<SEC-DOCUMENT>0001144204-19-023836.txt : 20190506
<SEC-HEADER>0001144204-19-023836.hdr.sgml : 20190506
<ACCEPTANCE-DATETIME>20190506123616
ACCESSION NUMBER:		0001144204-19-023836
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190506
FILED AS OF DATE:		20190506
DATE AS OF CHANGE:		20190506

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:		19798663

	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>tv520546_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt 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</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-size: 12pt"><B>REPORT
OF FOREIGN PRIVATE ISSUER</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-size: 12pt"><B>PURSUANT
TO RULE 13a-16 OR 15d-16 OF THE </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><FONT STYLE="font-size: 12pt"><B>SECURITIES
EXCHANGE ACT OF 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -6.85pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of May, 2019.</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>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<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>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Commission
File Number: 001-38763</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></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: 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"><B>&nbsp;</B></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"><B>L-1249 Luxembourg</B></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"><I>(Address of principal executive office)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></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="font-size: 10pt; width: 60%; 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 Wingdings; margin: 0pt 0; text-align: center">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="width: 14%">
        <P STYLE="font: 10pt Wingdings; margin: 0pt 0; text-align: center">&uml;</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)(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="font-size: 10pt; width: 60%; 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="width: 14%">
        <P STYLE="font: 10pt Wingdings; margin: 0pt 0; text-align: center">&uml;</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">No</FONT></TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Wingdings; margin: 0pt 0; text-align: center">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="font-size: 10pt; width: 60%; 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="width: 14%">
        <P STYLE="font: 10pt Wingdings; margin: 0pt 0; text-align: center">&uml;</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">No</FONT></TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Wingdings; margin: 0pt 0; text-align: center">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"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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">MILLICOM INTERNATIONAL CELLULAR S.A.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in; border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">Item</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">1.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Unaudited Interim Condensed Consolidated Financial Statements for the three-month period ended March 31, 2019</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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; text-align: right"><IMG SRC="tv520546_img1.jpg" ALT="">&nbsp;</P>

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

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000640"><B>Unaudited Interim <BR>
Condensed Consolidated<BR>

Financial Statements</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000640"><B>For the three-month period ended March 31,
2019</B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000640"></P>


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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt; color: rgb(0,6,96)"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt; text-align: right"><IMG SRC="tv520546_img1.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><FONT STYLE="font-size: 12pt"><B>Unaudited
interim condensed consolidated income statement for the three-month period ended March&nbsp;31, 2019</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 60%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Notes</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&nbsp;&nbsp;&nbsp;</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended </B></FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March 31, 2019</B></FONT></P></TD>
    <TD NOWRAP STYLE="width: 15%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&nbsp;&nbsp;</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended</B></FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March 31, 2018 (i)</B></FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Revenue</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>5</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,065</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,013</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cost of sales</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(300)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(277)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Gross profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>765</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>736</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Operating expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #1F497D">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(388)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(409)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Depreciation</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #1F497D">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(202)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(171)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(61)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(36)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Share of profit in the joint ventures in Guatemala and Honduras</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">44</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">39</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other operating income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">5</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Operating profit</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>5</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>165</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>160</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest and other financial expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2, 10</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(140)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(85)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest and other financial income</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">4</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other non-operating (expenses) income, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">12</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">27</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Profit (loss) from other joint ventures and associates, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">3</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(20)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Profit before taxes from continuing operations</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>44</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>87</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Charge for taxes, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(19)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(33)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Profit for the period from continuing operations</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>25</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>54</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Loss for the period from discontinued operations</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #ACACAC">(32)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Net profit for the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>25</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>22</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding-left: 3pt; text-align: justify; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Attributable to:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Owners of the Company</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">17</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">10</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding-left: 3pt; text-align: justify; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Earnings per common share for net profit attributable to the owners of the Company:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Basic ($)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">7</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">0.14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">0.17</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Diluted ($)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">7</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">0.14</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">0.17</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i)&nbsp;&nbsp;&nbsp;Re-presented
for IFRS 15 assessment of wholesale carrier business as agent not principal (see note 2). Not restated for the application of IFRS
16 as the Group elected the modified retrospective approach (see note 2).</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><FONT STYLE="font-size: 12pt"><B>Unaudited
interim condensed consolidated statement of comprehensive income for the three-month period ended March&nbsp;31, 2019</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 70%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66">&nbsp;&nbsp;&nbsp;</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended</B></FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March 31, 2019</B></FONT></P></TD>
    <TD NOWRAP STYLE="width: 15%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&nbsp;&nbsp;</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended</B></FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March 31, 2018 (i)</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Net profit for the period</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">25</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">22</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Other comprehensive income (to be reclassified to income statement in subsequent periods), net of tax:</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Exchange differences on translating foreign operations</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">7</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">73</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash flow hedges</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Other comprehensive income (not to be reclassified to profit and loss in subsequent periods), net of tax:</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Total comprehensive income for the year</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">31</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">94</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Attributable to:</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Owners of the Company</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">17</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">78</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Non-controlling interests</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">15</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; border-bottom: gray 1pt solid; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Total comprehensive income for the period arises from:</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Continuing operations</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">31</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">96</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Discontinued operations</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(2)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Not restated for the application of IFRS 16 as the Group
elected the modified retrospective approach (see note 2).</I></TD>
</TR></TABLE>

<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; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><FONT STYLE="font-size: 12pt"><B>Unaudited
interim condensed consolidated statement of financial position as at March&nbsp;31, 2019</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 60%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Notes</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March&nbsp;31,&nbsp;2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&nbsp;&nbsp;</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>December&nbsp;31,&nbsp;2018</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>(i)</B></FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Intangible assets, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">9</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2,361</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2,374</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Property, plant and equipment, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">8</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2,658</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3,041</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Right of use assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">829</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Investments in joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2,899</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2,867</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Investments in associates</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">15</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">128</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">169</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Contract costs, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Deferred tax assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">215</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">202</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other non-current assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">12</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">100</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">126</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>TOTAL NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>9,193</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>8,784</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Inventories</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">50</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">39</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Trade receivables, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">350</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">343</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Contract assets, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">38</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">37</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Amounts due from non-controlling interests, associates and joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">12</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">32</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">34</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Prepayments and accrued income</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">192</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">129</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Current income tax assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">88</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">108</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Supplier advances for capital expenditure</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">29</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">25</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Equity investment</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">15</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">70</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other current assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">168</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">127</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Restricted cash</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">145</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">158</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash in escrow</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">501</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">495</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">528</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>TOTAL CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,157</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,529</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Assets held for sale</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>11,356</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>10,316</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Not restated for the application of IFRS 16 as the Group
elected the modified retrospective approach (see note 2).</I></TD>
</TR></TABLE>

