>

<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">Jos&eacute; Antonio Rios
Garc&iacute;a, Chairman of the Board, added: &ldquo;On behalf of the Board, the management team, and all shareholders, I would
like to extend our gratitude to Roger Sol&eacute; Rafols for his contribution during his two years on the Millicom Board.&rdquo;</P>

<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">The Nomination Committee&rsquo;s
full proposals are presented in the notice to Millicom&rsquo;s AGM, to be held on May 2<SUP>nd</SUP>, 2019. The Nomination Committee
ahead of the 2019 AGM comprised Cristina Stenbeck, appointed by Kinnevik AB; John Hernander, appointed by Nordea Funds; and Scott
Cobb, appointed by Southeastern Asset Management.</P>

<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: center">-END-<BR STYLE="clear: both">
</P>

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

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></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; background-color: rgb(12,15,57)"><TD STYLE="width: 50%; text-align: center; vertical-align: middle; padding: 2pt">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="width: 50%; text-align: center; vertical-align: middle; padding: 2pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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: #9CC2E5 1pt solid; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1.5pt solid; border-left: #9CC2E5 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0"><FONT STYLE="font-size: 10pt; color: #000640"><B>Press:
</B></FONT><BR>
<FONT STYLE="color: #808285">Vivian Kobeh, Corporate Communications Director</FONT>&nbsp;</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">+1 305 476 7352 / +1 305 302 2858&nbsp;</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">press@millicom.com</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="width: 50%; border-top: #9CC2E5 1pt solid; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1.5pt solid; padding: 2pt; text-indent: 0pt">
        <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">&nbsp;</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0">Michel Morin, VP Investor Relations<BR>
        +352 277 59094</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0">investors@millicom.com</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 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>
        Tel: +44 20 3249 2460</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 7.8pt 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 7.8pt 0pt 0; text-align: justify">&nbsp;</P>






<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></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 Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Item 3</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="color: rgb(0,6,64); font: 20pt Arial, Helvetica, Sans-Serif; margin: 0pt 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; background-color: rgb(12,15,57)"><TD STYLE="width: 50%; text-align: center; vertical-align: middle; padding: 2pt">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="width: 50%; text-align: center; vertical-align: middle; padding: 2pt"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR></TABLE>
<P STYLE="color: rgb(0,6,64); font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: rgb(0,6,64); font: 20pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Amended Millicom Nomination Committee</B></P>

<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>Stockholm, 14 March 2019
&ndash; The Nomination Committee of Millicom International Cellular S.A. (&quot;Millicom&quot;) has resolved to amend its composition.
The Nomination Committee now consists of Georgi Ganev, appointed by Kinnevik AB; John Hernander, appointed by Nordea Funds; and
Daniel Sievers, appointed by Fiduciary Management, Inc. </B></P>

<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">The three members of the
Nomination Committee have been appointed by shareholders that jointly represent approximately 45 percent of the total shares in
Millicom. The members of the Nomination Committee will appoint a Committee Chairman at their first meeting.</P>

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

<P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #000640">Information
about the work of the Nomination Committee can be found on Millicom&rsquo;s website, </FONT><FONT STYLE="color: rgb(5,99,193)"><U>www.millicom.com</U></FONT><FONT STYLE="color: #000640">.
Shareholders wishing to propose candidates for election to the Board of Directors of Millicom should submit their proposal in
writing to the Company Secretary, Millicom International Cellular SA, 2 rue du Fort Bourbon, BP 2312 L-1249 Luxembourg, Luxembourg.
</FONT></P>

<P STYLE="color: #00245D; 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: center">-END-</P>

<P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&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: 49%; border-top: #9CC2E5 1pt solid; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1.5pt solid; border-left: #9CC2E5 1pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="color: #00245D; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0"><FONT STYLE="font-size: 10pt; color: #000640"><B>Press:
</B></FONT><BR>
<FONT STYLE="color: #808285">Vivian Kobeh, Corporate Communications Director&nbsp;</FONT></P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">+1 305 476 7352 / +1 305 302 2858&nbsp;</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">press@millicom.com</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="width: 51%; border-top: #9CC2E5 1pt solid; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1.5pt solid; padding: 2pt; text-indent: 0pt">
        <P STYLE="color: #000640; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Investors: &nbsp;</B></P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0">Michel Morin, VP Investor Relations<BR>
        +352 277 59094</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 0pt 0">investors@millicom.com</P>
        <P STYLE="color: #808285; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 7.8pt 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>
        Tel: +44 20 3249 2460</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 7.8pt 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 7.8pt 0pt 0; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>MILLICOM INTERNATIONAL CELLULAR S.A.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Salvador Escalon</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 35%"><FONT STYLE="font-size: 10pt">Salvador Escalon</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President, General Counsel</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Date: March 14, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>



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

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