<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; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><FONT STYLE="font-size: 12pt"><B>Unaudited
interim condensed consolidated statement of financial position as at March&nbsp;31, 2019 (continued)</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 60%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Notes</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March&nbsp;31,&nbsp;2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&nbsp;&nbsp;&nbsp;</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>December&nbsp;31,&nbsp;2018</B></FONT><BR> <FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(i)</B></FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Share capital and premium</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">633</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">635</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Treasury shares</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(57)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(81)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other reserves</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(549)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(538)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Retained profits</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2,518</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2,535</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Profit for the period/year attributable to equity holders</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(10)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Equity attributable to owners of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,560</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,542</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">262</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">249</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,821</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,790</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Non-current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Debt and financing</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4,202</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4,123</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Lease liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">793</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Amounts due to non-controlling interests, associates and joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">12</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">179</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">135</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Provisions and other non-current liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">344</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">351</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Deferred tax liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">227</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">233</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total non-current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>5,746</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>4,841</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Debt and financing</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">575</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">458</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Lease liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">85</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Put option liability</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">239</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">239</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Payables and accruals for capital expenditure</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">227</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">335</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other trade payables</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">257</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">282</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Amounts due to non-controlling interests, associates and joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">12</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">346</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">348</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Accrued interest and other expenses</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">440</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">383</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Current income tax liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">67</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">58</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Contract liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">84</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">87</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Provisions and other current liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">470</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">494</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total current liabilities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,788</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,684</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Liabilities directly associated with assets held for sale</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>8,534</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>7,525</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>TOTAL EQUITY AND LIABILITIES</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>11,356</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>10,315</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Not restated for the application of IFRS 16 as the Group
elected the modified retrospective approach (see note 2).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><FONT STYLE="font-size: 12pt"><B>Unaudited
interim condensed consolidated statement of cash flows for the three-month period ended March&nbsp;31, 2019</B></FONT><B> </B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 60%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Notes</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March&nbsp;31,</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March&nbsp;31,</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018(i)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Cash flows from operating activities (including discontinued operations)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Profit before taxes from continuing operations</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">44</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">87</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Profit (loss) before taxes from discontinued operations</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(32)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Profit before taxes</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>44</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>55</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Adjustments to reconcile to net cash:</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest and other financial expenses</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">140</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">87</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest and other financial income</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(3)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Adjustments for non-cash items:</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Depreciation and amortization</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">5</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">262</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">207</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Share of profit in Guatemala and Honduras joint ventures</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(44)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(39)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Loss (gain) on disposal and impairment of assets, net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(6)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">41</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Share-based compensation</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">7</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(Profit) loss from other joint ventures and associates, net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(3)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">20</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other non-cash non-operating (income) expenses, net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(12)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(28)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Changes in working capital:</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Decrease (increase) in trade receivables, prepayments and other current assets, net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(210)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(92)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(Increase) decrease in inventories</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(11)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(4)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Increase (decrease) in trade and other payables, net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">79</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">19</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Changes in contract assets, liabilities and costs, net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(1)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total changes in working capital</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(139)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(77)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest (paid)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(98)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(88)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest received</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Taxes (paid)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">5</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(3)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(14)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>147</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>167</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Cash flows from investing activities (including discontinued operations):</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Proceeds from disposal of subsidiaries and associates, net of cash disposed</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">26</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Purchase of intangible assets and licenses</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">9</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(79)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(105)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Purchase of property, plant and equipment</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">8</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(170)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(151)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Proceeds from sale of property, plant and equipment</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">8</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">9</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">12</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Dividends received from joint ventures</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">14</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">51</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">22</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash in escrow</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(500)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash (used in) provided by other investing activities, net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">5</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Net cash used in investing activities</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(683)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(191)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Cash flows from financing activities (including discontinued operations):</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Proceeds from debt and other financing</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">959</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">100</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Repayment of debt and other financing</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(446)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(130)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Dividends paid to non-controlling interests</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(11)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Net cash provided by (used in) financing activities</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>502</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(31)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Exchange impact on cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">8</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Net (decrease) increase in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(33)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(46)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash and cash equivalents at the beginning of the period</FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(528)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">619</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Effects of cash in disposal group held for sale</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 1pt 2pt 1pt 13pt; text-indent: -10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>495</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>576</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Not restated for the application of IFRS 16 as the Group
elected the modified retrospective approach (see note 2).</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

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

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt; text-align: right"><IMG SRC="tv520546_img1.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #39B8D4"><FONT STYLE="font-size: 12pt"><B>Unaudited
interim condensed consolidated statements of changes in equity for the three month period ended March&nbsp;31, 2019 and years
ended December 31, 2018, and 2017</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 50%; border-top: gray 1pt solid; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Number<BR>
        of<BR>
        shares</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>(000&rsquo;s)</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Number</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>of<BR>
        shares<BR>
        held by<BR>
        the<BR>
        Group</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>(000&rsquo;s)</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Share<BR>
        capital</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Share<BR>
        premium</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Treasury<BR>
        shares</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Retained<BR>
        profits (i)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Other<BR>
        reserves</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Total</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Non-<BR>
controlling<BR>
        interests</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD NOWRAP STYLE="width: 5%; border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Total<BR>
        equity</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Balance on December 31, 2017</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(1,195)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>484</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(106)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3,035</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(472)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3,096</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>185</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3,281</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Adjustment on adoption of IFRS 15 and IFRS 9 (net of tax)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">5</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Total comprehensive income for the year</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(10)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(68)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(78)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(30)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(108)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Dividends (ii)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(266)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(266)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(266)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Dividends to non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(13)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(13)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Purchase of treasury shares</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(70)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(6)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(6)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(6)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Share-based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">22</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">22</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">22</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Issuance of shares under share-based payment schemes</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">351</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">31</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(5)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(22)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Effect of change in consolidation scope (iii)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">111</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">111</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Put option reserve (iii)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(239)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(239)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(239)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Balance on December 31, 2018</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(913)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>482</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(81)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,525</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(538)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,542</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>249</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,790</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Total comprehensive income for the year</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">14</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">17</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">14</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">31</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Dividends to non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(1)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(1)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Purchase of treasury shares</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(96)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(8)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(8)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Share-based compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Issuance of shares under share-based payment schemes</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">359</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">32</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(7)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(20)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Balance on March 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>101,739</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(650)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>153</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>481</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(57)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,533</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(549)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,559</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>262</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,820</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #1F497D"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #1F497D"><I>(i)&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><I><FONT STYLE="color: #808285">Retained
profits &mdash; includes profit attributable to equity holders, of which at March 31, 2019, $325 million (2018: $324 million) are
not distributable to equity holders.</FONT></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #1F497D"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #1F497D"><I>(ii)&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><I><FONT STYLE="color: #808285">Dividends
&mdash; A dividend distribution of $2.64 per share was approved by the Annual General Meeting of shareholders and paid in equal
portions in May 2018 and November 2018.</FONT></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D"><I>(iii)&nbsp;&nbsp;&nbsp;</I></FONT><I><FONT STYLE="color: #808285">Effect
of the acquisition of Cable Onda S.A. See note 3 for further details.</FONT></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D"><I>(iv)&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><I><FONT STYLE="color: #808285">See
note 2 for details about changes in accounting policies.</FONT></I></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; color: #808285">The accompanying notes are an integral part
of these unaudited interim condensed consolidated financial statements</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><FONT STYLE="font-size: 12pt"><B>Notes to the
unaudited interim condensed consolidated statements</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>1. ORGANIZATION</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On April 23, 2019, the
Board of Directors authorized these interim condensed consolidated financial statements for issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING
POLICIES</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">These unaudited interim
condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for
the year ended December 31, 2018. These financial statements are prepared in accordance with consolidation and accounting policies
consistent with the 2018 consolidated financial statements, except for the changes described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>Adjustments related
to &quot;principal vs agent&quot; under IFRS 15 considerations for the wholesale carrier business</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">In Q3 2018, the Group reconsidered
the accounting under IFRS 15 &quot;Revenue from Contracts with Customers&quot; (adopted as of January 1, 2018), of its wholesale
carrier business to recognize 2018 revenue on a net basis as an agent rather than as a principal under the modified retrospective
transition method. Therefore the income statement for the three-month period ended March 31, 2018 have been re-presented compared
to last year's published results to net off revenue and cost of sales for an amount of $29 million, with no impact on gross profit
and cash flows, and impact on the Latin America segment only.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>New and amended IFRS
standards</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">The following changes to
standards effective for annual periods starting on January 1, 2019 have been adopted by the Group:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in; color: #1F497D">&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"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #1F497D">&bull;</FONT></TD><TD><FONT STYLE="color: #808285"><B>IFRS 16 &quot;Leases&quot;</B>. The Group had to change its accounting policies as a result
of adopting IFRS 16 <I>Leases</I>.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">On adoption,
an additional lease liability of $538 million has been recognized and the application of the new standard decreased operating expenses
by $36 million as compared to what our results would have been if we had continued to follow IAS 17 in the three months ended March
31, 2019. The impact of the adoption of the leasing standard and the new accounting policies are further explained below. The application
of this standard also affects the Group&rsquo;s depreciation, operating and financial expenses, debt and other financing and leverage
ratios. The change in presentation of operating lease expenses results in a corresponding increase in cash flows derived from operating
activities and a decline in cash flows from financing activities.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">The following new or amended standards became applicable for the current reporting period and did
not have any significant impact on the Group&rsquo;s accounting policies or disclosures and did not require retrospective adjustments.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Amendments to IFRS 9 &quot;Financial instruments&quot;</B> on prepayment
features with negative compensation.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.25in; color: #808285"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><B>&#9702;</B></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>IFRIC 23 &quot;Uncertainty over Income
Tax Treatments&quot; </B>clarifies how the recognition and measurement requirements of IAS 12 Income taxes, are applied where there
is uncertainty over income tax treatments.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in; color: #808285"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><B>&#9702;</B></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Amendments to IAS 19 &quot;Employee benefits&quot;</B> on plan
amendment, curtailment or settlement.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in; color: #808285">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&#9702;</TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Amendments to IAS 28 &quot;Investments in associates&quot;</B>
on long term interests in associates and joint ventures.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in; color: #808285"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><B>&#9702;</B></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Annual improvements 2015-2017</B></FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">The following changes to
standards, which are not expected to materially affect the Group, will be effective from January 1, 2020:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&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"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #808285"><B>Amendments to IFRS 3 - definition of a business.</B>
This amendment revises the definition of a business. The Group does not expect these amendments to have a material impact on the
consolidated financial statements. These amendments have not yet been endorsed by the EU.</FONT></TD></TR></TABLE>

<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"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #808285"><B>Amendments to IAS 1, &lsquo;Presentation of financial
statements&rsquo;, and IAS 8, &lsquo;Accounting policies, changes in accounting estimates and errors&rsquo;. </B>These amendments
have not yet been endorsed by the EU.</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING POLICIES (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>Changes in accounting
policies</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">This note explains
the impact of the adoption of IFRS 16 &quot;Leases&quot; on the Group&rsquo;s financial statements and discloses the new accounting
policies that have been applied from January 1, 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; color: #808285">The Group adopted
the standard using the modified retrospective approach with the cumulative effect of applying the new Standard recognized in retained
profits as of January&nbsp;1, 2019. Comparatives for the 2018 financial statements were not restated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; color: #1F497D">&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"><FONT STYLE="color: #1F497D">a)</FONT></TD><TD><FONT STYLE="color: #808285">Adjustments recognized on adoption of IFRS 16</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">On adoption of
IFRS 16, the Group recognized lease liabilities in relation to leases which had previously been classified as &lsquo;operating
leases&rsquo; under the principles of IAS 17 <I>Leases</I>. These liabilities were measured at the present value of the remaining
lease payments, discounted using the lessee&rsquo;s incremental borrowing rate as of January 1, 2019. The right-of-use asset was
measured at an amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments relating to
that lease recognized in the statement of financial position immediately before the date of initial application. The weighted average
lessee&rsquo;s incremental borrowing rate applied to the lease liabilities on January 1, 2019 was 12.7%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">For leases previously
classified as finance leases Millicom recognized the carrying amount of the lease asset and lease liability immediately before
transition as the carrying amount of the right of use asset and the lease liability at the date of initial application. The measurement
principles of IFRS 16 are only applied after that date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 88%; border-collapse: collapse; font-size: 10pt; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 80%; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #17365D"><B>$&nbsp;millions</B></FONT></TD>
    <TD STYLE="width: 20%; padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #17365D"><B>Operating lease commitments disclosed as at December 31, 2018</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>801</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">(Plus): Non lease components obligations</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">57</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">(Less): Short term leases recognized on a straight line basis as expense</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(3)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">(Less): Low value leases recognized on a straight line basis as expense</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(2)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">(Less): Contract included in the lease commitments but with starting date in 2019 and not part of the IFRS 16 opening balances</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(17)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">(Plus/less): Other</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(8)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #17365D"><B>Gross lease liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>828</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Discounted using the lessee's incremental borrowing rate at the date of the initial application</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(290)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #17365D"><B>Incremental lease liabilities recognized at January 1, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>538</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">(Plus): Finance lease liabilities recognized at December 31, 2018</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">353</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #17365D"><B>Lease liabilities recognized at January 1, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>891</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 3pt; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Of which are:</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 0.375in; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Current lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">45</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 0.375in; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Non-current lease liabilities</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center; padding-bottom: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">846</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING POLICIES (Continued)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">The application
of IFRS 16 affected the following items in the statement of financial position on January 1, 2019:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 92%; border-collapse: collapse; font-size: 10pt; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 52%; padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>FINANCIAL&nbsp;POSITION</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD NOWRAP STYLE="width: 12%; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As&nbsp;at&nbsp;January</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,&nbsp;2019&nbsp;before</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>application</B></FONT></TD>
    <TD NOWRAP STYLE="width: 12%; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Effect&nbsp;of</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>adoption&nbsp;of</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>IFRS&nbsp;16</B></FONT></TD>
    <TD NOWRAP STYLE="width: 12%; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As&nbsp;at&nbsp;January</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,&nbsp;2019&nbsp;after</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>application</B></FONT></TD>
    <TD NOWRAP STYLE="width: 12%; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Reason</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>for&nbsp;the</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>ASSETS</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Property,&nbsp;plant&nbsp;and&nbsp;equipment,&nbsp;net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3,041</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(307)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2,735</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>(i)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Right-of-use assets (non-current) <B>NEW</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">847</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">847</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>(ii)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Prepayments</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">129</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(4)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">125</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>(iii)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt 2pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Lease liabilities (non-current) <B>NEW</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">846</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">846</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>(iv)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Debt and other financing (non-current)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4,123</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(337)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3,786</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>(v)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Lease liabilities (current) <B>NEW</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">45</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">45</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>(iv)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 2pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Debt and other financing (current)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">458</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(16)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">442</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>(v)</I></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-right: 2pt; padding-left: 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: gray">Other current liabilities</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">494</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(2)</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">492</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>(vi)</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Transfer of previously capitalized assets under finance
leases to Right-of-Use assets.</I></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><I>(ii)</I></TD><TD STYLE="text-align: justify"><I>Initial recognition of Right-of-Use assets, transfer of previously recognized finance leases
and of lease prepayments being part of the Right-of-Use asset cost at transition.</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #808285"><I>(iii)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: gray"><I>Transfer of lease prepayments being part of the Right-of-Use asset
cost at transition.</I></FONT></TD></TR></TABLE>

<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: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #808285"><I>(iv)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #808285"><I>Initial</I></FONT><I> <FONT STYLE="color: gray">recognition of
lease liabilities and transfer of previously recognized finance lease liabilities.</FONT></I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(v)</I></TD><TD STYLE="text-align: justify"><I>Transfer of previously recognized finance lease liabilities
to new Lease liabilities accounts.</I></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="color: gray"><I>(vi)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: gray"><I>Reclassification of provisions
for onerous contracts </I></FONT><I><FONT STYLE="color: #808285">to Right-of-Use assets.</FONT></I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">The application
of IFRS 16 also impacts classifications within the statement of cash flows, segment information and EPS for the period starting
from January 1, 2019. Its application had nevertheless no significant impact on the Group's retained profits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">In applying IFRS
16 for the first time, the Group has used the following practical expedients permitted by the standard:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">the use
of a single discount rate to a portfolio of leases with reasonably similar characteristics</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">reliance
on previous assessments on whether leases are onerous</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">the accounting
for operating leases with a remaining lease term of less than 12 months as at January 1, 2019 as short-term leases</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">the exclusion
of initial direct costs for the measurement of the right-of-use asset at the date of initial application, and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">the use
of hindsight in determining the lease term where the contract contains options to extend or terminate the lease.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">The Group has
also elected not to reassess whether a contract is, or contains a lease at the date of initial application. Instead, for contracts
entered into before the transition date the group relied on its assessment made when applying IAS 17 and IFRIC 4 Determining whether
an Arrangement contains a Lease.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in; color: #1F497D">&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"><FONT STYLE="color: #1F497D">b)</FONT></TD><TD><FONT STYLE="color: #808285">Leases accounting policy applied from January 1, 2019 are as follows:</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">The Group leases
various lands, sites, towers (including those related to towers sold and leased back), offices, warehouses, retail stores, equipment
and cars. Rental contracts are typically made for fixed periods but may have extension options as described below. Lease terms
are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose
any covenants, but leased assets may not be used as security for borrowing purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">Through December
31, 2018, leases of property, plant and equipment were classified as either finance or operating leases. Payments made under operating
leases (net of any incentives received from the lessor) were charged to the statement of income on a straight-line basis over the
period of the lease.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>2. SUMMARY OF CONSOLIDATION AND ACCOUNTING POLICIES (Continued)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">From January
1, 2019, leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available
for use by the Group. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit
or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for
each period. The right-of-use asset is depreciated over the shorter of the asset's useful life and the lease term on a straight-line
basis.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">Assets and liabilities
arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following
lease payments:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">fixed
payments (including in-substance fixed payments), less any lease incentives receivable</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">variable
lease payment that are based on an index or a rate</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">amounts
expected to be payable by the lessee under residual value guarantees</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">the exercise
price of a purchase option if the lessee is reasonably certain to exercise that option, and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">payments
of penalties for terminating the lease, if the lease term reflects the lessee exercising that option.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">The lease payments
are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee&rsquo;s incremental
borrowing rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar
value in a similar economic environment with similar terms and conditions. The incremental borrowing rate applied can have a significant
impact on the net present value of the lease liability recognized under IFRS 16.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">Right-of-use
assets are measured at cost comprising the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">the amount
of the initial measurement of lease liability</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">any lease
payments made at or before the commencement date less any lease incentives received</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">any initial
direct costs, and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 68pt; text-align: justify; text-indent: -0.25in; color: #1F497D">&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: 50pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #1F497D">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">restoration
costs.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">Payments associated
with short-term leases and leases of low-value assets are recognized on a straight-line basis as an expense in the statement of
income. Short-term leases are leases with a lease term of 12 months or less. Low-value assets comprise IT-equipment and small items
of office furniture.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.25in; color: #808285">Furthermore,
the Group has taken the additional following decisions in adopting the standard:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in; color: #1F497D">&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: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #1F497D">&#9702;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #808285">Non-lease components are capitalized (IFRS16.15)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in; color: #1F497D">&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: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #1F497D">&#9702;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #808285">Intangible assets are out of IFRS 16 scope (IFRS16.4)</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">According to
the new Standard, lease term is defined as the non-cancellable period for which a lessee has the right to use an underlying asset,
together with both: (a) periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option;
and (b) periods covered by an option to terminate if the lessee is reasonably certain not to exercise that option. The assessment
of such options is performed at the commencement of a lease. As part of the assessment, Millicom introduced the 'time horizon concept':
the reasonable term under which the company expects to use a leased asset considering economic incentives, management decisions,
business plans and the fast-paced industry Millicom operates in. The assessment must be focused on the economic incentives for
Millicom to exercise (or not) an option to early terminate/extend a contract. The Group has decided to work on the basis the lessor
will generally accept a renewal/not early terminate a contract, as there is an economic incentive to maintain the contractual relationship.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">Millicom considered
the specialized nature of most of its assets under lease, the low likelihood the lessor can find a third party to substitute Millicom
as a lessee and past practice to conclude that, pending clarification from IFRIC, the lease term can go beyond the notice period
when there is more than an insignificant penalty for the lessor not to renew the lease. This analysis requires judgment by the
management of Millicom and has a significant impact on the lease liability recognized under IFRS 16.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: #808285">Under IFRS 16,
the accounting of sale and leaseback transactions has changed as the underlying sale transaction needs to be firstly analyzed using
the guidance of IFRS 15. The seller/lessee recognizes a right-of-use asset in the amount of the proportional original carrying
amount that relates to the right of use retained. Accordingly, only the proportional amount of gain or loss from the sale must
be recognized. The impact from sale and leaseback transactions was not material for Millicom Group as of the date of initial application.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660; text-align: justify"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Acquisitions 2019</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On February 20, 2019, MIC
S.A., Telefonica Centroamerica and Telefonica S.A. entered into 3 separate stock purchase agreements (the &ldquo;Telefonica CAM
Acquisitions&rdquo;) pursuant to which, subject to the terms and conditions contained therein, Millicom agreed to purchase 100%
of the shares of Telefonica Moviles Panama, S.A., a company incorporated under the laws of Panama, from Telefonica Centroamerica
(the &ldquo;Panama Acquisition&rdquo;), 100% of the shares of Telefonica de Costa Rica TC, S.A., a company incorporated under the
laws of Costa Rica, from Telefonica (the &ldquo;Costa Rica Acquisition&rdquo;) and 100% of the shares of Telefonia Celular de Nicaragua,
S.A., a company incorporated under the laws of Nicaragua, from Telefonica Centroamerica (the &ldquo;Nicaragua Acquisition&rdquo;).
The Telefonica CAM Acquisitions Stock Purchase Agreements contain customary representations and warranties and termination provisions.
Consummation of the Telefonica CAM Acquisitions is subject to regulatory approvals and the absence of legal impediments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">The aggregate purchase
price for the Telefonica CAM Acquisitions is $1.65 billion, subject to potential purchase price adjustments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Acquisitions 2018</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285; text-align: justify">On October 7, 2018, the Company signed an agreement
to acquire a controlling 80% stake in Cable Onda, the largest cable and fixed telecommunications services provider in Panama. The
selling shareholders retained a 20% equity stake in the company. The transaction closed on December 13, 2018 after receipt of necessary
approvals, for a cash consideration of $956 million. Millicom concluded that it controls Cable Onda since closing date and therefore
fully consolidates it in its financial statements with a 20% non-controlling interest. The deal also includes certain liquidity
rights such as call and put options which are further detailed in the audited consolidated financial statements for the year ended
December 31, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285; text-align: justify">For the purchase accounting, Millicom determined
the fair value of Cable Onda's identifiable assets and liabilities based on transaction and relative values. The non-controlling
interest was measured based on the proportionate share of the fair value of the net assets of Cable Onda. The purchase accounting
is still provisional at March&nbsp;31, 2019, particularly in respect of the evaluation of certain tangible assets and tax contingencies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-indent: -23pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 80%; border-top: gray 1pt solid; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 20%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Provisional&nbsp;fair&nbsp;values</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(100%)</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>($&nbsp;millions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Intangible&nbsp;assets&nbsp;(excluding&nbsp;goodwill),net(i)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">673</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Property,&nbsp;plant&nbsp;and&nbsp;equipment,&nbsp;net</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">348</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Current assets (excluding cash)(ii) (iii)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">54</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash and cash equivalents</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">12</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total assets acquired</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,088</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Non-current liabilities(iv)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">422</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Current liabilities(v)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">141</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total liabilities assumed</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>563</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Fair value of assets acquired and liabilities assumed, net</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">525</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Transaction costs assumed by Cable Onda (vi)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">30</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Fair value of non-controlling interest in Cable Onda (20%)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">111</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Millicom&rsquo;s interest in the fair value of Cable Onda (80%)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">444</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Acquisition price</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">956</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Provisional Goodwill</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>512</B></FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Intangible assets not previously recognized (or partially recognized as a result of previous acquisitions) are trademarks
for an amount of $280 million, with estimated useful lives of 3 years, a customer list for an amount of $370 million, with estimated
useful life of 20 years and favorable content contracts for $19 million, with a useful life of 10 years.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-indent: -23pt; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(ii)</I></TD><TD STYLE="text-align: justify"><I>Current assets include indemnification assets for tax contingencies at fair value for an amount of $4 million &ndash; see
below.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-indent: -23pt; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(iii)</I></TD><TD><I>The fair value of trade receivables acquired was $34 million.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-indent: -23pt; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(iv)</I></TD><TD><I>Non-current liabilities include the deferred tax liability of $158 million resulting from the above adjustments.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660; text-align: justify"><B>3. ACQUISITION AND DISPOSAL OF SUBSIDIARIES,
JOINT VENTURES, ASSOCIATES AND OTHER NON-CONTROLLING INTERESTS (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-indent: -23pt; color: #808285; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(v)</I></TD><TD STYLE="text-align: justify"><I>Current liabilities include the fair value of certain tax contingent liabilities of $5 million. These are partly covered
by the indemnification assets described in (ii) above.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt; text-indent: -23pt; color: #808285"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt"><I>(vi)</I></TD><TD STYLE="text-align: justify"><I>Transaction costs of $30 million have been assumed and paid by Cable Onda before the acquisition or by Millicom on the closing
date. As they related to the acquisition, these costs have been accounted for as post-acquisition costs in the Millicom Group income
statement. These, together with acquisition-related costs of $11 million, have been recorded under operating expenses in the income
statement of the year.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Disposals 2019</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285; text-align: justify">On March 14, 2019, Millicom signed an agreement
for the sale of its entire operations in Chad to Maroc Telecom. The completion of the transaction is subject to the approval of
the Chadian authorities. The assets and liabilities of the business have yet to be classified as assets held for sale, and the
results yet to be classified as discontinued operations, as completion of the transaction remains subject to the approval of the
Chadian authorities.</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; color: #000660"><B>4. DISCONTINUED OPERATIONS AND ASSETS HELD
FOR SALE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Summary</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">Financial information relating
to the discontinued operations for the three-month periods ended March&nbsp;31, 2019 and March&nbsp;31, 2018 are set out below.
Figures shown below are after inter-company eliminations.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 60%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Results&nbsp;from&nbsp;Discontinued&nbsp;Operations&nbsp;($&nbsp;millions)</B></FONT></TD>
    <TD NOWRAP STYLE="width: 20%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three&nbsp;Months</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Ended&nbsp;March&nbsp;31,</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 20%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three&nbsp;Months</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Ended March&nbsp;31,&nbsp;</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Revenue</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">48</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cost&nbsp;of&nbsp;sales</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(16)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Operating expenses</FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(20)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other operating income (expenses), net</FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(10)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Gain/(loss) on disposal of discontinued operations</FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(32)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Operating profit (loss)</B></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>(30)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest income (expense), net</FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Profit (loss) before taxes</B></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>(32)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Net profit (loss) from discontinued operations</B></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>&mdash;</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>(32)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 60%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Cash&nbsp;Flows&nbsp;from&nbsp;Discontinued&nbsp;Operations&nbsp;($&nbsp;millions)</B></FONT></TD>
    <TD NOWRAP STYLE="width: 20%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three&nbsp;Months&nbsp;Ended</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>March&nbsp;31,&nbsp;2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 20%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three&nbsp;Months&nbsp;Ended</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>March&nbsp;31,&nbsp;2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash&nbsp;from&nbsp;(used&nbsp;in)&nbsp;operating&nbsp;activities,&nbsp;net</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(2)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash from (used in) investing activities, net</FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">(4)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash from (used in) financing activities, net</FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Net cash inflows/(outflows)</FONT> </TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #1F497D">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>(7)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #000660"><B>4. DISCONTINUED OPERATIONS
AND ASSETS HELD FOR SALE (Continued)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Tower Sale and Leasebacks</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">In 2017 and 2018, the Group
announced agreements to sell and leaseback wireless communications towers in Paraguay, Colombia and El Salvador. The table below
summarizes the main aspects of these deals and impacts on the Group financial statements:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Paraguay</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Colombia</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>El Salvador</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Agreement date</FONT> </TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">April&nbsp;26, 2017</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">July&nbsp;18, 2017</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">February&nbsp;6, 2018</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Total number of towers expected to be sold</FONT> </TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1,410</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1,207</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">811</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Total number of towers transferred to March 31, 2019</FONT> </TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1,307</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">932</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">547</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 55%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Expected total cash proceeds ($ millions)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; width: 15%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">125</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">147</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">145</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash proceeds received in 2017 ($ millions)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">75</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">86</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash proceeds received in 2018 ($ millions)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">41</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">26</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">74</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cash proceeds received in 2019 ($ millions)-as of March 31</FONT> </TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Upfront gain on sale recognized in 2017 ($ millions)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">26</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">37</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Upfront gain on sale recognized in 2018 ($ millions)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">15</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">13</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">32</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #828282 2.25pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Upfront gain on sale recognized in 2019 ($ millions)-as of March 31</FONT> </TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #828282 2.25pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 2.25pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 2.25pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 2.25pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 2.25pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 2.25pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Assets held for sale
and liabilities directly associated with assets held for sale</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">The following table summarizes
the nature of the assets and liabilities still reported under assets held for sale and liabilities directly associated with assets
held for sale as at March&nbsp;31, 2019 and December 31, 2018:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Assets&nbsp;and&nbsp;liabilities&nbsp;reclassified&nbsp;as&nbsp;held&nbsp;for&nbsp;sale&nbsp;($&nbsp;millions)</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>As&nbsp;at&nbsp;March&nbsp;31,&nbsp;<BR>
2019</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: gray 1pt solid; padding-top: 1pt; padding-right: 3pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>As&nbsp;at&nbsp;December&nbsp;31,</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Towers&nbsp;Paraguay</FONT> </TD>
    <TD STYLE="width: 20%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 1pt; padding-bottom: 1pt; width: 20%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Towers Colombia</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Towers El Salvador</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Towers Zantel</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Others</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total assets of held for sale</B></FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>6</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>3</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Towers Paraguay</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total liabilities directly associated with assets held for sale</B></FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #808285">&mdash;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Net assets held for sale / book value</B></FONT> </TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>6</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>3</B></FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5pt">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>5. SEGMENT INFORMATION</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">Management determines operating
and reportable segments based on information used by the chief operating decision maker (CODM) to make strategic and operational
decisions from both a business and geographic perspective. The Group&rsquo;s risks and rates of return are predominantly affected
by operating in different geographical regions. The Group has businesses in two main regions: Latin America (&ldquo;Latam&rdquo;)
and Africa. The Latam figures below include Honduras and Guatemala as if they are fully consolidated by the Group, as this reflects
the way management reviews and uses internally reported information to make decisions. Honduras and Guatemala are shown under the
Latam segment. The joint venture in Ghana is not reported as if fully consolidated.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">Revenue, operating profit
(loss), EBITDA and other segment information for the periods ended March&nbsp;31, 2019 and March&nbsp;31, 2018, are as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 40%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three&nbsp;months&nbsp;ended&nbsp;March&nbsp;31,&nbsp;2019&nbsp;($</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>millions)</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Latin</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>America</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Africa</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Unallocated</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Guatemala</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>and</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Honduras</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(vii)</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Eliminations</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>and</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>transfers</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Mobile&nbsp;revenue</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">778</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">120</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(368)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">531</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cable&nbsp;and&nbsp;other&nbsp;fixed&nbsp;services&nbsp;revenue</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">541</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">3</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(67)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">478</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other revenue</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">12</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">11</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Service revenue <I>(i)</I></B></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">1,331</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">124</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(435)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">1,020</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Telephone and equipment revenue <I>(i)</I></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">95</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(49)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">45</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total Revenue</B></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,426</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>124</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(485)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,065</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Operating profit (loss)</B></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>256</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>8</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(7)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(136)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>44</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>165</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>Add back:</I></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Depreciation and amortization</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">338</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">31</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(109)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">262</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(44)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(44)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other operating income (expenses), net</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(3)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>EBITDA <I>(ii)</I></B></FONT> </TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>591</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>39</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(5)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(247)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>377</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">EBITDA from discontinued operations</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>EBITDA incl discontinued operations</B></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>591</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>39</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(5)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(247)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>377</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Capital expenditure <I>(iii)</I></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(305)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(10)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">77</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(241)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Changes in working capital and others <I>(iv)</I></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(86)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(6)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(30)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(10)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(132)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Taxes paid</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(23)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(3)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">1</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">22</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(3)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Operating free cash flow <I>(v)</I></B></FONT> </TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>177</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>19</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(37)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(158)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total Assets <I>(vi)</I></B></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>12,533</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>943</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3,314</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(5,611)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3,417</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>11,356</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total Liabilities</B></FONT> </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>6,797</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,024</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3,547</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(2,127)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>537</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>8,535</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>5. SEGMENT INFORMATION (Continued)</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 40%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three&nbsp;months&nbsp;ended&nbsp;March&nbsp;31,&nbsp;2018&nbsp;($</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>millions)</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Latin</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>America</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Africa</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Unallocated</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Guatemala</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>and</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Honduras</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>(vii)</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Eliminations</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>and</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>transfers</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Mobile&nbsp;revenue</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">806</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">129</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(370)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">565</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cable&nbsp;and&nbsp;other&nbsp;fixed&nbsp;services&nbsp;revenue</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">442</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">3</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(58)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">387</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other revenue</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">11</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(1)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">11</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><B>Service revenue <I>(i)</I></B></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">1,259</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">134</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(430)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">963</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Telephone and equipment revenue <I>(i)</I></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">94</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(44)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">50</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total Revenue</B></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,353</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>134</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(474)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,013</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Operating profit (loss)</B></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>229</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>8</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(116)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>39</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>160</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285"><I>Add back:</I></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Depreciation and amortization</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">288</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">27</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">1</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(110)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">207</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Share of profit in joint ventures in Guatemala and Honduras</FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(39)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(39)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other operating income (expenses), net</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(3)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>EBITDA <I>(ii)</I></B></FONT> </TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>514</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>37</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(227)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>327</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">EBITDA from discontinued operations</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">12</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">12</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>EBITDA incl discontinued operations</B></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>514</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>49</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(227)</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>339</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Capital expenditure <I>(iii)</I></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(245)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(21)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">60</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(206)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Changes in working capital and others <I>(iv)</I></FONT> </TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(66)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">5</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(25)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">15</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(71)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Taxes paid</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(36)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(2)</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">24</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(14)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Operating free cash flow <I>(v)</I></B></FONT> </TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>164</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>31</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(20)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(128)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>&mdash;</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>47</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total Assets <I>(vi)</I></B></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>10,699</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,421</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>568</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(5,569)</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>3,382</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>10,501</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total Liabilities</B></FONT> </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>5,658</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,583</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>1,419</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(1,905)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>453</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>7,208</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(i)</I></TD><TD STYLE="text-align: justify"><I>Service revenue is Group revenue related to the provision of ongoing services such as monthly
subscription fees, airtime and data usage fees, interconnection fees, roaming fees, mobile finance service commissions and fees
from other telecommunications services such as data services, SMS and other value-added services excluding telephone and equipment
sales. Revenues from other sources comprises rental, sub-lease rental income and other non-recurrent revenues. The Group derives
revenue from the transfer of goods and services over time and at a point in time. Refer to the table below.</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(ii)</I></TD><TD STYLE="text-align: justify"><I>EBITDA is operating profit excluding impairment losses, depreciation and amortization and gains/losses
on the disposal of fixed assets. EBITDA is used by the management to monitor the segmental performance and for capital management.</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(iii)</I></TD><TD STYLE="text-align: justify"><I>Excluding spectrum and licenses of $7 million (2018:
$48 million) and cash received on tower deals of $7 million (2018: $11 million).</I></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(iv)</I></TD><TD STYLE="text-align: justify"><I>&lsquo;Changes in working capital and others&rsquo; include changes in working capital as stated
in the cash flow statement as well as share based payments expense and non-cash bonuses.</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><I>(v)</I></TD><TD STYLE="text-align: justify"><I>Operating Free Cash Flow is EBITDA less capex (excluding spectrum and license costs) less change
in working capital, other non-cash items (share-based payment expense and non-cash bonuses) and taxes paid.</I></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(vi)</I></TD><TD STYLE="text-align: justify"><I>Segment assets include goodwill and other intangible
assets.</I></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #808285"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><I>(vii)</I></TD><TD STYLE="text-align: justify"><I>Including eliminations for Guatemala and Honduras as
reported in the Latin America segment.</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt; text-align: right"><IMG SRC="tv520546_img1.jpg" ALT="">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>5. SEGMENT INFORMATION (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><I>Revenue from contracts with customers from
continuing operations</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Gray 1pt solid; border-right: Gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three months ended March 31, </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>2019</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three months ended March 31, </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 34%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>$ millions</B></FONT></TD>
    <TD NOWRAP STYLE="width: 12%; padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #000660"><B>Timing of </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; color: #000660"><B>revenue<BR>
        recognition</B></P></TD>
    <TD NOWRAP STYLE="width: 9%; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Latin </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>America</B></FONT></TD>
    <TD NOWRAP STYLE="width: 9%; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Africa</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 9%; border-right: Gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Group</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 9%; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Latin </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>America</B></FONT></TD>
    <TD NOWRAP STYLE="width: 9%; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Africa</B></FONT></TD>
    <TD NOWRAP STYLE="width: 9%; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Group</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Mobile</FONT> </TD>
    <TD STYLE="padding-right: 3pt; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Over time</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">402</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">93</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center; border-right: Gray 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">495</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">428</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">103</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">530</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Mobile Financial Services</FONT> </TD>
    <TD STYLE="padding-right: 3pt; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Point in time</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">8</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">27</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center; border-right: Gray 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">35</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">8</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">27</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">34</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Cable and other fixed services</FONT> </TD>
    <TD STYLE="padding-right: 3pt; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Over time</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">475</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center; border-right: Gray 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">478</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">384</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">387</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other</FONT> </TD>
    <TD STYLE="padding-right: 3pt; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Over time</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">11</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center; border-right: Gray 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">12</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">10</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">2</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Service Revenue</B></FONT> </TD>
    <TD STYLE="padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>896</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>124</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center; border-right: Gray 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>1,020</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>829</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>134</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>963</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Telephone and equipment</FONT> </TD>
    <TD STYLE="padding-right: 3pt; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Point in time</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">45</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center; border-right: Gray 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">45</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">49</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">50</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Revenue from contracts with customers</B></FONT> </TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>942</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>124</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center; border-right: Gray 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>1,065</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>879</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>134</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>1,013</B></FONT></TD></TR>
</TABLE>
<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; color: #000660"><B>6. OTHER NON-OPERATING (EXPENSES) INCOME,
NET</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The Group&rsquo;s other non-operating (expenses)
income, net comprised the following:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 96%; border-collapse: collapse; font-size: 10pt; margin-left: 0.25in">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 62%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD NOWRAP STYLE="width: 19%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three&nbsp;Months&nbsp;Ended</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March&nbsp;31,&nbsp;2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 19%; border-top: gray 1pt solid; padding: 1pt 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Three&nbsp;Months Ended</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>March&nbsp;31,
        2018</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Exchange&nbsp;gains&nbsp;(losses),&nbsp;net</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">11</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">27</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other non-operating income (expenses), net</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">1</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total</B></FONT> </TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>12</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>27</B></FONT></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; color: #000660"><B>7. EARNINGS PER COMMON SHARE</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">Earnings per common share
(EPS) attributable to owners of the Company are comprised as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 60%; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: top; width: 20%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March 31, 2019</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: top; width: 20%; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>March 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Basic and Diluted</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Net profit attributable to owners of the Company from continuing operations</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">50</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Net profit (loss) attributable to owners of the Company from discontinuing operations</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(32)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #00245D 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Net profit attributable to owners of the Company used to determine the earnings per share</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center; border-bottom: rgb(0,36,93) 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center; border-bottom: rgb(0,36,93) 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">17</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; border-bottom: Gray 1pt solid">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt; border-bottom: Gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>in thousands</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Weighted average number of ordinary shares for basic and diluted earnings per share</B></FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>101,022</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>100,744</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>$</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Basic and diluted</B></FONT></TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD>
    <TD STYLE="padding: 1pt 3pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">- EPS from continuing operations attributable to owners of the Company</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">0.14</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">0.49</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">- EPS from discontinuing operations attributable to owners of the Company</FONT> </TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(0.32)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">- EPS for the period attributable to owners of the Company</FONT> </TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">0.14</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">0.17</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>8. PROPERTY, PLANT AND EQUIPMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">During the three-month
period ended March&nbsp;31, 2019, Millicom added property, plant and equipment for $112 million (March&nbsp;31, 2018: $106 million)
and received $9 million in cash from disposal of property, plant and equipment (March&nbsp;31, 2018: $12 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>9. INTANGIBLE ASSETS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">During the three-month
period ended March&nbsp;31, 2019, Millicom added intangible assets of $26 million (March&nbsp;31, 2018: $64 million) and did not
receive any proceeds from disposal of intangible assets (March&nbsp;31, 2018: nil).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>10. DEBT AND FINANCING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>MICSA</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On February 20, 2019, MIC
S.A. entered into a $1.65 billion term loan facility agreement with a consortium of banks (the &ldquo;Telefonica Bridge Facility&rdquo;),
subsequently reduced to $1.05 billion in April 2019. The Telefonica Bridge Facility is available to be drawn from the date of the
Telefonica Bridge Facility to and including the earlier of (i) March 1, 2020 and (ii) the date the Telefonica Bridge Facility is
terminated. The Telefonica Bridge Facility matures on the date following twelve months after the date of the Telefonica Bridge
Facility (unless extended for a period not exceeding six months). Interest on amounts drawn under the Telefonica Bridge Facility
is payable at LIBOR plus a variable margin. Amounts drawn under the Telefonica Bridge Facility may be used by MIC S.A. to (i) pay
the purchase price for the Telefonica CAM Acquisitions, (ii) refinance the debts of any member of the Telefonica CAM group and/or
(iii) pay any costs, fees, interests or other expenses in connection with the Telefonica CAM Acquisitions or the Telefonica Bridge
Facility. On signature date, Millicom recorded structuring and syndication fees for a total amount of $12 million under 'Interest
expense'.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On March 25, 2019, the
MIC S.A. issued a $750 million 6.25% senior notes due 2029. The Notes bear interest at 6.25% p.a., payable semi-annually in arrears
on March 25 and September 25 of each year, starting on September 25, 2019. It will use the net proceeds of the Notes to finance,
in part, the Telefonica CAM Acquisitions (see note 3). Costs of issuance of $8 million are amortized over the ten-year life of
the notes (the effective interest rate is 6.36%). Pending the consummation of any Telefonica CAM Acquisition and the satisfaction
of certain other conditions, $500 million of the gross proceeds of the offering of the Notes have been deposited into a segregated
escrow account, in the name of Millicom. These are shown under 'Cash in escrow' in the statement of financial position. The remainder
of the Notes, that is $250 million, has been delivered to the Company on the date of issuance. Additionally, and upon the occurrence
of certain events, including that none of the Telefonica CAM Acquisitions has been consummated by June 30, 2020, Notes in an aggregate
principal amount equal to $500 million would be subject to a special mandatory redemption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On March 26, 2019, the
Group announced that it will solicit consents from the holders of its $500 million 6% Senior Notes due 2025 (the &ldquo;Notes&rdquo;)
to amend certain provisions of the indenture governing the Notes. It will pay a cash payment equal to $2.50 per $1,000 principal
amount of Notes (the &ldquo;Consent Consideration&rdquo;) to holders of the Notes for which consents to the proposed amendments
have been validly delivered on April 3, 2019.&nbsp; The consent has been obtained early April 2019 and amount paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Paraguay</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">In January 2019, Telecel
obtained a seven-year loan from BBVA Bank for PYG 117,000 million (approximately $20 million), denominated in Paraguayan guaranies
(&ldquo;PYG&rdquo;) which bears a fixed annual interest rate of 8.94%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On March 27, 2019, Telecel
announced that it commenced a cash tender offer for any and all of its $300 million 6.75% Senior Notes due 2022 (the &ldquo;Telecel
2022 Notes&rdquo;) at a redemption price of 102.530%. The tender offer expired on April 2, 2019 and $244 million out of the $300
million Telcel 2022 Notes were accepted for early redemption for a cash payment of $255 million including an early redemption premium
of $6 million. The remaining $56 million Telecel 2022 Notes were repurchased on April 5, 2019 at a redemption price of 102.25%,
or $57 million, including a redemption premium of $1 million. As the amount of the repurchase was able to be estimated at March
31, 2019, the $7 million premium and $3 million of related unamortized costs were included as financial expenses in the statement
of income in the three-month period ended March 31, 2019 and the Notes were disclosed in current liabilities as at March 31, 2019.
Telecel will be making the cash payments in April and May 2019.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On April 8, 2019, Telecel
issued a $300 million 5.875% senior notes due 2027 (the &ldquo;Telecel 2027 Notes&rdquo;). The Telecel 2027 Notes bear interest
at 5.875% p.a., payable semi-annually in arrears on April 15 and October 15 of each year, starting on October 15, 2019. The net
proceeds of the Telecel 2027 Notes are being used to finance the purchase of the Telecel 2022 Notes (see above).</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>10. DEBT AND FINANCING (Continued)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Analysis of debt
and other financing by maturity</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">The total amount of debt
and financing is repayable as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As at March 31, 2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As at December 31, </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018(i)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Due within:</FONT> </TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 60%; padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">One year</FONT></TD>
    <TD STYLE="vertical-align: top; width: 20%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">575</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 20%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">458</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">One-two years</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">258</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">338</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Two-three years</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">142</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">403</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Three-four years</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">330</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">570</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Four-five years</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">515</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">468</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 9pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">After five years</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">2,958</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">2,345</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total debt and financing</B></FONT> </TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>4,777</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>4,580</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
at December 31, 2018, Debt and financing included finance lease liabilities of $353 million. As at March 31, 2019, and as a result
of the application of IFRS 16, these are now shown under Lease liabilities in the statement of financial position and therefore
excluded from the table above in 2019.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">As at March&nbsp;31, 2019,
the Group's share of total debt and financing secured by either pledged assets, pledged deposits issued to cover letters of credit
or guarantees issued was $612 million (December 31, 2018: $626 million). Assets pledged by the Group for these debts and financings
amounted to $501 million at March&nbsp;31, 2019 (December 31, 2018: $2 million).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">The table below describes
the outstanding and maximum exposure under these guarantees and the remaining terms of the guarantees as at March&nbsp;31, 2019
and December 31, 2018.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; padding: 1pt 3pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Bank and financing guarantees (i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As at March 31, 2019</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As at December 31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 7pt; text-indent: -7pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B><U>Terms</U></B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Outstanding</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>exposure</B></P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Theoretical
maximum<BR>
 exposure</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Outstanding </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>exposure</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #003A66"><B>Theoretical
maximum<BR>
 exposure</B></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 28%; padding: 1pt 2pt 1pt 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">0-1&nbsp;year</FONT> </TD>
    <TD STYLE="vertical-align: bottom; width: 18%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">189</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 18%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">189</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 18%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">133</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 18%; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">133</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1-3&nbsp;years</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">211</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">211</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">281</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">281</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3-5&nbsp;years</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">212</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">212</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">212</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">212</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">More than 5&nbsp;years</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 7pt; text-indent: -7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total</B></FONT> </TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>612</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>612</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>626</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: center; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>626</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
non-payment by the obligor, the guarantee ensures payment of outstanding amounts by the Group's guarantor.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The Group&rsquo;s interest and other financial
expenses comprised the following:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three Months Ended March </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>31, 2019</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Three Months Ended March </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>31, 2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 60%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest expense on bonds and bank financing</FONT> </TD>
    <TD STYLE="vertical-align: top; width: 20%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(77</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 20%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(56</FONT></TD>
    <TD STYLE="vertical-align: top; width: 0%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Interest expense on leases</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(37</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(20</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Loan redemption charges</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(7</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(19</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(8</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000660"><B>Total</B></FONT> </TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #1F497D"><B>(140</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #1F497D"><B>)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #1F497D"><B>(85</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #1F497D"><B>)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt; text-align: right"><IMG SRC="tv520546_img1.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>11. COMMITMENTS AND CONTINGENCIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Litigation &amp; claims</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">The Company and its operations
are contingently liable with respect to lawsuits, legal, regulatory, commercial and other legal risks that arise in the normal
course of business. As at March&nbsp;31, 2019, the total amount of claims and litigation risks against Millicom and its operations
was $389 million, of which $9 million related to its share in joint ventures (December 31, 2018: $687 million, of which $5 million
related to its share in joint ventures).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">As at March&nbsp;31, 2019,
$24 million has been provided for these risks in the consolidated statement of financial position (December 31, 2018: $26 million).
The Group&rsquo;s share of provisions made by the joint ventures was $4 million (December 31, 2018: $4 million). While it is not
possible to ascertain the ultimate legal and financial liability with respect to these claims and risks, the ultimate outcome is
not anticipated to have a material effect on the Group&rsquo;s financial position and operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Improper filing of shareholding in MIC
Tanzania Public Limited Company</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">In June 2016, Millicom
was served with claims by a third party seeking to exert rights as a shareholder of MIC Tanzania Public Limited Company (Tigo Tanzania).
In June 2015, Millicom identified that an incorrect filing related to Tigo Tanzania had been made in the commercial register, causing
the register to incorrectly indicate that shares in the local subsidiary were owned by this third party. On July 26, 2018, the
Court of Appeal of Tanzania, the country&rsquo;s highest court, reaffirmed in a ruling that Tigo Tanzania remains owned and controlled
by Millicom. Late 2018, the third party in question has filed for a review of the ruling by the same Court of Appeals, which already
ruled in our favor. Millicom considers the success of this review as remote and therefore continues to control and fully consolidate
Tigo Tanzania.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Ongoing investigation
by the International Commission Against Impunity in Guatemala (CICIG)</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On July 14, 2017, the CICIG
disclosed an ongoing investigation into alleged illegal campaign financing that includes a competitor of Comcel, our Guatemalan
joint venture. The CICIG further indicated that the investigation would include Comcel. On November 23 and 24, 2017, Guatemala's
attorney general and CICIG executed search warrants on the offices of Comcel. As at March&nbsp;31, 2019, the matter is still under
investigation, and Management has not been able to assess the potential impact on these interim condensed consolidated financial
statements of any remedial actions that may need to be taken as a result of the investigations, or penalties that may be imposed
by law enforcement authorities. Accordingly, no provision has been recorded as of March&nbsp;31, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285"><B><I>Taxation</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">At March&nbsp;31, 2019,
the Group estimates potential tax claims amounting to $271 million. Tax risks amounting to $41 million have been assessed as probable
and recorded as tax provisions (December 31, 2018: claims amounting to $254 million and provisions of $47 million). Out of these
potential claims and provisions, respectively $33 million and $2 million relate to Millicom&rsquo;s share in joint ventures (December
31, 2018: claims amounting to $29 million and provisions of $2 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Capital commitments</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">At March&nbsp;31, 2019,
the Company and its subsidiaries and joint ventures had fixed commitments to purchase network equipment, land and buildings, other
fixed assets and intangible assets of $193 million of which $172 million are due within one year (December 31, 2018: $154 million
of which $126 million are due within one year). Out of these commitments, respectively $76 million and $67 million related to Millicom&rsquo;s
share in joint ventures (December 31, 2018: $66 million and $56 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>12. RELATED PARTY TRANSACTIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">The following transactions were conducted with
related parties during the three-month periods ended March&nbsp;31, 2019 and March&nbsp;31, 2018:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended March 31, </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended March 31, </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Expenses</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 60%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Purchases of goods and services from Miffin</FONT> </TD>
    <TD STYLE="vertical-align: top; width: 19%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(50</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 19%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(41</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Purchases of goods and services from EPM</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(10</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(10</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Lease of towers and related services from HTA</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(1</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(7</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other expenses</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(1</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total</B></FONT> </TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(61</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>(58</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 22 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt; text-align: right"><IMG SRC="tv520546_img1.jpg" ALT="">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>12. RELATED PARTY TRANSACTIONS (Continued)</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Three Months Ended March 31, </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #003A66"><B>Three
Months Ended March 31,<BR>
 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Income / gains</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 60%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Sale of goods and services to Miffin</FONT> </TD>
    <TD STYLE="vertical-align: bottom; width: 19%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">73</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 19%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">68</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Sale of goods and services to EPM</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other income / gains</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">&mdash;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total</B></FONT> </TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>76</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>73</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">As at March&nbsp;31, 2019
and December 31, 2018, the Group had the following balances with related parties:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As at March 31, <BR>
2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As at December 31, </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Liabilities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 60%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Payables to Guatemala joint venture (i)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; width: 19%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">361</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 19%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">315</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Payables to Honduras joint venture (i)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">150</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">143</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Payables to EPM</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">14</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other accounts payable</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">8</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">9</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Sub-total</B></FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>525</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>482</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Lease liabilities to HTA (ii)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">98</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">99</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total</B></FONT> </TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>623</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>580</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="color: #1F497D"><I>(i)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #808285"><I>Amount payable mainly consist
of dividend advances for which dividends are expected to be declared later in 2019 and/or shareholder loans.</I></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="color: #1F497D"><I>(ii)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #808285"><I>Disclosed under &ldquo;Lease
liabilities&rdquo; in the statement of financial position.</I></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><I>&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As at March 31, <BR>
2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As at December 31, </B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Assets</B></FONT> </TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 60%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Receivables from Guatemala and Honduras joint ventures</FONT> </TD>
    <TD STYLE="vertical-align: bottom; width: 19%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">19</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 19%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">20</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Receivables from EPM</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">4</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">5</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Advance payments to Helios Towers Tanzania</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">6</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Receivable from AirtelTigo Ghana (i)</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">41</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">41</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Other accounts receivable</FONT> </TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">3</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">1</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Total</B></FONT> </TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>73</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>73</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: gray 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="color: #1F497D"><I>(i)</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #808285"><I>Disclosed under &lsquo;Other
non-current assets&rsquo; in the statement of financial position.</I></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>13. FINANCIAL INSTRUMENTS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">Other than the items disclosed
below, the fair values of financial assets and financial liabilities approximate their carrying values as at March&nbsp;31, 2019
and December 31, 2018:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: gray 1pt solid; padding-right: 2pt; padding-left: 3pt; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$&nbsp;millions</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Carrying&nbsp;Value</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Fair&nbsp;Value&nbsp;(i)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 3pt; padding-top: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As&nbsp;at&nbsp;March&nbsp;31,</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As&nbsp;at&nbsp;December</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>31,&nbsp;2018(ii)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As&nbsp;at&nbsp;March&nbsp;31,</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: gray 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>As&nbsp;at&nbsp;December</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>31,&nbsp;2018(ii)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 2pt; padding-left: 3pt; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Financial liabilities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; padding-top: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; padding-top: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; padding-top: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 3pt; padding-top: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 36%; border-bottom: gray 1pt solid; padding-right: 2pt; padding-left: 3pt; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Debt and financing</FONT> </TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">4,778</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-bottom: gray 1pt solid; padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">4,580</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-bottom: gray 1pt solid; padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">4,601</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-bottom: gray 1pt solid; padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-bottom: gray 1pt solid; text-align: right; padding-top: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">4,418</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-bottom: gray 1pt solid; padding-top: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D"><I></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #1F497D"><I>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><I>&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="color: #808285">Fair
values are measured with reference to Level 1 (for listed bonds) or 2.</FONT></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
at December 31, 2018, Debt and financing included carrying value of finance lease liabilities of $353 million. As at March 31,
2019, and as a result of the application of IFRS 16, these are now shown under Lease liabilities in the statement of financial
position and therefore excluded from the table above in 2019.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Derivative financial
instruments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #808285">There are no derivative financial instruments
with a significant fair value at March&nbsp;31, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>14. INVESTMENTS IN JOINT VENTURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">Joint ventures are businesses
over which Millicom exercises joint control as decisions over the relevant activities of each, such as the ability to upstream
cash from the joint ventures, require unanimous consent of shareholders. Millicom determines the existence of joint control by
reference to joint venture agreements, articles of association, structures and voting protocols of the board of directors of those
ventures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; color: #808285">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">At March&nbsp;31, 2019,
the equity accounted net assets of our joint ventures in Guatemala, Honduras and Ghana totaled $3,484 million (December 31, 2018:
$3,405 million). These net assets do not necessarily represent statutory reserves available for distribution as these include consolidation
adjustments (such as goodwill and previously unrecognized assets and assumed liabilities recognized as part of the purchase accounting).
Out of these reserves, $133 million (December 31, 2018: $133 million) represent statutory reserves that are unavailable to be distributed
to the Group. During the period ended March&nbsp;31, 2019, Millicom&rsquo;s joint ventures paid $51 million (December 31, 2018:
$243 million) as dividends or dividend advances to the Company.</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="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: gray 1pt solid; padding: 1pt 2pt 1pt 3pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: top; border-top: gray 1pt solid; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2019</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 3pt; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>$ millions</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Guatemala</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Honduras</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding: 1pt 3pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Ghana (i)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 43%; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Opening balance at January 1, 2019</B></FONT> </TD>
    <TD STYLE="vertical-align: bottom; width: 18%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,105</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 18%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>731</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 18%; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>32</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Results for the year</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">39</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">5</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(20</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #808285">Currency exchange differences</FONT> </TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">3</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">(3</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #828282">8</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: gray 1pt solid; padding: 1pt 2pt 1pt 3pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>Closing balance at March 31, 2019</B></FONT> </TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #828282 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>2,146</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>733</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 1pt solid; text-align: right; padding-top: 1pt; padding-bottom: 1pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #003A66"><B>20</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #828282 1pt solid; padding-top: 1pt; padding-bottom: 1pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><I>(i) The Group share
of loss from our joint venture in Ghana is disclosed under &lsquo;Profit (loss) from other joint ventures and associates, net&rsquo;
in the income statement.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>15. EQUITY INVESTMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Jumia Technologies
AG (&ldquo;Jumia&rdquo;)</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">In January 2019, Millicom
has been further diluted in the capital of Jumia (formerly &ldquo;Africa Internet Holding GmbH&rdquo; or &ldquo;AIH&rdquo;) following
the entry of a new investor. This triggered the recognition of a net dilution gain of $7 million under &lsquo;Income (loss) from
associates, net&rsquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">Subsequently, during Q1
2019, in preparation of its IPO, Millicom relinquished its seat on the board of directors, which resulted in the loss of the Group's
significant influence over Jumia. As a result, Millicom derecognized its investment in associate in Jumia and recognized it as
a financial asset (equity investment) at fair value under IFRS 9. As of April 11, 2019, Jumia successfully completed its IPO at
the offer price per share of $14.5 and shares started trading on the NYSE on April 12, 2019. Millicom used the IPO valuation to
fair value its investment in Jumia as of March 31, 2019. It values our share in Jumia at $70 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>15. EQUITY INVESTMENT (Continued)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">As a result, as of March
31, 2019, a net gain of $30 million has been recognized and reported under &lsquo;Income (loss) from associates, net&rsquo;. Post
IPO, Millicom holds 6.31% of the shares of Jumia. Millicom&rsquo;s investment in Jumia is classified under &ldquo;Equity investment&rdquo;
in the Group&rsquo;s statement of financial position.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">For subsequent measurement,
Millicom will value such equity investment to present subsequent changes in fair value in the statement of income, and not in other
comprehensive income.</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; color: #000660"><B>16. IPO &ndash; MILLICOM&rsquo;S OPERATIONS
IN TANZANIA</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">In June 2016, an amendment
to the Electronic and Postal Communications Act (&ldquo;EPOCA&rdquo;) in the Finance Act 2016 required all Tanzanian licensed telecom
operators to sell 25% of the authorised share capital in a public offering on the Dar Es Salaam Stock Exchange. The Group is currently
working on the preliminary steps (e.g., converting Tigo Tanzania into a public limited company) with a view to listing during the
course of the year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #000660"><B>17. SUBSEQUENT EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Jumia</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On April 11, 2019 Jumia
Technologies AG (previously named Africa Internet Holding GmbH), the leading pan-African e-commerce platform, in which Millicom
holds a 6.3% ownership interest, completed its IPO on the New York Stock Exchange under the ticker symbol JMIA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>Paraguay - Financing</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On April 8, 2019, Telecel
issued a $300 million 5.875% senior notes due 2027 (the &ldquo;Telecel 2027 Notes&rdquo;). The Telecel 2027 Notes bear interest
at 5.875% p.a., payable semi-annually in arrears on April 15 and October 15 of each year, starting on October 15, 2019. The net
proceeds of the Telecel 2027 Notes are being used to finance the purchase of the Telecel 2022 Notes (see note 10).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285"><B><I>MIC S.A. &ndash;
Facility agreement</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On April 24, 2019, the
Company signed a $300 million Term Facility Agreement with DNB and Nordea (the &ldquo;Facility&rdquo;). The Facility will bear
interest at maximum LIBOR + 3% p.a., payable semi-annually in arrears. The net proceeds of the Facility are intended to be used,
among others, to finance the Telefonica CAM Acquisitions (see note 3).</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; text-align: justify; color: #808285"><B><I>MIC S.A. &ndash;
Annual General Meeting of Shareholders</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #808285">On May 2, 2019, the Annual General Meeting of Shareholders approved
the payment of a dividend of $2.64 per share. It will be paid in equal portions in May and November 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #1F497D">&nbsp;</P>


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<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">&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-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in; text-align: justify">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="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>MILLICOM INTERNATIONAL CELLULAR S.A.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Registrant)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <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: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 5.75pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt">Salvador Escalon</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt"><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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Date: May 6, 2019</P>

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


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

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